Anyone else seeing signs of inflation accelerating? My gold allocation is feeling good right now...
- •Starting to get that nagging feeling again about inflation.
- •Saw the latest CPI numbers, and while the official line is "transitory," my gut, and frankly, my models, are screaming otherwise.
- •Every trip to Whole Foods feels like a luxury now, even for me, and I drive a Bentley.
Starting to get that nagging feeling again about inflation. Saw the latest CPI numbers, and while the official line is "transitory," my gut, and frankly, my models, are screaming otherwise. I manage a pretty substantial book, and the smart money I'm talking to in Greenwich is all whispering about it – supply chain issues aren't going anywhere, demand is still hot, and the Fed's stance just feels... soft. Every trip to Whole Foods feels like a luxury now, even for me, and I drive a Bentley. It's not just the sticker shock; it's the rate of the sticker shock.
My personal portfolio's gold allocation (which is sizable, well into seven figures) has been a consistent performer through previous inflationary cycles, and I allocated a significant chunk of it directly into physical Gold Rounds a few years back. The idea at the time was pure diversification and a hedge against exactly this kind of scenario. I'm talking actual physical metal held securely, not just paper. Right now, it feels like one of the soundest decisions I've made. The calm I get from knowing a portion of my net worth isn't just evaporating due to central bank shenanigans is pretty significant.
Been thinking about increasing my exposure slightly more, particularly as I review my Q4 projections for the market. Anyone else in a similar boat, feeling the inflation heat and revisiting their precious metals strategy? Are you holding physical, or primarily ETFs? Curious to hear if people are seeing similar signals out there, or if I'm just getting paranoid heading into the holiday season. Always good to get perspectives outside the usual echo chamber.