Anyone else seriously bulking up on gold coins with all
- •Okay, so I've been in the tourism game here in Savannah for about 15 years now, and let me tell you, I've seen my share of economic ups and downs.
- •Floods, hurricanes, recessions – you name it.
- •But this current climate, man, it feels different.
Okay, so I've been in the tourism game here in Savannah for about 15 years now, and let me tell you, I've seen my share of economic ups and downs. Floods, hurricanes, recessions – you name it. But this current climate, man, it feels different. The whispers about inflation getting more and more real are making me seriously antsy. My portfolio, which is hovering around the $200k mark, has a decent chunk in gold already, but I'm looking at increasing my gold coin holdings significantly. I literally just picked up another 10 American Gold Eagles last week, and I'm already eyeing a few more Royal Mint Brtiannias.
I know the standard advice is diversification, and I've got that, but when I see the cost of everything going up – supplies for the tours, fuel for the boats, even just groceries – it's hard not to feel like physical gold is the ultimate insurance policy. Cash just feels like it's melting away in my savings account. I've been through a couple of cycles where my business took a hit, and it was always good to have some tangible assets that weren't tied directly to the stock market's mood swings. This isn't about getting rich quick, it's about protecting what I've built for my family, you know?
I’m specifically thinking gold coins because they're easier to liquidate if push comes to shove, compared to bars, and they don't have the same premium as some of the more niche collectibles. Plus, there's just something inherently satisfying about holding that weight in your hand, knowing it's real value. Call me old school, but my granddad always said, "When everything else goes sideways, gold still shines."
So, I'm curious, are any of you guys in a similar boat? Are you aggressively adding to your gold coin stash right now because of inflation fears? Or do you think I'm overreacting and should be looking at other hedges? I'm always open to hearing different perspectives, especially from folks who've been through a few economic storms themselves.