Anyone else still heavily allocating to gold/silver despite the latest CPI numbers?
- •My construction costs alone for new projects are up 30-40% year-over-year.
- •That doesn't just disappear because a single month's grocery bill was a touch lower.
- •It feels like everyone outside of my circle is living in a different reality sometimes.
I know the latest CPI numbers came in a bit softer than expected, and we're seeing some talk about "transitory" inflation making a comeback in the media. But honestly, living in Aspen and seeing the cost of literally everything here explode over the last few years, I'm still extremely bearish on the long-term inflation picture. My construction costs alone for new projects are up 30-40% year-over-year. That doesn't just disappear because a single month's grocery bill was a touch lower. It feels like everyone outside of my circle is living in a different reality sometimes.
My portfolio has been heavily weighted in physical precious metals for years, especially gold and silver, both in my Gold IRA and separate vaulted holdings. We're talking well over $2M in just that bucket alone. I originally started stacking heavily back in 2008-2009 during the GFC aftermath, when I saw how much money was being printed. That strategy has paid off handsomely, helping to preserve a significant chunk of my capital when other assets were getting hammered. But even with the recent run-up, I'm finding myself wanting to allocate even more to gold and silver, especially after dumping some of my less performing real estate plays in anticipation of further market volatility.
Am I being overly paranoid here? Or are there others in this community who, like me, are looking past the superficial headlines and still seeing serious storm clouds on the horizon? The amount of national debt, persistent supply chain issues, and just the general feeling of economic uncertainty around here makes me think we're nowhere near out of the woods. What are your longer-term convictions regarding gold and silver as an inflation hedge, especially given the current macro environment? Would love to hear some diverse opinions here.