Thinking about more gold coins for the next recession
- •Been hearing a lot of chatter lately, both in my circles and online, about a potential recession hitting in the next year or two.
- •As a military contractor here in Jacksonville, security has always been a pretty big deal for me, and that definitely extends to my investments.
- •My portfolio's sitting around the 180k mark right now, and a decent chunk of that is already in my Gold IRA, mostly in Eagles and Krugerrands.
Been hearing a lot of chatter lately, both in my circles and online, about a potential recession hitting in the next year or two. As a military contractor here in Jacksonville, security has always been a pretty big deal for me, and that definitely extends to my investments. My portfolio's sitting around the 180k mark right now, and a decent chunk of that is already in my Gold IRA, mostly in Eagles and Krugerrands. I feel good about what I have, but I'm starting to wonder if I should be bulking up even more on physical metals as a true recession-proofing strategy.
I know the standard advice about diversification and not putting all your eggs in one basket, but gold has just felt like such a rock-solid safe haven for me, especially compared to some of the volatility I’ve seen in stocks over the years. During the last downturn, my gold holdings really helped stabilize things when other parts of my portfolio were getting hammered. It’s comforting to know that even if the dollar takes a hit, or there's some kind of global instability – which always seems to be right around the corner these days – I've got something tangible that holds its value.
My main question is, for those of you who've been through a few recessions with significant precious metals holdings, how much is enough? Is there a point where you start to feel over-allocated? I'm debating adding another 15-20k specifically into more gold coins – thinking about some Canadian Maples this time for variety. Are there any other specific types of gold coins that people swear by for their liquidity or premium stability during economic rough patches? Or any pitfalls I should absolutely avoid when adding more?
I'm also curious about storage solutions if I were to buy more physical gold outside of my IRA. Right now, everything's held securely by the custodian, but if I bought direct, I’d need to think about secure home storage or a local safe deposit box. Any recommendations or horror stories to share there?