Anyone else stocking up on Eagles?
- •Been hearing a lot of chatter lately on CNBC and even some of the local Madison news about a potential recession.
- •Seems like every other day there's a new "expert" predicting doom and gloom.
- •Lately, though, with the whispers getting louder, I've been thinking about adding more physical gold.
Been hearing a lot of chatter lately on CNBC and even some of the local Madison news about a potential recession. Seems like every other day there's a new "expert" predicting doom and gloom. Honestly, after everything I've seen in the dairy industry over the years – milk price crashes, trade wars, you name it – I'm always looking for ways to shore up my investments. My Gold IRA was a big step in that direction a few years back, and it's been a good feeling knowing I've got some tangible assets outside of stocks and bonds.
Lately, though, with the whispers getting louder, I've been thinking about adding more physical gold. Specifically, I've been eyeing American Gold Eagles. Not just for the IRA, mind you, but some outside of it too. I've got a decent chunk, probably a good 750k in my overall portfolio, and a good portion of that is in precious metals. It's not about making a quick buck for me; it's about preserving wealth and having a hedge against inflation and economic uncertainty. Call me old-fashioned, but a shiny coin in your hand feels a whole lot more secure than numbers on a screen when things get rough.
Anyone else out there feeling the same pull to recession-proof with physical gold right now? Or are you banking on other strategies? I'm curious to hear what other folks are doing. Are you focusing on Eagles, or other sovereign coins like Maples or Britannias? Any practical advice for sourcing them without getting fleeced? Always good to hear from other people who've been around the block a time or two.