Finally feeling good about my gold coin investment
- •Been seeing a lot of doom and gloom lately on here, and I get it.
- •The market’s been a rollercoaster.
- •But I wanted to share a silver lining (or should I say gold lining?) from my own portfolio.
Been seeing a lot of doom and gloom lately on here, and I get it. The market’s been a rollercoaster. But I wanted to share a silver lining (or should I say gold lining?) from my own portfolio. I started buying gold coins for my IRA about 8-9 years ago. I remember putting in about $100k back then, mostly American Gold Eagles and some Canadian Maples. My buddy down in Lexington was always bragging about his real estate plays, and for a while, I felt like a country bumpkin with my heavy metal.
For years, it felt like it just sat there, maybe slowly creeping up, but nothing exciting. My horse farm here outside Louisville kept me busy, and honestly, I didn't check the numbers every day. But with all the inflation talk and the general craziness of the economy, I finally took a hard look a few weeks back. And wow. My original $100k is now sitting comfortably north of $170k. That's a pretty sweet return for something I mostly forgot about in a vault.
It’s not blowing anyone’s mind like tech stocks might have a few years back, but for a stable, long-term hold in an IRA, I’m feeling pretty darn good about it. Especially considering it's mostly been during a period where a lot of other assets have been volatile. It definitely feels like a practical, no-nonsense way to protect wealth, which is what I'm all about. I've even added another $25k to it over the last couple of months, just to round things out a bit more.
Anyone else feeling this way about their gold holdings recently? Or do you think this bump is just temporary? Curious to hear if people are still bullish on physical gold for the long haul, especially with the Fed’s next moves.