Finally feeling good about my long gold play

Frank Rivera

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Finally feeling good about my long gold play

frank_rivera💎Premium (500k-1m)

about 5 hours ago

Key Takeaways

•Just wanted to share a little something that's been on my mind.
•We're talking maybe $150k-$200k at this point, all told.
•There were definitely times, especially the last few years, when I wondered if I was being too cautious.

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Just wanted to share a little something that's been on my mind. For years, pretty much since I retired from the Navy and moved back to Honolulu, I've had a decent chunk of my portfolio, about 15-20%, in physical gold and silver within my Gold IRA. We're talking maybe $150k-$200k at this point, all told. There were definitely times, especially the last few years, when I wondered if I was being too cautious. Friends here on the island would brag about their tech stocks or real estate down on Maui, and I'd just nod, thinking about my shiny, unmoving bullion.

But man, watching the global economy lately, especially with everything shaking up in the Pacific rim, I'm feeling a lot more confident. It’s like I saw the writing on the wall, even if it took a while for everyone else to catch up. When I look at the volatility now, the news coming out of China, the ongoing tensions – that stability gold offers, it just hits different. I’m not saying I'm going to be a millionaire overnight from it, but the peace of mind knowing that portion of my wealth isn't subject to the wild swings of the market is priceless. It feels like the ultimate insurance policy for what could be some rocky years ahead.

Anyone else feeling this way? Or have I just been living in my own little goldbug bubble out here in paradise? I'm curious what other long-term gold investors are seeing and feeling right now. And on another note, speaking of retirement, I'm starting to get serious about my RMDs approaching. Found a pretty neat tool recently, an RMD Calculator, that I’ve been messing around with to figure out what percentages I'll need to start pulling in a few years. It's been pretty helpful for planning.

It's not about being rich from gold, it's about being secure. And right now, that security feels pretty damn good, especially when you've got memories of currency devaluations from deployments overseas.

5 comments

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Best Answer▲ 9 upvotes

betty_king📊Growing (50-100k)

That's awesome you're feeling good about your gold position! I totally get the peace of mind it can bring, especially with all the economic uncertainty these days.

My only thought, and this is just my own perspective, is that 15-20% feels like a pretty chunky allocation for something that generally doesn't produce income or much in the way of capital gains over the long, long haul. I'm all for diversification, but sometimes I wonder if that much locked into gold might be missing out on other growth opportunities. But hey, if it helps you sleep at night, that's priceless!

Comments (5)

janet_cook📊Growing (50-100k)•less than a minute ago

Totally get this feeling! I started my Gold IRA a few years back, not as aggressively as you, but with a similar mindset about diversification. There were definitely times I questioned it, especially seeing other investments pop, but now... yeah. I'm feeling a lot more confident in that move. It's nice to have that peace of mind, isn't it?

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

That's awesome you're feeling good about your gold position! I'm curious, when you say "all t", what exactly are you referring to? Did you mean "all tangible" or something else?

betty_king📊Growing (50-100k)•less than a minute ago

That's awesome you're feeling good about your gold position! I totally get the peace of mind it can bring, especially with all the economic uncertainty these days.

gary_stewart📊Growing (50-100k)•less than a minute ago

That's awesome to hear you're feeling good about your gold play! It's always great when your investments align with your peace of mind, especially after putting in the work.

One thing that's really helped me with my Gold IRA is having a clear understanding of the storage and insurance details. If you haven't already, take a moment to review your depository's insurance policy to ensure it covers the full replacement value of your metals. Sometimes folks overlook the specifics, and it can be a good proactive step. Cheers to your continued success!

charles_lewis💎Premium (500k-1m)Real Investor•less than a minute ago

Totally feel this! I've been in a similar boat, maybe not quite as long but for a good 7-8 years now with about 10-15% of my retirement in gold. It's been a slow burn, but with everything going on lately, it definitely feels like that long-term vision is finally paying off. Nice to see someone else seeing the value too.

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