Silver vs. Gold Allocation - Leaning Gold, but Silver's Got Me Thinking
- β’Been a while since I posted for general discussion instead of just commenting on someone else's "OMG the sky is falling" thread.
- β’Figured I'd throw this out there.
- β’My Gold IRA's sitting comfortably north of the $2 million mark currently, mostly AU, but I've always held a decent chunk of Ag too.
Been a while since I posted for general discussion instead of just commenting on someone else's "OMG the sky is falling" thread. Figured I'd throw this out there. As most of you know from my other posts, I'm pretty heavily allocated in precious metals, especially since I retired off the Street about five years back. My Gold IRA's sitting comfortably north of the $2 million mark currently, mostly AU, but I've always held a decent chunk of Ag too.
Lately, though, with all the talk about industrial demand for silver, and the gold/silver ratio hovering around where it is, I'm wondering if I should be rebalancing a bit more aggressively towards silver. My current split is probably 80/20 gold/silver, plus the smaller allocations in platinum and palladium (which, let's be honest, have been interesting lately). I've got a decent position in physical silver too, separate from the IRA, but that's a whole other thread. For the IRA, it's mostly bars and some Eagles. Gold-wise, I'm boring: mostly Eagles and Maples.
Part of me, the old Wall Street guy, always defaults to gold as the ultimate safe haven, the real long-term store of value. It's just... gold, you know? But then I look at the supply-demand dynamics for silver, particularly on the industrial side, and it just seems positioned for some serious upside if things really get humming. Am I being too conservative sticking so heavily with gold in the IRA, or is that just the smart play for capital preservation over the long haul, especially with the amounts we're talking about here?
Anyone else in a similar boat, or moved more aggressively into silver recently within their Gold IRA? What's your reasoning? Obviously, not asking for financial advice, just curious about others' perspectives and strategies. Living in NYC, sometimes it feels like I'm in a bubble with my metal-heavy portfolio, just want to hear how other heavyweights are thinking about this ratio.