Anyone else watching gold hit new highs and feeling both
- •Gold futures just blasted through $2,400 an ounce, and part of me is doing a little jig.
- •My heavy metal holdings, mostly physical gold and a good chunk in a Gold IRA, are feeling pretty solid right about now.
- •Been accumulating since late 2022, when things were looking a bit more uncertain, and that strategy is really paying off.
Gold futures just blasted through $2,400 an ounce, and part of me is doing a little jig. My heavy metal holdings, mostly physical gold and a good chunk in a Gold IRA, are feeling pretty solid right about now. Been accumulating since late 2022, when things were looking a bit more uncertain, and that strategy is really paying off. I locked in a good chunk of my portfolio while folks were still talking about interest rate pivots and recession fears. Living in Aspen, I see a lot of folks with diverse portfolios, and it's interesting to hear the varying opinions on this surge. Some are still skeptical, buying into the "it's just a bubble" narrative, but I think this is more foundational.
My strategy has always been about long-term wealth preservation, especially with the inflation we've seen, and let's be real, the current geopolitical climate. As a real estate developer, I'm used to factoring in risk, and gold just feels like the ultimate safe haven when everything else feels a bit wobbly. I've got over $5M in physical, with another $2M in the Gold IRA. That's a serious hedge against the dollar losing its purchasing power, which, let's be honest, is a real concern these days. Anyone else feeling like the risk-off sentiment is really driving this, or do you think there's more to it?
The only thing that gives me a slight pause is how quickly it's moved. Is this sustainable, or are we due for a correction? I'm not planning on selling anytime soon – this isn't a quick flipped property for me. This is generational wealth. But it does make me wonder if others regretted not getting in earlier. If you're new to this and considering it, seriously, check out an Eligibility Checker for a Gold IRA. It saved me a lot of hassle figuring out if I qualified for certain types of physical gold inclusion. Don't leave money on the table or miss out on tax benefits if you're eligible!