Anyone else looking at gold to ride out this inflation wave?
- •Starting to feel like my cash is just dissolving the longer it sits, anyone else?
- •I've got a decent chunk of my portfolio, probably around $700k right now, mostly in tech stocks and some real estate here in Austin.
- •I've always had a small allocation to gold, mostly as a hedge, but I'm thinking about bumping it up from like 5% to maybe 15-20%.
Starting to feel like my cash is just dissolving the longer it sits, anyone else? I've got a decent chunk of my portfolio, probably around $700k right now, mostly in tech stocks and some real estate here in Austin. Been a good run, but with all the chatter about inflation getting stickier than anticipated, I'm seriously considering putting a more significant portion into a Gold IRA.
I've always had a small allocation to gold, mostly as a hedge, but I'm thinking about bumping it up from like 5% to maybe 15-20%. The idea is pretty simple: hard asset, historically holds its value when the dollar goes sideways, etc. I'm especially interested in hearing from others who are actively using gold as an inflation shield right now. Are you seeing the benefits? What percentage of your portfolio are you comfortable having in precious metals, purely for inflation protection?
My main concern is obviously opportunity cost. While gold is doing its thing, am I missing out on potential gains elsewhere? But then again, if inflation kicks into overdrive, those "gains" might not feel like much after factoring in purchasing power. For those of you who've been in the game longer, particularly through previous inflationary periods, what's your take? Any specific types of gold (bullion vs. coins, etc.) you prefer for this purpose?