Thinking about adding silver to my IRA - anyone else here stacking both?

Robert Thompson

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Thinking about adding silver to my IRA - anyone else here stacking both?

robert_thompson💰Established (100-250k)

about 9 hours ago

Key Takeaways

•You know, for years after I cashed out my pension and fully retired from teaching here in Phoenix, I was all-in on gold.
•Mostly because of what happened in '08, it just made sense to me.
•My portfolio, which is around the $200k mark these days, is probably 70% gold right now with the rest in some income-generating ETFs.

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You know, for years after I cashed out my pension and fully retired from teaching here in Phoenix, I was all-in on gold. Mostly because of what happened in '08, it just made sense to me. My portfolio, which is around the $200k mark these days, is probably 70% gold right now with the rest in some income-generating ETFs. But lately, I’ve been seriously considering adding a chunk of silver to my Gold IRA. It feels like I'm leaving something on the table.

I know some folks here are strictly gold bugs, and others are strictly silver. But I’m wondering if there's a good argument for diversifying within precious metals, specifically adding silver to an established gold position. I'm not talking about going crazy, maybe 10-15% of my precious metals holdings into silver. My dealer has been showing me some of the 10oz and 100oz bars, and the premiums don’t seem outrageous on those.

The industrial demand for silver really intrigues me, more so than just its monetary value. With all the new tech coming out, solar panels, EVs, etc., it feels like silver has a dual purpose that gold doesn't quite have in the same way. Has anyone else here done something similar? Transitioned from a purely gold IRA to a mixed metals one? Did you find the tracking and management any more complicated?

I started with my first gold purchase back in 2010, just a few thousand bucks worth, then really ramped it up in the years following. The idea was always long-term wealth preservation. Now, with silver, I'm thinking maybe of a more aggressive growth play while still keeping that tangible asset security. What are your thoughts folks? Good move or unnecessary complication?

5 comments

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Best Answer▲ 7 upvotes

jennifer_martinez💰Established (100-250k)

Hey, that's interesting! So you said you were all-in on gold after '08. Did you mean you specifically bought physical gold then, or were you already investing in gold ETFs/mining stocks and just increased your holdings?

Comments (5)

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

Totally get where you're coming from! I actually did something similar a few years back. Was heavy into gold after '08 as well, felt like the only safe bet. Then a friend in a financial group I'm in started talking about the gold-to-silver ratio and how undervalued silver seemed at the time. Ended up diversifying about 20% of my precious metals into silver and haven't regretted it. It's been a nice little boost to the overall portfolio.

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Honestly, I hear you on the gold for stability, especially after '08. But 70% gold feels pretty concentrated, even for a precious metals allocation. Have you looked into the historical performance differences between gold and silver? While silver can be more volatile, it also has significant industrial demand, which gives it a different kind of floor than gold, which is primarily a store of value. Might be worth considering that angle when weighing up your diversification.

ruth_perez📊Growing (50-100k)•less than a minute ago

Totally get it! Gold's been my rock too, especially after the '08 scare. But silver definitely has its own appeal, especially with its industrial demand.

Speaking of which, if you're looking into specific types of silver to add to your IRA, make sure you check out the IRS's list of approved precious metals for IRAs. Not all silver coins or bars qualify, so it's a good idea to know what you're looking for before you buy! Good luck with the stacking!

michelle_collins🏆Advanced (250-500k)Real Investor•less than a minute ago

Totally get where you're coming from! I've been in a similar boat, heavy on gold for ages. Started with a 65/35 split (gold/stocks) a few years back, but I've actually been gradually adding more silver recently. Something about the current market just makes silver feel like a smart move to diversify a bit more within the precious metals space. Good luck with your decision!

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