Thinking about rebalancing some silver into gold, what are your thoughts?
- •Been pondering my allocation lately, especially with everything going on.
- •Currently, my portfolio is sitting at about 80% gold and 20% silver.
- •Over the years, that 20% silver got a bit heavy and I'm wondering if it's time to trim it down and move more into gold.
Been pondering my allocation lately, especially with everything going on. Currently, my portfolio is sitting at about 80% gold and 20% silver. I'm a retired teacher from Phoenix, started getting into precious metals after the '08 crash really shook my confidence in traditional markets, and I've steadily built up a decent chunk, probably in the $150k range now for my metals portion. Over the years, that 20% silver got a bit heavy and I'm wondering if it's time to trim it down and move more into gold.
My initial thought when I got into silver was its industrial demand and the idea of it being "poor man's gold." And for a while, it seemed to really track gold pretty well, and I even saw some nice gains. But lately, gold just feels like the safer, more stable store of value, especially with all the talk about inflation and economic uncertainty. I mean, my gold has definitely been the star performer overall, giving me a much better sense of security.
I'm looking at maybe doing a 90/10 split, or even 95/5. The idea of having less volatility makes me sleep better at night. Is anyone else in a similar boat? Have you done any recent rebalancing between gold and silver? What factors are you considering right now when it comes to allocation?
Thinking about calling my IRA custodian next week, but wanted to get some real-world opinions first. Always appreciate the insights from this community!