Thinking about more gold rounds to weather this storm
- •Okay, so my husband and I have been watching the news, and frankly, it's making me a little antsy.
- •We've got our Gold IRA set up – I think it's around $65,000 in there right now, mostly American Eagles and a good chunk of Canadian Maples.
- •Lately, though, I've been looking at gold rounds.
Okay, so my husband and I have been watching the news, and frankly, it's making me a little antsy. All this talk about inflation, interest rates, and a potential recession just has me thinking about how we can best protect what we've worked so hard for. We've got our Gold IRA set up – I think it's around $65,000 in there right now, mostly American Eagles and a good chunk of Canadian Maples. We started that up about three years ago, right after our youngest went off to college, and it's given me comfort knowing we have some tangible wealth, not just numbers on a screen.
Lately, though, I've been looking at gold rounds. You know, the generic ones, not necessarily government-minted. My thinking is, if things really go south, I want something that's easily recognizable as gold, but maybe a bit more…liquid, I guess? We're out here near Kansas City, and while we're not planning on trading gold for groceries at the farmer’s market yet, I do like the idea of having smaller, more versatile units if we ever needed to sell a portion. Plus, the premiums seem a bit lower on rounds compared to the Eagles, which means more actual gold for our money, right?
My husband, bless his heart, is a bit more 'wait and see,' but I’m a farmer's wife – I believe in preparing for the lean years. I’m thinking about diverting some of our regular savings contributions into buying another $10,000-$15,000 in these generic gold rounds over the next year or so, adding to our existing stash. It feels like a smart move to further diversify our precious metals holdings and really recession-proof our nest egg.
Has anyone else here specifically looked into adding generic gold rounds to their portfolio for this very reason? Or am I just overthinking things? Are there any downsides I'm not considering with rounds versus government coins that might affect their liquidity if we did have to sell during a crisis? I'd love to hear some other perspectives on this.