Finally feeling vindicated about my gold play with these inflation numbers
- •Honestly, watching the news lately is validating decisions I made years ago.
- •Remember back in 2021-2022 when everyone was saying inflation was "transitory"?
- •That's when I really leaned into my Gold IRA.
Honestly, watching the news lately is validating decisions I made years ago. Remember back in 2021-2022 when everyone was saying inflation was "transitory"? I was sitting here in Dublin, OH, looking at the money supply chiffres, the government spending, and thinking, "There's no way this isn't going to bite us eventually." It felt like everyone was high on hopium, and I was the party pooper talking about preserving wealth.
That's when I really leaned into my Gold IRA. I'd already cashed out of my tech startup a few years prior, so I had a decent chunk of change sitting around – probably in the mid-seven figures by then. I moved a significant portion of that, probably around $1.5M, into physical gold within my Roth IRA. My financial advisor at the time thought I was being overly cautious, suggesting I was missing out on market gains. But after grinding for 15 years to build and sell my company, the last thing I wanted was to see that capital evaporate because of irresponsible fiscal policy. I wanted a tangible asset.
Now, with these inflation reports hitting and everything from groceries to gas costing an arm and a leg, I'm genuinely relieved. It’s not about cheering for economic hardship, obviously, but knowing I protected a good chunk of my retirement nest egg against this erosion feels pretty damn good. My parents always talked about the value of gold during uncertain times, and I guess some lessons stick. My portfolio, specifically the gold portion, has been a rock while other assets have been a bit more volatile.
Anyone else feeling this way? Or did you load up on gold more recently in anticipation? I'm curious what others' timelines and motivations were for getting into Gold IRAs, especially as inflation concerns grow.