Years of betting on gold paid off big time, especially this last year

Brian Edwards

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Years of betting on gold paid off big time, especially this last year

brian_edwards🌟Ultra (5m+)

about 2 months ago

Key Takeaways

•Holy moly, what a year.
•Seriously, can we just talk about the run gold has had?
•I've been stacking physical and metals through my IRA for over a decade now.

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Holy moly, what a year. Seriously, can we just talk about the run gold has had? I've been stacking physical and metals through my IRA for over a decade now. Started really getting serious about it right after '08 when I saw the writing on the wall for fiat. Everyone thought I was nuts, dumping a significant chunk of my real estate profits into what they called "barbarous relics."

Fast forward to today, sitting here in Aspen watching the snow fall, and I’m feeling pretty damn validated. My gold holdings, especially the IRA portion, have absolutely exploded. We're talking well over 5M in just that account this past year alone, with my total portfolio significantly higher. It’s not just about the numbers, though; it's the peace of mind. While everyone else is freaking out about inflation and market volatility, I'm just here chilling, knowing a solid chunk of my wealth is protected and appreciating.

For anyone on the fence or just starting out, seriously consider diversifying into precious metals. It's not a get-rich-quick scheme, but for long-term wealth preservation and growth, it's been unparalleled for me. I’m thinking about recalibrating my retirement strategy again soon, probably going to use the Retirement Planner tool I found recently to project some best-case and worst-case scenarios for my gold allocation. Has anyone else here used it for their own planning?

What are your thoughts on gold's performance moving forward? Are you holding steady, buying more, or divesting? I'm curious to hear other perspectives, especially from those who've been in the game a while too. Let's discuss.

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5 comments

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Best Answer▲ 9 upvotes

janet_cook📊Growing (50-100k)

That's awesome to hear! Congrats on your foresight. You mentioned stacking physical and metals through your IRA - are those separate holdings, or is your IRA structured to hold physical gold directly?

Comments (5)

william_davis💎Premium (500k-1m)Real Investor•about 2 months ago

Dude, I can totally relate! Not quite a decade for me, but close enough. I pulled the trigger on a gold IRA a few years back after feeling super uneasy about the market. My buddies were all "stocks, stocks, stocks" and I was like, nah, I'm feeling a shiny tangible asset. And man, am I glad I did. This last year has been a wild ride in the best possible way. Congrats on the big payoff, seriously!

janet_cook📊Growing (50-100k)•about 2 months ago

That's awesome to hear! Congrats on your foresight. You mentioned stacking physical *and* metals through your IRA - are those separate holdings, or is your IRA structured to hold physical gold directly?

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

That's awesome you've had such a great run! No denying gold's been on a tear lately. I do wonder though, for folks just getting in now, if a lot of that upside might already be priced in. It feels like the "writing on the wall for fiat" narrative is a bit more mainstream these days, which could mean less room for those crazy gains you saw in the early days.

charles_lewis💎Premium (500k-1m)Real Investor•about 2 months ago

That's awesome to hear your patience and foresight paid off! It definitely takes conviction to stick with a plan like that, especially when friends and family might be raising an eyebrow.

For anyone else reading this thinking about getting into a Gold IRA, a great resource to understand the different types of gold and silver allowed (and what's not!) is the IRS's own Publication 590-A. It's a bit dry, but super important to make sure your investments are compliant.

sharon_evans💰Established (100-250k)Real Investor•about 2 months ago

Nice! Always good to hear positive stories. For anyone looking at the long game, I've found Kitco's historical price charts to be incredibly useful for putting recent gains into perspective. Seeing those 20-year trends really solidifies the "patience pays off" mindset for me.

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