Anyone else feeling the inflation pinch and doubling down on gold?

Charles Lewis

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Anyone else feeling the inflation pinch and doubling down on gold?

charles_lewis💎Premium (500k-1m)

about 3 hours ago

Key Takeaways

•Honestly, this inflation data coming out lately has me more than a little uneasy.
•My portfolio, which is usually a pretty even split, has me heavily weighted in gold right now, probably pushing 20-25% of my overall 750K.
•Usually, I'm a bit more diversified, but these are not usual times.

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Honestly, this inflation data coming out lately has me more than a little uneasy. I’m seeing the gas prices here in Philly, feeling it at the grocery store, and even looking at my old house, thinking if I had to buy it today, it’d be a nightmare. My portfolio, which is usually a pretty even split, has me heavily weighted in gold right now, probably pushing 20-25% of my overall 750K. Usually, I'm a bit more diversified, but these are not usual times.

I started really loading up on physical gold in my IRA back in 2020 when everything went sideways with COVID, and it felt like the Fed was just printing money like it was going out of style. My initial goal was straight-up wealth preservation – I’ve worked too hard over the last 25 years as a lawyer to see it all evaporate. Now, it feels less like preservation and more like a necessary hedge against outright currency debasement. Call me dramatic, but when I see the purchasing power of the dollar eroding this quickly, it makes me seriously question the long-term stability of traditional assets.

I’ve been eyeing some more allocations to gold mining stocks too, just as a way to get some leverage, but haven't pulled the trigger yet. The volatility there makes me a bit skittish, even for someone who's seen a few market cycles. Are any of you out there looking at increasing your gold exposure, especially in your retirement accounts, given the current economic climate? And if so, are you going with more physical, or are you venturing into the mining stocks?

It’s hard not to feel a bit of FOMO when the market is still doing relatively well, but my gut is telling me this inflation isn't transitory. I'm genuinely curious how others are feeling about their gold positions right now. Is anyone else feeling that internal struggle between wanting to participate in the broader market upside and the very real fear of significant inflation devaluing everything?

3 comments

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Best Answer▲ 10 upvotes

maria_campbell📊Growing (50-100k)

Totally get what you mean about the inflation pinch. That Philadelphia gas price hit different. You mentioned your portfolio is usually an even split. What kind of assets are you typically splitting with your gold, if you don't mind me asking?

Comments (3)

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Dude, preach! I'm right there with you. My grocery bill alone is enough to make me weep. I actually pulled the trigger on adding more gold to my IRA last month for pretty much the exact same reasons. It just feels like a safer bet right now.

robert_thompson💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

I totally get the inflation anxiety, it's real. But I'm not entirely convinced that *doubling down* on gold right now is the move. While it's historically been an inflation hedge, it's not always a guaranteed home run, especially if the broader market takes a hit. Sometimes, a more diversified approach, even within inflation hedges, can be safer. Just a thought!

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