Gold as an inflation hedge - my experience and questions
- •Been seeing a lot of chatter lately about inflation, and it's definitely got me thinking about my gold holdings.
- •I started my Gold IRA a few years back, probably around 2019 or so.
- •I put in a lump sum of about $50k that I had saved up, mostly just as a hedge against the kind of stuff we're seeing now.
Been seeing a lot of chatter lately about inflation, and it's definitely got me thinking about my gold holdings. I started my Gold IRA a few years back, probably around 2019 or so. I put in a lump sum of about $50k that I had saved up, mostly just as a hedge against the kind of stuff we're seeing now. My 401k is tied up in pretty standard government employee retirement funds, and while the pension is a huge comfort, I wanted something completely outside of that system as a supplement.
I'm up here in Albuquerque, and honestly, the cost of living has been climbing steadily. Groceries, gas, you name it, everything feels more expensive. I know some of you guys are all about the quick gains, but for me, this Gold IRA has always been about long-term stability and protecting my purchasing power. I'm not looking to get rich overnight, just trying to make sure I don't get poorer over the next 10-20 years before I retire.
What are everyone else's thoughts on gold as an inflation hedge right now? Are you guys increasing your allocations, or holding steady? I’ve seen my gold account hover around the 70k mark lately, which feels decent given everything going on, but I'm always wondering if I should be doing more. Any specific types of gold or silver that people are leaning into these days for inflation protection? I've mostly stuck to coins and bars, nothing too fancy.