Silver vs. Gold in My IRA - Thoughts from a Long-Time Gold Bug
- β’Been wrestling with my silver allocation lately and wanted to tap into the collective wisdom here.
- β’Felt good to have something tangible when everything else seemed to be going digital and paper.
- β’For most of those 20+ years, gold has been my undisputed king.
Been wrestling with my silver allocation lately and wanted to tap into the collective wisdom here. Iβm a retiree from the auto industry, been out for a few years now, and have most of my portfolio (sitting somewhere between $750k and $1M these days) tied up in precious metals, largely in a Gold IRA. I got into gold hard back in the early 2000s, bought a bunch of Eagles and Maples when I saw what was happening with the dot-com bust and then the housing market. Felt good to have something tangible when everything else seemed to be going digital and paper.
For most of those 20+ years, gold has been my undisputed king. I mean, itβs the ultimate safe haven, right? Keeps its value, holds up against inflation, and feels a lot more secure than whatever the stock market is doing on any given Tuesday. Iβve always held a little silver, maybe 5-10% of my total metals, mostly ASEs and some Sunshine Mint bars. Thought of it more as a "poor man's gold" or something to liquidate quicker if I needed smaller amounts. But lately, with all the talk about industrial demand and the green energy push, Iβm wondering if Iβm under-allocating to silver.
Iβm thinking about potentially bumping my silver up to 20-25% of my metals portfolio. Part of me worries about the volatility compared to gold; it swings a lot harder. But then I look at the gold-to-silver ratio and it still feels like silver is undervalued historically. I'm sitting here in Detroit, watching the industrial landscape change, and it makes me think about those foundational metals. My gut tells me there's more upside in silver now than there has been in a long time, but Iβve also been burned thinking I knew what was coming before. Anyone else in a similar boat? For those with a significant precious metals allocation, what's your current gold/silver split and why?