Feeling the squeeze, anyone else adding more gold to protect against inflation?
- •Okay, so watching my grocery bill climb feels like a punch to the gut every week.
- •Especially running an agriculture business here in Fresno, I'm seeing firsthand how much everything costs.
- •Started my Gold IRA a few years back, got about $75k in there now, mostly proof coins and some 1oz Eagles.
Okay, so watching my grocery bill climb feels like a punch to the gut every week. Especially running an agriculture business here in Fresno, I'm seeing firsthand how much everything costs. Always been a real assets kind of guy – hard to argue with a truck full of peaches or a block of gold when you look at some of the paper promises out there. Started my Gold IRA a few years back, got about $75k in there now, mostly proof coins and some 1oz Eagles. Been feeling pretty good about that decision lately, especially with all the talk about inflation not being "transitory" anymore.
My big question for you all is, what are your strategies for really making sure your gold is doing its job as an inflation hedge? I'm thinking about adding another $10-15k this quarter, maybe some bars this time for sheer weight. Part of me worries about diversification, but then I look at the dollar and just feel a stronger pull towards more physical. Anyone else in a similar boat, just feeling like you need more hard assets to sleep at night?
Also, on a slightly related note – I'm still a good decade or so out from needing to worry about RMDs, but I've been trying to get my head around them. Spoke to my guy about it, but the whole process seems a bit dense. Heard about this RMD Calculator online and was wondering if anyone here has used it for their Gold IRA? Is it actually helpful for getting a rough idea of what those distributions might look like down the line? Any tips on making that less of a headache when the time comes would be appreciated.
Just trying to make sure I'm setting myself up for the long haul here. It's not just about protecting profits; it's about making sure my family is secure, especially with how volatile everything feels nowadays.