Anyone else seriously considering more gold for inflation protection now?

Janet Cook

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Anyone else seriously considering more gold for inflation protection now?

janet_cook📊Growing (50-100k)

about 1 month ago

Key Takeaways

•Seriously, with all the talk about inflation picking up, I'm finding myself eyeing more gold than usual for my IRA.
•But lately, it feels like the urgency has cranked up a notch.
•I've got a decent chunk, around $75k, already in my Gold IRA, which I started a few years back.

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Seriously, with all the talk about inflation picking up, I'm finding myself eyeing more gold than usual for my IRA. I've always been a believer in precious metals – owning a jewelry store here in Providence, you get a pretty good feel for the market and people's comfort levels with tangible assets. But lately, it feels like the urgency has cranked up a notch.

I've got a decent chunk, around $75k, already in my Gold IRA, which I started a few years back. The initial thought was always diversification and a hedge against stock market volatility. Now, it's feeling more like a necessary defense against the dollar losing purchasing power every month. When I'm seeing my suppliers' prices creep up almost weekly, it makes me think about my retirement savings differently. Does anyone else feel like this current inflation narrative is different from previous cycles?

I've been playing around with that "Retirement Planner" tool over at https://retire.goldirablueprint.com/?forum to see different scenarios for growth and inflation impacts. It's really making me think about how much more I should allocate to gold before things potentially get worse. My current portfolio is roughly 20% precious metals, and I'm honestly weighing if I should bump that up to 25-30% in the next 6-12 months. Should I be more aggressive?

I know silver coins are also a popular choice for those looking to hedge. Given my background, I'm pretty comfortable with both, but for the IRA, I've always leaned heavily into gold for the stability. Thoughts on adding more silver coins to a Gold IRA specifically for inflation protection, especially over more gold? Is anyone else in a similar boat, feeling the pressure to act now rather than later?

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5 comments

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Best Answer▲ 9 upvotes

ruth_perez📊Growing (50-100k)

Absolutely, seriously considering it. Just last week, I was looking at the price of my usual weekly groceries here in Albuquerque – it's gone up by a solid 15-20% on the same items compared to a year ago. That's not just "transitory" anymore, it's hitting my wallet hard. My current gold holdings are around 75k in my IRA, which has been a lifesaver, honestly. I'm actively researching adding another 10-15k before the end of the quarter, probably focusing on some smaller fractional coins this time to diversify a bit more.

Comments (5)

david_brown💎Premium (500k-1m)Real Investor•about 1 month ago

Totally! I'm in a similar boat. I've had some gold in my portfolio for a while, mostly as a hedge, but with everything going on, I'm definitely looking to beef it up. The steady climb in prices for everything is making me pretty nervous about my savings just sitting there. Feels like a no-brainer to consider more of a tangible asset right now.

joseph_harris📊Growing (50-100k)•about 1 month ago

Hey, that's interesting about owning a jewelry store! Do you find that being in the business gives you any unique insights or advantages when it comes to diversifying your own IRA with gold, compared to someone just buying from a dealer?

charles_lewis💎Premium (500k-1m)Real Investor•about 1 month ago

I get the appeal, especially with a jewelry store background, but "inflation protection" for gold can be a bit more nuanced than people often assume. While it *can* perform well during inflationary periods, it's not always a guaranteed hedge against every type of inflation, and its price can be influenced by a lot more than just the CPI. Worth considering a broader portfolio even if you're bullish on metals.

sandra_green📊Growing (50-100k)✓ Verified•about 1 month ago

Absolutely, it seems like a lot of folks are thinking along those lines. Gold has definitely been a go-to for inflation protection historically.

One thing that might be helpful when looking at adding more is to also consider silver. It often tracks with gold but can have higher upside potential in certain economic climates. Some people like to diversify their precious metals holdings a bit beyond just gold. You could check out some of the articles on the Silver Institute's website for more info on silver's role as an inflation hedge – they have some good research.