Gold allocation for inflation – my current strategy and looking for thoughts
- •The inflation numbers we've been seeing since then, particularly coming out of the pandemic, just screaming at me to do it.
- •It wasn’t a gut feeling so much as a cold, calculating look at the Fed’s balance sheet and government spending.
- •For me, it was a no-brainer.
I’ve been retired from the Street for a few years now, and while my portfolio isn't quite what it was in my prime, I'm still running a decent book, probably in the 2-3M range these days. Most of that is still in metals, always has been, and I actually moved a not insignificant chunk of my liquid assets into physical gold and a Gold IRA back in '21. The inflation numbers we've been seeing since then, particularly coming out of the pandemic, just screaming at me to do it. It wasn’t a gut feeling so much as a cold, calculating look at the Fed’s balance sheet and government spending. For me, it was a no-brainer.
My strategy has always been pretty simple: gold isn't about getting rich, it's about staying rich. When everyone else is scrambling with depreciating fiat, my purchasing power feels rock solid. I’m living comfortably in NYC, not stressing about a gallon of milk costing an arm and a leg, or gas prices. That peace of mind alone is worth its weight in gold, literally. I see a lot of younger folks on here talking about quick flips or chasing the next hot stock, and frankly, it gives me agita. Stability is the name of the game, especially when you're not trying to earn another dime.
Currently, my allocation is heavy on physical bullion, stored securely, and then my Gold IRA through a reputable custodian. I’ve heard some chatter recently about perhaps diversifying within the precious metals space, maybe some silver or even platinum, but I’ve always been a gold man. My question to you all, especially those of you with significant long-term holds: are you seeing anything that makes you question a primary gold allocation for inflation protection? Or is it still the undisputed king as far as you're concerned? Always interested to hear different perspectives, especially from those who don't just follow the herd.