Anyone else seriously considering more gold for inflation protection lately?
- •Okay, so I've been lurking for a while, soaking up all the insights here.
- •As someone with roughly a $75k Gold IRA in Albuquerque , watching the news about inflation has me a little antsy.
- •My current allocation is about 60% physical gold (mostly আমেরিকান ঈগল and Canadian ইগল), 30% silver, and a small 10% in platinum.
Okay, so I've been lurking for a while, soaking up all the insights here. As someone with roughly a $75k Gold IRA in Albuquerque, watching the news about inflation has me a little antsy. I'm a government employee here in NM, and while my pension is a good safety net, I'm really trying to fortify my retirement with my Gold IRA, especially with all the talk about the dollar losing purchasing power.
My current allocation is about 60% physical gold (mostly আমেরিকান ঈগল and Canadian ইগল), 30% silver, and a small 10% in platinum. I started this a few years back, primarily for that long-term hedge against economic instability, and it's been performing pretty well for what it is. Now, I'm seriously wondering if I should be increasing my gold exposure even further. The thought of my hard-earned savings just eroding away while I'm still working for another 10-12 years... it's a gut punch.
Has anyone else here adjusted their Gold IRA strategy specifically due to inflation concerns in the past year or so? I'm debating whether to shift some of that silver into more gold, or if I should just stay the course. What are your thoughts on precious metals as the primary defense against inflation right now? Are there any other alternative strategies you've looked at that complement a Gold IRA for inflation protection?
Just trying to make sure I'm making the smartest moves for my future here. Thanks in advance for any input.