Geopolitics and gold in Louisville - what's everyone seeing?
- β’Been thinking a lot lately about how all this global instability is going to keep pushing gold.
- β’Seemed like a no-brainer then, and I'm feeling pretty good about that decision now, especially with everything going on overseas.
- β’Iβve seen some decent gains, but Iβm wondering if weβre just at the beginning of a bigger run.
Been thinking a lot lately about how all this global instability is going to keep pushing gold. I got into a Gold IRA a few years back, maybe four years ago now, after the market felt a bit squirrely, and I parked about $150k of my retirement funds in it. Seemed like a no-brainer then, and I'm feeling pretty good about that decision now, especially with everything going on overseas. Iβve seen some decent gains, but Iβm wondering if weβre just at the beginning of a bigger run.
I run a horse farm out here near Louisville. Weβve had a few years of decent sales, but you know how it is β one bad harvest or a recession hits, and suddenly everyoneβs tightening their belts, even on their passion projects. Thatβs why I liked the idea of something tangible and insulated from the everyday market fluctuations. Gold has always felt like a safe bet when the world gets crazy, and right now, it feels pretty crazy.
What are yβall seeing out there? Are you adjusting your allocations based on the news coming out of Europe or the Middle East? Iβve mostly been invested in common gold bullion coins and bars, but Iβm considering adding some more unique numismatic coins if the trend continues. Thinking about maybe another $50k or so if the market pullback gives me a good entry point. For those of you whoβve been in this game longer, how do you typically time these geopolitical spikes?
My advisor has been pretty bullish on gold for a while now, but it's good to hear from folks who are actually living through these decisions. Any and all insights are appreciated!