What's considered "small" these days for Gold IRAs? And who's good?
- β’Been seeing a lot of posts lately about folks just starting their Gold IRAs, and it got me thinking.
- β’When I first dipped my toes in, probably ten years ago now, my initial transfer was around $150K of inherited stock.
- β’But I see people here talking about opening accounts with $25K, even $10K.
Been seeing a lot of posts lately about folks just starting their Gold IRAs, and it got me thinking. When I first dipped my toes in, probably ten years ago now, my initial transfer was around $150K of inherited stock. To me, that felt like a decent chunk of change to move into precious metals, especially since much of the rest of the family money is still tied up in timberland and some old-school trust funds. But I see people here talking about opening accounts with $25K, even $10K. Is that considered a "small investor" now?
My goal then, and still is now, was largely wealth preservation and diversifying away from certain market risks. My grandpa always said, "They can't print more land, and they can't print more gold." It's definitely a long-game strategy for me, thinking about my kids' kids and beyond. Iβm based out of Spokane, WA, and while the regional economy feels solid with lumber demand, itβs good to have assets that arenβt so geographically or industrially concentrated. I used Augusta Precious Metals for my initial setup and they've been solid, but I wonder if they're still the go-to for these "smaller" initial investments. I know they have minimums, but they might have changed.
For those of you who've started with what you'd consider a smaller amount (say, under $50K-75K), who did you go with and why? What were the fees like? Did you feel like you got good support and education, or were you mostly left to figure it out? I'm always trying to stay informed, and I've found some decent educational resources myself, especially on that Learning Center site β it's got some really detailed breakdowns that help clarify a lot of the jargon. But hearing real-world experiences from people on the ground is invaluable. What companies are truly catering to investors who aren't moving six or seven figures right off the bat?