Anyone else rethinking their gold allocations with this

• •I've been feeling a bit of a tremor lately with all the chatter about a potential recession.
• •The initial thought was hedging against inflation and market volatility, and for a while, it felt like a smart, steady move.
• •I’ve currently got about 15% of my roughly $750k portfolio in physical gold held in my IRA, mostly American Gold Eagles and some Canadian Maples.

I've been feeling a bit of a tremor lately with all the chatter about a potential recession. As someone who's put a lot of effort into building up my portfolio, preserving wealth is paramount, which is why I got into a Gold IRA in the first place a few years back. The initial thought was hedging against inflation and market volatility, and for a while, it felt like a smart, steady move. I’ve currently got about 15% of my roughly $750k portfolio in physical gold held in my IRA, mostly American Gold Eagles and some Canadian Maples.

My concern now is whether that 15% is sufficient if things get really rocky, like 2008 rocky. I’m a lawyer here in Philly, and while my practice is fairly stable, you never know what kind of ripple effects a severe downturn could have. I’m looking at everything from higher interest rates impacting my real estate investments to general market sentiment hitting my more traditional equity holdings. The gold has been a nice, calm anchor in the storm so far, truly. It hasn't seen the wild swings of the stock market, which precisely aligns with my preservation strategy.

On one hand, increasing my gold allocation feels like a no-brainer for further recession-proofing. I’ve considered bumping it up to 20% or even 25%, perhaps by selling off some of my less exciting bond funds that haven't been doing much lately anyway. The thought is that if the USD takes a hit or inflation really goes wild, physical gold will truly shine. On the other hand, there’s the opportunity cost. What if this recession talk is overblown, and I’m tying up capital that could be used for growth once the market inevitably rebounds?

Has anyone else in a similar position – focused on wealth preservation, perhaps with a similar portfolio size – been grappling with these thoughts? Did you make any adjustments to your precious metals allocation in the face of recession fears, either recently or in past downturns? I’m particularly interested in hearing from anyone who increased their gold holdings significantly before a recession hit and whether they felt it paid off. What percentage of your total portfolio do you feel is an "optimal" amount for precious metals when recession bells are ringing loud?