Geopolitical mess and my gold calls - feeling pretty good
- •Watching the news lately, it’s hard not to feel a bit validated in my decision to really lean into physical gold.
- •And when there's uncertainty, my old banking manager instincts kick in – you look for safe havens.
- •I started really diversifying into gold a few years back, probably around 2020/2021, when I rolled over a good chunk of my 401k into a Gold IRA.
Watching the news lately, it’s hard not to feel a bit validated in my decision to really lean into physical gold. All this brewing geopolitical nonsense, whether it’s the constant chatter about Taiwan, the mess in Ukraine, or the ripples through the Middle East, it all just screams "uncertainty" to me. And when there's uncertainty, my old banking manager instincts kick in – you look for safe havens. Gold has always been that for me, and honestly, seeing the price action lately, I'm feeling a lot calmer than I would be if my portfolio was solely riding on tech stocks or something similar right now.
I started really diversifying into gold a few years back, probably around 2020/2021, when I rolled over a good chunk of my 401k into a Gold IRA. We're talking probably a good 15-20% of my total portfolio, which for someone with a mid-six-figure account, isn't a small amount. Living in Portland, I see a lot of folks who are pretty speculative with their investments, chasing the next big thing. But I’ve always been more about capital preservation, especially after seeing so many clients get burned by market volatility during my banking days. This geopolitical stuff just underscores that need for tangible assets.
It's interesting too, because even local events, like some of the economic shakiness we've seen here in Oregon, can feel like micro-reflections of larger global instabilities. It all reinforces that gold isn't just about inflation hedging anymore; it's a genuine hedge against global chaos. I've mostly stuck to American Gold Eagles and some Canadian Maples for liquidity and recognition.
Anyone else feeling this intensified sense of "told you so" about their gold holdings with all the global unrest? Or am I just preaching to the choir here? What geopolitical flashpoints are you all watching most closely that you think will impact gold next?