Thinking of adding more silver to my Gold IRA - what are
- •Started off with about $10k in silver last year when I first rolled over some old 401k funds.
- •The whole 10oz bar thing is pretty satisfying to hold, I gotta say.
- •My initial strategy was mostly gold, maybe 80/20 gold to silver, just because that's what I heard was "safer" for long-term growth.
Okay, so I’ve been looking at my portfolio lately, and even though "Gold IRA" is in the name, I've got a decent chunk of silver in mine, and I’m starting to wonder if I should commit more to it. Started off with about $10k in silver last year when I first rolled over some old 401k funds. The whole 10oz bar thing is pretty satisfying to hold, I gotta say.
My initial strategy was mostly gold, maybe 80/20 gold to silver, just because that's what I heard was "safer" for long-term growth. But recently, with everything going on with inflation and just generally feeling like the market is a bit… twitchy, I've been thinking about bumping my silver allocation up to maybe 30% or even 40%. The industrial demand for silver seems like it could really pop off, and it just feels a bit more accessible to buy in smaller increments than a full gold ounce.
I'm a small business owner here in Denver, and while things are generally good, I'm always looking for ways to diversify and protect my savings, especially since my main income is tied to the local economy. My total IRA is sitting around $85k right now, so it’s not massive, but it’s significant to me. Anyone else out there gone heavier on silver in their precious metals IRA? Any regrets or success stories? Would love to hear some perspectives, especially from folks who’ve been doing this longer than I have.