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    Getting a little antsy with gold lately, anyone else? And

    Key Takeaways
    • Been watching the gold price pretty closely the past few weeks, and gotta say, it's making me a little antsy.
    • I’ve currently got about 15% of my 700k portfolio in a Gold IRA, mostly American Gold Eagles and some Canadian Maples.
    • I set that up a few years ago when I first started thinking seriously about succession planning for my logistics company here in Memphis.
    See what your 401(k) could look like in gold

    Been watching the gold price pretty closely the past few weeks, and gotta say, it's making me a little antsy. I know it's climbed a good bit this year, and that's great for my portfolio, but seeing the recent dips then quick recoveries, it feels a bit… volatile compared to what I'm used to. I’ve currently got about 15% of my 700k portfolio in a Gold IRA, mostly American Gold Eagles and some Canadian Maples. I set that up a few years ago when I first started thinking seriously about succession planning for my logistics company here in Memphis. Wanted a good hedge against inflation and market uncertainty as I look to wind down over the next 5-7 years.

    My original thought was just to hold long-term, essentially until I step away completely from the business, aiming for capital preservation rather than aggressive gains. But now I'm wondering if I should be more active. I’ve seen some analyses suggesting we could see gold push $2500, maybe even $3000 this year with all the geopolitical stuff and central bank buying. If that happens, part of me wants to lock in some of those profits. On the flip side, what if I sell and it just keeps climbing?

    My current strategy for 2024 is to reassess once it hits $2400. If it stabilizes there for a solid few weeks, I might consider taking 25% of my gold holdings and diversifying into a few solid dividend-paying stocks, or even exploring some regional real estate opportunities here in the Southeast. Not looking to dump it all, but maybe rebalance a bit. The thought of potentially leaving some serious profits on the table if I just sit on it is bugging me. Anyone else in a similar boat, or got any insights on how you’re managing gold in your portfolio right now?

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    15 comments

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    Best Answer▲ 19 upvotes
    G
    gary_stewart📊Growing (50-100k)
    @Karen Robinson I totally get that antsy feeling, even with a larger balance. My own Gold IRA, which is hovering around the $75k mark here in Fresno, has definitely seen its share of plateaus these last few months. What helped me shift my perspective was focusing less on day-to-day fluctuations and more on the long-term hedge against inflation and market volatility. I actually used the RMD Calculator last week to get a better handle on future distributions, and seeing those numbers helped solidify the "why" behind my investment. It's a different kind of growth than stocks, but invaluable for peace of mind as I approach retirement.

    Comments (15)

    4
    jennifer_martinez💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    Totally feel this! The last few weeks have been a bit of a rollercoaster, haven't they? I had a similar feeling back in 2020. My portfolio was looking good after a solid run, then it dipped a bit and I seriously considered trimming some, but I held firm. Glad I did!

    7
    carol_carter💰Established (100-250k)Real Investorabout 2 months ago

    Totally get what you mean about the antsy feeling. Always a bit nerve-wracking when it's up then down. You mentioned your 2024 strategy... are you planning on holding through these dips or making any adjustments to your allocation based on current movements?

    7
    elizabeth_johnson💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    Totally get the feeling when you see those dips after a run up, it can be a bit unnerving. But honestly, for a long-term play like a Gold IRA, a little volatility isn't necessarily a bad thing. Think of it as a chance to average down if you're still contributing, or just a normal market correction. Gold isn't usually the "get rich quick" asset, it's more about preserving wealth through different economic cycles. Just my two cents!

    9
    catherine_bell🏆Advanced (250-500k)Real Investorabout 2 months ago

    Totally get that antsy feeling! It's natural when you see those dips after a strong run. One thing that helps me keep perspective during these times is looking at the bigger picture and historical trends. This chart on the stocks-to-gold ratio can be a really interesting way to see how gold stacks up over the long term, and often helps put short-term fluctuations into context. Might be a useful tool for your 2024 strategy!

    1
    linda_taylor📊Growing (50-100k)✓ Verifiedabout 2 months ago

    Totally feel this! The recent dips always make me do a double-take, even though I know it's a long-term play. I'm actually up about 12% on my gold IRA since I opened it late last year, so I'm trying to just focus on that overall growth and not the daily wiggles. It does make you second guess though, for sure!

    18
    sharon_evans💰Established (100-250k)Real Investorabout 2 months ago

    This "gold is boring" sentiment pops up every 6-12 months, and honestly, it always makes me smile. I remember back in 2011-2012, when I first started looking at precious metals, everyone I knew in Tulsa was chasing tech stocks and crypto, scoffing at my plan to put a good chunk of my portfolio, about $150k at the time, into physical gold for my IRA. They’re not scoffing anymore; that stability and slow, steady growth has been a godsend, especially with the wild swings we’ve seen elsewhere in the last few years. My 2024 strategy is simply to stay the course.

    12
    donald_nelson💎Premium (500k-1m)Real Investor✓ Verifiedabout 2 months ago

    Totally get the antsy feeling, especially with everything going on. I've been feeling pretty good about my gold play in my IRA, though. Being based here in Detroit, I've seen enough economic uncertainty to appreciate having that bedrock. If you're near retirement, the RMD Calculator is super helpful for planning payouts – it really helped me map out my strategy for my ~750k portfolio.

    14
    laura_sanchez💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    It's understandable to feel a little antsy with how unpredictable things have been lately, but for me, my gold IRA has been a steady ship through the choppy waters. I did a 401k rollover into precious metals back in 2020 – best decision I ever made for my retirement savings, honestly. The tax advantages alone are a game-changer, especially living out here in El Paso where every dollar counts.

    16
    michael_anderson🏆Advanced (250-500k)Real Investorabout 2 months ago

    Man, I'm absolutely with you on the antsy feeling. Just got my first significant chunk into a Gold IRA earlier this year – about 300k, mostly from some stock market gains I wanted to derisk – and I'm still trying to figure out if my timing was good or if I should have waited. What kind of returns are you guys generally aiming for with gold, and what are those 2024 strategies looking like beyond just *holding*?

    3
    donna_rogers🏆Advanced (250-500k)Real Investorabout 2 months ago

    Glad to see others talking strategy; I've been through a few cycles with gold over the decades, and while the day-to-day can feel like watching grass grow, the long game rarely disappoints. Remember back in '08, when everyone was dumping everything else, my allocation kept its head above water and then some. I'm personally looking at some strategic rebalancing later this year – maybe put another 50k into physical bars if this current dip continues, then just let it ride like I did in the mid-90s.

    13
    karen_robinson💼Starter (0-50k)about 2 months ago

    OhioDave Honestly, I feel that antsy feeling sometimes too, especially after seeing my small gold IRA balance not move much. What helped me was breaking my initial ~$15k investment into smaller, scheduled buys over 6 months instead of one lump sum last year; it really smoothed out the volatility apprehension. Thinking about starting another small allocation with my tax refund this spring.

    17
    matthew_murphy👑Elite (1m-5m)Real Investorabout 2 months ago

    @Donald Nelson I hear you, and it's good to feel secure. From my little corner of Dublin, OH, I've honestly started to wonder if the "gold is the only true hedge" mantra might be a bit...overdone for the average investor right now. Don't get me wrong, I've got a tidy sum in my Gold IRA – somewhere in the low seven figures – and it’s been a solid anchor for a decade, especially after running it through the Best Gold IRA Companies comparison over at goldirablueprint.com/best-gold-ira-companies/ before I picked my custodian. But lately, with all the AI advancements and shifts in global power, I'm finding myself allocating more to diversified tech and less to additional physical. It feels like we're always fighting the last war, you know?

    19
    gary_stewart📊Growing (50-100k)about 2 months ago

    @Karen Robinson I totally get that antsy feeling, even with a larger balance. My own Gold IRA, which is hovering around the $75k mark here in Fresno, has definitely seen its share of plateaus these last few months. What helped me shift my perspective was focusing less on day-to-day fluctuations and more on the long-term hedge against inflation and market volatility. I actually used the RMD Calculator last week to get a better handle on future distributions, and seeing those numbers helped solidify the "why" behind my investment. It's a different kind of growth than stocks, but invaluable for peace of mind as I approach retirement.

    3
    carol_carter💰Established (100-250k)Real Investorabout 2 months ago

    Look, I get the antsy feeling, been there myself more times than I can count over the last 20 years. But every time I've considered bailing or significantly cutting back, history reminds me why I started. I remember back in '08, everyone was clamoring to buy, then things cooled, and many panicked, only to kick themselves a few years later. I've always viewed my gold as the ultimate "break glass in case of emergency" fund, keeping about 15% of my portfolio in it, and honestly, the peace of mind living in Omaha has been worth more than any short-term gains I might have chased elsewhere.

    7
    jennifer_martinez💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    Always good to see a thread like this pop up. Honestly, after seeing my 401k take a hit *again* earlier this year, watching the gold I rolled over into my IRA actually *grow* has been a huge stress reliever. Thanks for sharing your 2024 strategy – it’s given me some fresh ideas to think about for my own holdings here in Miami.

    The biggest mistake retirees make with their 401(k)

    Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

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