Anyone else getting serious inflation vibes right now? Considering more gold for my IRA.

Dorothy Lopez

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Anyone else getting serious inflation vibes right now? Considering more gold for my IRA.

dorothy_lopez💰Established (100-250k)

about 9 hours ago

Key Takeaways

•I've had about $150k tied up in a Gold IRA for the past five years or so, mainly as a hedge, and it's definitely paid off.
•But now, it feels like we're not just hedging against standard market wobbles, we're staring down something potentially much bigger.
•Every time I go to the grocery store, or even just fill up my tank, I'm shaking my head.

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Okay, so I've been in the casino industry long enough here in Vegas to know a bad bet when I see one, and honestly, the way things are going with inflation feels like a really bad hand being dealt to all of us. I've had about $150k tied up in a Gold IRA for the past five years or so, mainly as a hedge, and it's definitely paid off. But now, it feels like we're not just hedging against standard market wobbles, we're staring down something potentially much bigger.

Every time I go to the grocery store, or even just fill up my tank, I'm shaking my head. The prices are just nuts. I keep thinking back to some of the old-timers I used to deal with on the floor, who always preached about having some physical assets when the fiat currency starts looking dodgy. My current Gold IRA has been a fantastic way to protect a chunk of my retirement, especially since 2020. I'm sitting on some decent gains there that have absolutely outpaced my more traditional investments in the same timeframe.

My portfolio is currently hovering around $220k, and I'm seriously contemplating adding another $30k-$50k into my Gold IRA before the end of the year. It feels like a no-brainer with the Fed just printing money and the national debt spiraling. Is anyone else looking to significantly increase their gold holdings right now, specifically within their IRA? Are you seeing the same red flags I am with this inflation?

I know some folks treat gold like it's a dinosaur, but from my perspective, it’s like a reliable pit boss who’s seen it all and always has your back when things go south. Just wondering what other investors here are thinking and if you're making similar moves given the current economic climate.

4 comments

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Best Answer▲ 9 upvotes

margaret_chen🏆Advanced (250-500k)

Interesting perspective from someone in the casino industry, that's a unique take. When you say you've had $150k in a Gold IRA for the past five years, did you convert existing retirement funds or use new contributions for that?

Comments (4)

ashley_baker💼Starter (0-50k)✓ Verified•less than a minute ago

Totally get what you're saying, OP. I'm not in the casino biz, but I've been feeling that same anxiety creep up lately. Actually just topped up my own Gold IRA a few weeks ago for the exact same reasons. The peace of mind is worth it for me, even if it's just a hedge. Been watching my grocery bills climb like crazy and it's making me nervous.

margaret_chen🏆Advanced (250-500k)Real Investor•less than a minute ago

donna_rogers🏆Advanced (250-500k)Real Investor•less than a minute ago

Interesting take. I get the inflation fears, absolutely, but putting *more* into gold right now might be a bit of a FOMO play. Gold's already had a pretty decent run lately. Are you sure you're not just buying into the hype after the fact? Diversification is key after all, even within your inflation hedges.

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

Totally feel you on the inflation vibes. It's getting wild out there. Since you're already in a Gold IRA, have you looked into also diversifying with some silver? Sometimes it's overlooked, but silver can be a great hedge too, especially since it has both investment and industrial demand. Here's a decent article comparing gold and silver in an IRA, might be worth a read: https://www.investopedia.com/articles/investing/090215/gold-vs-silver-which-better-your-ira.asp

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