Geopolitics and my Gold IRA - anyone else feeling this?
- •Watching the news lately, it’s hard not to feel a bit on edge.
- •I’ve been heavily into gold for years, ever since I retired from BP back in '08.
- •That financial crisis solidified my belief in hard assets, and it’s served me well.
Watching the news lately, it’s hard not to feel a bit on edge. All these flare-ups and tensions overseas, especially with what’s going on in the Middle East and Eastern Europe, it really makes you think about your investments. I’ve been heavily into gold for years, ever since I retired from BP back in '08. That financial crisis solidified my belief in hard assets, and it’s served me well. I’ve probably got around $800k-$1M in physical gold and my Gold IRA, which is a good chunk of my roughly $3M portfolio, and I'm based here in Houston.
My strategy has always been buy and hold, using gold as that bedrock of stability when everything else feels like it’s going sideways. And boy, does it feel like things are going sideways right now. We’ve seen gold prices tick up significantly during these periods of uncertainty. It's almost validating, in a way, to see my thesis play out, but simultaneously, I hate what causes it. Every time some talking head on TV starts speculating about wider conflicts, I see the spot price move, and it's a stark reminder of just how interconnected everything is.
I’m trying to decide if I should be strategically adding more to my gold position while these geopolitical winds are blowing so fiercely. My instinct is always to lean into safety during these times, and gold has always been that for me. But at what point is it too much? I remember my dad always used to say, "Don't put all your eggs in one basket, son," but then he also said, "When everyone else is running one way, consider running the other." Gold has definitely been running the other way compared to some of the more volatile markets lately.
Anyone else feeling this push and pull about geopolitical events and their Gold IRA? Are you actively making adjustments, or are you just holding steady and letting the market do its thing? I’m particularly interested in what other long-term investors are thinking, especially those who’ve ridden out a few market storms before. Any Houston folks got some local insights?