Anyone else seeing gold's resilience right now? Thinking of adding more to my IRA if inflation keeps up.
- •I've been watching the inflation numbers lately, and frankly, they’re making me a bit antsy.
- •My primary goal was wealth preservation, not aggressive growth, and it’s felt like a smart move ever since.
- •My work as an attorney here in Philly keeps me pretty busy, but I always carve out time to keep an eye on the market.
I've been watching the inflation numbers lately, and frankly, they’re making me a bit antsy. I know we've all been hearing about it, but seeing the cost of everything from groceries to gas creep up just makes me double down on my conviction in gold. I pulled the trigger on my Gold IRA a few years back, putting about 15% of my then $600k portfolio into it – mostly American Gold Eagles and some Canadian Maples. My primary goal was wealth preservation, not aggressive growth, and it’s felt like a smart move ever since.
My work as an attorney here in Philly keeps me pretty busy, but I always carve out time to keep an eye on the market. With the Fed's stance and the general global uncertainty, it just feels like gold is one of the few places offering a genuine hedge. My precious metals custodian has been great, very responsive whenever I've had questions about diversification or storage. Thinking about it, I'm sitting on around $850k in my total portfolio now, and a significant chunk of that growth has been thanks to gold’s steady climb.
Part of me is wondering if I should increase my allocation, maybe push it towards 20% if these inflation fears persist. The last thing I want is to see my hard-earned savings eroded by purchasing power loss. On the other hand, there's always that debate about allocation percentages – how much is too much? I remember back in 2020, during the initial COVID panic, gold really proved its worth as a safe haven. It gave me a lot of peace of mind when everything else felt like it was in freefall.
So, I'm curious to hear from others in a similar boat. Are you seeing gold as a primary inflation hedge right now? Is anyone else considering adding more to their IRA or other precious metal holdings in anticipation of further inflation? And for those with similar portfolio sizes, what percentage are you comfortable allocating to physical gold?