Feeling pretty good about my gold plays right now, especially after the latest Fed talk. Anyone else?
- •Honestly contemplating buying another place in Telluride right now, or maybe just expanding the ranch outside Aspen.
- •The equity I've unlocked from my metals portfolio over the last 18 months has been truly insane.
- •That's not even counting the silver and platinum which have done respectably too.
Honestly contemplating buying another place in Telluride right now, or maybe just expanding the ranch outside Aspen. The equity I've unlocked from my metals portfolio over the last 18 months has been truly insane. I've been in gold and silver for over a decade, started with a decent chunk of change after I offloaded a few commercial properties in Denver back in '13, probably around $1.5M went into various precious metals then. My financial advisor thought I was a little nuts at the time, especially when I pulled even more out of some pretty solid REITs a few years later to double down on gold and platinum.
But man, looking at the charts today, with everything going on globally and the Fed pretty much confirming what we all knew was coming, my initial roughly $3.5M investment in physical and gold-backed ETFs is now sitting well north of $8M. That's not even counting the silver and platinum which have done respectably too. It's not just about the money, though, it’s the peace of mind. Knowing a significant chunk of my wealth isn't tied up in the whims of ever-inflating fiat currency or the volatility of the stock market is a huge weight off my shoulders, particularly with my kids getting older and thinking about their own futures.
I know some people on these forums are always quick to say diversification is key, and sure, I've got my real estate development company, and some other plays, but having such a strong foundation in gold has allowed me to be way more aggressive in those other ventures. I've seen a lot of market cycles, a lot of boom and bust, and frankly, gold has been the most consistent, reliable anchor in my portfolio. What are others seeing in their portfolios right now? Are you guys feeling the same surge, or are you waiting for more clarity from the Fed before making your next moves?