I have other 401K and IRAs that are larger.
I read that 5% of investment should be in precious metals and thought that this small IRA would be good for that.
Diverse investments are a sound strategy but I’d also recommend having physical/tangible silver, gold, or copper at your home just in case.
See, just in case you get ‘debanked’ for having unpopular opinions and you lose access to your assets you’ll at least have something to fall back on.
Not today, 10 percent recommended, and remember, if you do not have physical IN YOUR HAND, you do not own it. Three major bullion banks just closed their doors in the last three months....they dealt in gold paper contracts, with the PROMISE of delivery...guess what? They could not deliver the physical....folks....do realize we have entered another genuine gold bull, make no mistake. Do NOT think we can never ever become Argentina, or worse yet, Venezuela. Hint: an unnoticed slow ( then quick) currency event sparked all those countries into mayhem...the USD did the dreaded Death Cross six months ago, and has already lost more than 10 percent....the dreaded Death Cross is accurate 95 percent of the time...