Thinking about silver for my Gold IRA – is it smart?

Ruth Perez

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Thinking about silver for my Gold IRA – is it smart?

ruth_perez📊Growing (50-100k)

about 5 hours ago

Key Takeaways

•Okay, so I’ve been mostly focused on gold for my IRA, as you might guess from my username.
•Got about $70k in there, mostly physical gold, complementing my government pension that’ll kick in full in about 15 years.
•Based in Albuquerque, and the cost of living keeps creeping up, so finding ways to make sure that retirement income is robust is a constant thought.

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Okay, so I’ve been mostly focused on gold for my IRA, as you might guess from my username. Got about $70k in there, mostly physical gold, complementing my government pension that’ll kick in full in about 15 years. Based in Albuquerque, and the cost of living keeps creeping up, so finding ways to make sure that retirement income is robust is a constant thought. I've been using that Gold vs Stocks Comparison tool GoldIRAblueprint has pretty frequently just to keep an eye on things, and for the last 10 years, gold's been looking pretty solid, making me feel good about my choices.

Lately, though, I've been seriously considering adding some silver to the mix. Not a huge chunk, maybe 10-15% of my total precious metals portfolio. My thinking is, if things really go sideways, silver still has that industrial demand that gold doesn't quite have to the same extent. So it feels like a bit of a hedge against a different kind of economic downturn. Plus, the entry price point is obviously lower, so I could get more ounces for my dollar, which is appealing.

I guess I'm a little anxious about it, just because gold feels like the "safe" play everyone talks about. Silver feels a bit more volatile, which isn't usually my style for retirement savings. Are there folks here who have successfully diversified their precious metals IRA with silver? Did it pay off, or did you regret not just sticking to good old gold? Any particular types of silver you'd recommend looking into (e.g., coins, bars, specific purities)?

Would love to hear some real-world experiences, good or bad, before I pull the trigger with my custodian. Just trying to make the savviest move for my future.

3 comments

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Best Answer▲ 6 upvotes

barbara_white🏆Advanced (250-500k)

Totally get where you're coming from! I had a similar thought process a few years back. My Gold IRA was looking pretty gold-heavy, and with all the inflation talk, I started thinking about diversifying within the precious metals space. Ended up adding some silver to mine, and it’s been a good move so far for that extra sprinkle of diversification. Nothing wrong with wanting to spread things out a bit!

Comments (3)

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

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting thought process, especially with the cost of living concerns. You mentioned your current IRA is "mostly physical gold" - are you holding any silver in there already, or is this a completely new asset class you're looking to introduce?

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

Honestly, while silver definitely has its place, I'm not sure it's the *smartest* move right now for your specific situation. You're already diversified with a pension coming in, and the goal of an IRA is usually long-term stability and growth. Silver can be a lot more volatile than gold, and with the cost of living creeping up, you might be better off sticking with gold's more consistent performance and maybe looking at other asset classes for more aggressive growth if that's what you're after. Just my two cents.

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