Wildborn77
New member
Thinking about diversifying my retirement portfolio with a gold IRA. Heard it’s good for inflation, but the fees sound scary. Anyone here have experience with these? Is it worth the hassle?
Gold IRAs are basically a boomer trap. You’re paying 1-3% in fees every year, and gold’s ROI is garbage compared to the S&P 500. If you put $10K into gold in 1980, you’d have like $60K now. That same $10K in stocks? Over $1.2M. But yeah, keep telling yourself it’s a ‘store of value’ or whatever.Done. I moved 10% of my IRA into physical gold last year. Peace of mind matters more than max returns, especially with how volatile stocks are. If the economy tanks, gold’s your lifeline. Fees suck, but you’re paying for security.
Gold ETFs are way more liquid. Physical gold’s only useful if you’re planning to barter during the apocalypse. Spoiler: You’ll probably get scammed for shiny rocks.Why not just buy a gold ETF in your existing IRA? $GLD tracks gold prices without the storage nonsense. Lower fees, same exposure. Physical gold is for doomsday preppers.
Remember 2008? Gold surged while stocks crashed. Not saying go all-in, but 5-10% hedges against chaos. Plus, the Fed’s printing money like Monopoly—gold’s gonna pop eventually.Gold ETFs are way more liquid. Physical gold’s only useful if you’re planning to barter during the apocalypse. Spoiler: You’ll probably get scammed for shiny rocks.
Thanks! So… no backyard vaults. Got it. Might stick to ETFs after reading these comments. Appreciate the helpFYI: Contribution limits for 2024 are 7k(8k if 50+). Same as regular IRAs. And no, you can’t mix gold and stocks in one IRA—you’ll need separate accounts. SEP IRAs let you stash up to $69k if you’re self-employed.