Feeling pretty good about my gold allocation given current CPI numbers

Ronald Morris

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Feeling pretty good about my gold allocation given current CPI numbers

ronald_morris👑Elite (1m-5m)

about 10 hours ago

Key Takeaways

•Just saw the latest CPI print and, frankly, I'm feeling pretty vindicated about my gold IRA.
•I started building out that position seriously back in 2021 when all the talk of "transitory" inflation just didn't sit right with me.
•My financial advisor initially balked a bit, wanted to keep it more diversified in other "diversifiers," but I pushed for the gold.

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Just saw the latest CPI print and, frankly, I'm feeling pretty vindicated about my gold IRA. I started building out that position seriously back in 2021 when all the talk of "transitory" inflation just didn't sit right with me. After 30 years in the Navy, you develop a certain discipline, a certain way of looking at risks that a lot of folks seem to miss when the market's humming along. My portfolio is in that $2-3 million range, and while a good chunk is in traditional equities and real estate here in Virginia Beach, I've got a solid 10% in physical gold within my IRA.

My financial advisor initially balked a bit, wanted to keep it more diversified in other "diversifiers," but I pushed for the gold. My reasoning was simple: historical precedent. Fiat currencies have a track record, and it's not always pretty. Gold, on the other hand, has always been a reliable store of value when the printing presses get going. Seeing prices at the grocery store and the gas pump these days, I'm just glad I pulled the trigger then.

For those of you who've been through a few cycles, what's your take? Are you seeing gold as a long-term inflation hedge, or more of a short-term play? I'm committed to my position, but I'm always interested in other perspectives. Are any of you looking to add more given recent economic indicators, or perhaps rebalancing away from it now that some fear seems to have subsided?

3 comments

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Best Answer▲ 9 upvotes

mark_adams👑Elite (1m-5m)

Hey, I get the sentiment, and it's definitely satisfying to see conviction pay off. But let's not get too far ahead of ourselves just yet. Gold can be a good inflation hedge, but it's not always a 1:1 correlation, and there are other factors at play. Sometimes gold reacts more to interest rate expectations or global instability than just the CPI.

I'm not saying it's a bad move, but let's keep an eye on the bigger picture beyond just inflation numbers. Diversification beyond gold is still key, even for those inflation-hawkish among us.

Comments (3)

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

Totally get this feeling! I pulled the trigger on my gold IRA in late 2020 for similar reasons – felt like things were getting a bit too wild with the money printing. Seeing these CPI numbers now, it's definitely a relief to know that part of my portfolio is sitting pretty. Good on you for trusting your gut back then!

dorothy_lopez💰Established (100-250k)Real Investor•less than a minute ago

Hey, that's awesome you had the foresight to get into gold ahead of time. Quick question for you: when you say "building out that position seriously," were you doing regular contributions or more like one-time larger buys when you saw specific dips?

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

Hey, I get the sentiment, and it's definitely satisfying to see conviction pay off. But let's not get too far ahead of ourselves just yet. Gold *can* be a good inflation hedge, but it's not always a 1:1 correlation, and there are other factors at play. Sometimes gold reacts more to interest rate expectations or global instability than just the CPI.

I'm not saying it's a bad move, but let's keep an eye on the bigger picture beyond just inflation numbers. Diversification beyond gold is still key, even for those inflation-hawkish among us.

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