Feeling pretty good about my gold coins right now, anyone else?

David Brown

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🪙 Gold Coins

Feeling pretty good about my gold coins right now, anyone else?

david_brown💎Premium (500k-1m)

about 1 month ago

Key Takeaways

•With all the recession chatter picking up again, I'm feeling particularly smug about my gold coin allocation in my IRA.
•I'm a doctor up here in Boston, and my ~700k portfolio is pretty diversified.
•But man, having that chunk – about 10% – in physical gold coins just feels like such a solid move right now.

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With all the recession chatter picking up again, I'm feeling particularly smug about my gold coin allocation in my IRA. I'm a doctor up here in Boston, and my ~700k portfolio is pretty diversified. But man, having that chunk – about 10% – in physical gold coins just feels like such a solid move right now. I remember back in 2008 watching my stocks just fall off a cliff and wishing I'd had some more tangible assets. This time, I feel a lot more prepared, even if things do get ugly.

I definitely went with coins over bars after a lot of research, mainly for the liquidity and divisibility. Plus, they just look cool, which is a bonus. I've been slowly accumulating them over the past five years, dollar-cost averaging my way in, and it's been interesting to see the price fluctuations. Frankly, I don't check it daily like my stocks. It's more of a long-term, bedrock investment for me.

I know some people bash precious metals for not generating income, and I get that. But for me, it's about capital preservation and having a hedge against inflation and economic uncertainty. It’s part of my "sleep at night" strategy, and right now, I'm sleeping pretty soundly. Anyone else feeling this way about their gold holdings as the economic forecasts get grimmer?

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5 comments

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Best Answer▲ 10 upvotes

nancy_hall💰Established (100-250k)

I hear you on the satisfaction of having some gold, especially when the economic winds get choppy. However, I always wonder about the "smug" feeling. Gold is great for hedging against inflation and uncertainty, but it's not exactly a growth engine. Are you sacrificing potential gains for that peace of mind, especially with only 10% of a portfolio that size? Just something to consider, but hey, if it helps you sleep at night, that's worth something too!

Comments (5)

diane_bailey💰Established (100-250k)Real Investor•about 1 month ago

Totally feel this! I'm in a similar boat, though smaller portfolio. Had a bit of a panic when the market dipped hard a while back, but my physical silver (I know, not gold, but same idea!) in my IRA was a huge comfort. Just knowing it's there, tangible, makes a world of difference when everything else is fluctuating wildly. Glad to hear you're feeling good about your choices too!

jason_morgan💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

That's awesome you're feeling good about your allocation. Boston doctor, huh? Just curious, what percentage of that 10% in physical gold is specifically in coins versus, say, bars or other forms? Did you choose coins for a particular reason, like divisibility or recognition?

nancy_hall💰Established (100-250k)Real Investor•about 1 month ago

I hear you on the satisfaction of having *some* gold, especially when the economic winds get choppy. However, I always wonder about the "smug" feeling. Gold is great for hedging against inflation and uncertainty, but it's not exactly a growth engine. Are you sacrificing potential gains for that peace of mind, especially with only 10% of a portfolio that size? Just something to consider, but hey, if it helps you sleep at night, that's worth something too!

janet_cook📊Growing (50-100k)•about 1 month ago

Definitely. Just sold off a chunk of my 2018 Eagles that I bought at a pretty good dip, locking in some nice gains. Reallocated a portion into some fractional platinum bars – trying to diversify the precious metals while the gold market is hot. Always good to take some profits off the table when the opportunity arises.

ruth_perez📊Growing (50-100k)•about 1 month ago

Yeah, feeling pretty good myself, especially with the inflation numbers coming out. I'm sitting on about 80k in physical gold and silver allocated with Augusta Precious Metals, and it's been a steady rock. For anyone looking to track their precious metal values daily without all the manual input, I recently stumbled upon this pretty slick portfolio tracker from Monex – it’s a game-changer for seeing your real-time holdings. Makes me sleep a little easier here in Albuquerque.

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