Does anyone else feel like gold is just biding its time right now?
- •I've been watching gold prices pretty closely lately, as I'm sure most of us here have.
- •Feels like things have been a bit stagnant, or at least not the explosive growth we sometimes hope for, you know?
- •My portfolio is mostly in physical gold through an IRA – probably around $200k of it at this point.
I've been watching gold prices pretty closely lately, as I'm sure most of us here have. Feels like things have been a bit stagnant, or at least not the explosive growth we sometimes hope for, you know? My portfolio is mostly in physical gold through an IRA – probably around $200k of it at this point. I started building it up after the 2008 crash when I was still teaching in Phoenix. That whole economic meltdown really put the fear of god into me about traditional investments, and I figured a hard asset was the way to go.
My strategy has always been for the long haul, using gold as a hedge against inflation and market volatility. I'm retired now, so capital preservation is even more important to me. But sometimes I look at the daily charts and wonder if I should be doing more. Am I being too conservative just sitting on it? Or is this just the calm before the storm, and I should be glad I diversified when I did? I remember getting a good deal on some American Gold Eagles back in the day, wishing I'd bought even more now.
What are your thoughts on the current gold market movements? Are you seeing anything that makes you want to adjust your holdings? I'm not looking to day trade, obviously, but just trying to gauge the temperature of the room. Sometimes it feels like the big financial news outlets downplay gold, and I trust the insights here more. Would love to hear if anyone feels similar or has a different perspective.