Feeling the squeeze, considering more gold for inflation protection - thoughts?

Betty King

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Feeling the squeeze, considering more gold for inflation protection - thoughts?

betty_king📊Growing (50-100k)

about 1 month ago

Key Takeaways

•Lately, with all the talk about inflation and seeing prices just keep climbing, I'm seriously thinking about adding more gold to my IRA.
•My late husband was always so good with our finances, and I want to make sure I'm doing right by the legacy he left for us.
•I've got a good chunk in there now, probably around $60k of our total $85k portfolio, mostly in some well-established Gold IRA companies and coins.

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Lately, with all the talk about inflation and seeing prices just keep climbing, I'm seriously thinking about adding more gold to my IRA. My late husband was always so good with our finances, and I want to make sure I'm doing right by the legacy he left for us. I've got a good chunk in there now, probably around $60k of our total $85k portfolio, mostly in some well-established Gold IRA companies and coins. It's been a steady hand through some rocky times these past few years.

I live here in Raleigh and the cost of everything, from groceries to home repairs, just feels like it's spiraling. I remember him always saying gold was the ultimate hedge, especially when the dollar starts to feel a bit shaky. The part of me that wants to play it safe is screaming to put more into something tangible, something that historically holds its value when everything else goes wild. My financial advisor has been good, but I feel like I need to hear from people who are actually living this and making these decisions.

For those of you with Gold IRAs, especially if you're leaning more heavily into gold for inflation protection, how are you feeling about your allocation right now? Are you buying more? Holding steady? Or are you diversifying into other inflation-resistant assets? I'm trying to be smart and thoughtful about this decision, especially since it's precious money he worked so hard for. Any advice or experiences would be so appreciated.

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3 comments

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Best Answer▲ 8 upvotes

kenneth_parker💎Premium (500k-1m)

Hey there. I totally get the feeling of wanting to protect what your husband worked hard for, especially with inflation being what it is. It's smart to be proactive.

You mentioned having a "good chunk" in there now, but I'm curious – what percentage of your overall IRA would that be? Just trying to get a sense of your current allocation.

Comments (3)

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Totally get where you're coming from. My grandpa actually did something similar back in the day, not with an IRA but just buying physical gold during a really volatile economic period. Said it was the only thing that felt safe and steady. It ended up being a really smart move for him. I've definitely been eyeing my own portfolio and wondering if I should follow suit with some more precious metals myself, just for that peace of mind.

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•about 1 month ago

Hey there. I totally get the feeling of wanting to protect what your husband worked hard for, especially with inflation being what it is. It's smart to be proactive.

You mentioned having a "good chunk" in there now, but I'm curious – what percentage of your overall IRA would that be? Just trying to get a sense of your current allocation.

david_brown💎Premium (500k-1m)Real Investor•about 1 month ago

It's totally understandable to feel that instinct to stack more gold when inflation fears are high. It's a classic move, and your husband's financial wisdom is a great foundation.

However, I'd gently suggest also looking at how truly diversified your overall portfolio is beyond gold. While it's great for inflation protection, sometimes having too much of any single asset, even a historically great one, can limit other growth opportunities. Maybe a chat with a financial advisor about your specific situation could offer some fresh perspectives on balancing that protection with growth?

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