Anyone else getting nervous about inflation and their
- •I've been running my agribusiness here in Fresno for like 30 years now, and I've seen my share of economic weirdness.
- •I got into gold about five years ago, after watching my dad's pension lose purchasing power through the 80s and 90s.
- •He had a good chunk of change, but it just didn't go as far as he thought it would in retirement.
I've been running my agribusiness here in Fresno for like 30 years now, and I've seen my share of economic weirdness. But lately, with all the money printing and supply chain issues, I just can't shake this feeling that inflation is going to really bite us all in the backside. I'm sitting on a Gold IRA that's probably around the $80-90k mark right now, and honestly, it’s the only part of my retirement portfolio I feel truly comfortable with.
I got into gold about five years ago, after watching my dad's pension lose purchasing power through the 80s and 90s. He had a good chunk of change, but it just didn't go as far as he thought it would in retirement. That stuck with me. For me, real assets just make sense. You can’t print more gold from thin air, you know? My wife thinks I’m old-fashioned, but it’s hard to argue with something that’s held its value for thousands of years. I’m thinking about adding another $10-15k to my metals this quarter if the price dips a bit.
My big question for you all is: besides physical gold and silver, what other inflation protection strategies are people employing in their retirement accounts? I'm not looking to get into anything too volatile like crypto, but I’m open to hear about other tangible assets or even specific types of bonds that are less exposed to inflation risk. Also, as I get closer to that age where Required Minimum Distributions (RMDs) become a thing, I've been starting to think about how those will play out with my gold. Has anyone here used that RMD Calculator tool from GoldIRAblueprint? I came across it the other day and thought it might be useful for planning, but wanted to hear some real-world experiences.
Just trying to make sure I’m setting myself up right for when I eventually hand the reins of the business over to my son. Appreciate any insights ya'll got.