Anyone else feeling the squeeze and looking at gold?
- •Is anyone else out there getting genuinely concerned about inflation?
- •Every time I fill up my truck or see the price of even basic supplies for my logistics business, I just shake my head.
- •The last thing I want is to hand him a company, and my eventual retirement fund, that’s been seriously eroded by rising costs.
Is anyone else out there getting genuinely concerned about inflation? Every time I fill up my truck or see the price of even basic supplies for my logistics business, I just shake my head. I’ve been running this company in Memphis for almost 25 years, built up a pretty decent portfolio, probably in the $750k range, and I’m slowly getting things in order for my son to take over in the next few years. The last thing I want is to hand him a company, and my eventual retirement fund, that’s been seriously eroded by rising costs.
I’ve had a portion of my IRA in physical gold for a while now, probably around 10-15% of the total, as a kind of long-term insurance policy. It's not about trying to get rich quick, because that's just not how gold works in my experience. It’s more about preserving the purchasing power of what I’ve earned over decades. Thinking back to the late 70s/early 80s, my dad always talked about how gold held its own when everything else was going crazy. I'm wondering if we're heading for a similar period, even if it's not as extreme.
Has anyone here significantly increased their gold holdings recently specifically because of inflation fears? Or are folks seeing other assets as better inflation hedges right now? I'm trying to balance my growth investments with something that feels a bit more stable during these uncertain economic times. I’ve been messing around with the Retirement Planner on goldirablueprint.com to model different scenarios with gold allocation, which has been pretty eye-opening for seeing the long-term impact on my succession plan. It's making me think about upping my gold position, maybe to 20%.
I'd love to hear what strategies others are employing to protect their portfolios from inflation. Are you sticking with gold, or diversifying into other hard assets? Any thoughts from those who’ve been through similar economic cycles before?