Anyone else still stacking with inflation fears?

Richard Garcia

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🪙 Gold Coins

Anyone else still stacking with inflation fears?

richard_garcia👑Elite (1m-5m)

about 1 month ago

Key Takeaways

•For the last couple of years, with the CPI numbers climbing month after month, it felt like the smartest move I ever made.
•Protected a lot of wealth during those crazy times.
•And when you've seen a few economic cycles like I have, that lesson gets hammered home.

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Been seeing a lot of chatter lately about inflation potentially cooling off, and frankly, it's making me wonder if I'm being too stubborn with my gold position. I retired from ExxonMobil a few years back, and I've always had a significant chunk of my 2.5m portfolio in physical gold and a Gold IRA – probably pushing 15% now, mostly American Eagles and Krugerrands. For the last couple of years, with the CPI numbers climbing month after month, it felt like the smartest move I ever made. Protected a lot of wealth during those crazy times. My primary residence is paid off here in Houston, but seeing food prices and everything else still so high makes me question a "soft landing."

My reasoning has always been pretty straightforward: gold holds its value when paper money doesn't. And when you've seen a few economic cycles like I have, that lesson gets hammered home. I remember the late 70s, too, though this feels different in some ways. The national debt numbers are just mind-boggling, and I just don't see how that doesn't eventually translate to more currency debasement. A lot of the younger folks seem to be quick to jump on the "inflation is transitory" bandwagon, but I'm not so sure. They haven't lived through what some of us have, you know?

Right now, I'm sitting on almost 300 ounces across various holdings, and I'm still debating whether to pick up some more Saint-Gaudens or maybe a few more Canadian Maple Leafs if there's a dip. Part of me says stick to the plan – keep accumulating as a hedge. The other part wonders if I'm missing out on other opportunities if inflation really does settle down.

What are you all thinking? Are you still buying gold coins primarily because of inflation fears, or have your reasons shifted? Are you scaling back your gold purchases assuming the Fed has this under control, or are you like me and still looking at those long-term economic indicators?

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3 comments

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Best Answer▲ 9 upvotes

paul_hill🏆Advanced (250-500k)

Honestly, with a $2.5M portfolio and a pension, I wouldn't be too worried about whether inflation is cooling off a little this quarter. You're in a much different boat than most folks who are stacking gold out of pure necessity or fear for their savings. For you, it might just be a smart diversification play rather than a desperate hedge.

I guess what I'm saying is, your "why" for holding gold is probably different than the average retail investor, so maybe your strategy doesn't need to swing with every inflation headline. Just a thought!

Comments (3)

ashley_baker💼Starter (0-50k)✓ Verified•about 1 month ago

Yep, still stacking here. Definitely had similar thoughts when the "inflation is transitory" narrative was at its peak. Felt a bit like I was holding onto a security blanket when everyone else was talking about tech stocks. But honestly, seeing how quickly things can flip, I'm glad I held firm. Peace of mind is worth a lot, especially in retirement.

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

Interesting. So your gold position is split between physical and a Gold IRA. Did you find any significant differences in setting those up, or was one easier to manage given your history with ExxonMobil's retirement plans?

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Honestly, with a $2.5M portfolio and a pension, I wouldn't be *too* worried about whether inflation is cooling off a little this quarter. You're in a much different boat than most folks who are stacking gold out of pure necessity or fear for their savings. For you, it might just be a smart diversification play rather than a desperate hedge.

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