Anyone else seeing gold pop with this geopolitical stuff?

Janet Cook

Back to forum

🔲 Platinum IRA

Anyone else seeing gold pop with this geopolitical stuff?

janet_cook📊Growing (50-100k)

about 3 hours ago

Key Takeaways

•I've been watching the news this week, specifically with all the chatter coming out of Eastern Europe, and my gold IRA is definitely reflecting it.
•I just checked its value this morning – pretty sure it's up a decent chunk since last Friday.
•Usually, it's a slow climb or a sharp spike and then a correction.

Compare top Gold IRA companies — free

I've been watching the news this week, specifically with all the chatter coming out of Eastern Europe, and my gold IRA is definitely reflecting it. I just checked its value this morning – pretty sure it's up a decent chunk since last Friday. As someone who's owned a jewelry store here in Providence for the past 20 years, I've seen gold react to global instability time and time again, but this feels a bit different. Usually, it's a slow climb or a sharp spike and then a correction. This time it seems like it's got real staying power.

My IRA currently holds about $75k in physical gold, and I've been considering adding more, especially in platinum. With all the supply chain issues lately, the platinum market could be poised for a similar, or even greater, jump. I'm wondering if anyone else is feeling this same pressure – the sense that now might be the last 'good' time to get in before things really get wild.

I used a Gold IRA Calculator last night to model some potential returns if I bumped my allocation up to closer to $100k, and the numbers were pretty compelling even with conservative estimates for gold's future performance. My fear is that if things escalate further overseas, we could see an even bigger flight to safety, driving prices much higher than we're seeing right now. It's exhilarating and unnerving all at the same time.

What are your thoughts on how long this current geopolitical climate will keep gold elevated? Are you guys seeing similar gains in your portfolios? And for those with platinum in their IRAs, how's that doing for you?

3 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

42 people viewed this today4 members requested a free kit this week6 investors bookmarked this

Best Answer▲ 9 upvotes

donald_nelson💎Premium (500k-1m)

Yeah, I've noticed the same trend with my precious metals. It's almost predictable, unfortunately. Quick question though: when you say "decent chunk," are we talking 1-2%, or something more substantial like 5%+?

Comments (3)

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

Totally! Got a small chunk of physical gold I bought a few years back, mostly as a "just in case" thing. I've been eyeing it a bit more closely recently and definitely noticing a nice little bump. Not life-changing, but enough to make me think I made a decent call back then. Wild how quickly things can shift.

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

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Yeah, gold's definitely had a good run lately, but I'm not entirely convinced it's just the geopolitical drama. I mean, the inflation numbers have been pretty wild, and that usually sends people running to safe-haven assets like gold too. Could be a combination of factors, you know?

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →