Anyone else watching the Mideast with a gold eye?
- •The saber rattling coming out of the Mideast right now has me wondering what everyone else is thinking about gold prices.
- •I mean, it feels like we're on a knife's edge over there, and every time I see something new pop up, my gut reaction is to check the spot price.
- •The gains over the last 5 years alone have been substantial, definitely outperforming some of my more "stable" REITs.
The saber rattling coming out of the Mideast right now has me wondering what everyone else is thinking about gold prices. I mean, it feels like we're on a knife's edge over there, and every time I see something new pop up, my gut reaction is to check the spot price. I've been in real estate development for 30 years, and I've seen enough economic cycles to know that geo-political instability is a huge mover of precious metals. I've had a significant chunk of my portfolio in physical gold and silver for about 15 years now – probably north of 20% of my roughly $5M liquid assets – and it's been a great hedge. The gains over the last 5 years alone have been substantial, definitely outperforming some of my more "stable" REITs.
I'm based in Aspen, and honestly, the conversations at the club usually revolve around powder days or new private jet models, not necessarily the complexities of Middle Eastern politics impacting commodities. But for those of us who have real holdings, it's a constant consideration. I remember back in '08, when everything was going sideways, gold was my anchor. It's times like these, with so much geopolitical flux, that I really appreciate having that physical safety net.
So, for those of you who are paying close attention, are you adjusting your allocations at all? Or are you just holding steady, expecting the current tensions to either blow over or solidify gold's position even further? I'm debating whether to pour another 100-200k into heavier bars or just ride this wave out. Any thoughts on potential triggers that could send us significantly higher, or conversely, what could temper the current upward trajectory?