Geopolitics and gold - what are you seeing with current events?
- •Been watching the news cycles lately, and it's making me wonder what everyone else is thinking about gold.
- •With all the stuff kicking off in the Middle East and the general instability everywhere else, it feels like we're in for a wild ride.
- •The silver has been doing okay, but it’s really the gold I’m focused on as a safety play.
Been watching the news cycles lately, and it's making me wonder what everyone else is thinking about gold. With all the stuff kicking off in the Middle East and the general instability everywhere else, it feels like we're in for a wild ride. In my 30+ years in the steel industry back in Birmingham, you get a feel for how commodities react to global unease, and right now, gold just smells like it's about to make some serious moves.
I put about $350k of my portfolio into a Gold IRA a few years back, mostly in bullion, but I've also got a decent chunk of silver coins – Eagles and Maples, mostly. The silver has been doing okay, but it’s really the gold I’m focused on as a safety play. Historically, when the world goes sideways, gold shines. I'm just trying to gauge if others are seeing the same signals I am and if you're positioning yourselves differently.
Are any of you making moves based on the current geopolitical climate? Are you adding more physical gold or silver? Or are you diversifying into other assets as well? My gut tells me this isn't a short-term blip, and the safe-haven demand for gold is only going to increase, especially with inflation still lingering and the dollar potentially weakening in the long run. What are your thoughts on a realistic price target if things escalate further?
Just trying to get a sense of the collective pulse here. It's one thing to read analyst reports, but hearing from other actual investors with skin in the game always gives a better perspective.