Gold at all-time highs... now what? Seriously, y'all.
- •Okay, so gold finally punched through the $2,100 barrier and is just ripping right now.
- •I've been in this game for about 15 years, primarily in Gold IRAs, and even I'm surprised by the speed of this move.
- •My personal gold allocation is sitting pretty sweet right about now, probably up north of 15% this year alone on my physical holdings.
Okay, so gold finally punched through the $2,100 barrier and is just ripping right now. I've been in this game for about 15 years, primarily in Gold IRAs, and even I'm surprised by the speed of this move. My personal gold allocation is sitting pretty sweet right about now, probably up north of 15% this year alone on my physical holdings. I'm based here in Dallas, Texas, and honestly, the chatter around the oil patch about inflation and potential recession has been growing deafening for months, so it’s not entirely unexpected, but still, seeing it happen is different.
My portfolio is roughly $800k, and a decent chunk of that is in precious metals. I always maintained gold as my "sleep at night" allocation, a hedge against the craziness. And let me tell you, with everything going on both domestically and globally, I've been sleeping like a baby. My question is, for those of you who've been around the block a few times, do we see this run continuing? Is this sustainable, or are we due for a hefty correction here after breaking new ground?
I know some folks are probably looking at taking profits, and that's a valid strategy. I remember the run-up after 2008, and while it was strong, there were plenty of dips. My instinct, given the current geopolitical climate and the sheer amount of debt piling up, is that this isn't just a speculative bubble. It feels like a genuine flight to safety. But then again, I've got that oil industry skepticism baked in – always looking for the next downturn, even when things are booming.
What are y'all thinking? Are you holding firm, adding more on dips (if they even come), or are you trimming your positions? Especially curious to hear from anyone else who has a significant chunk of their retirement in precious metals. How are you navigating these uncharted waters?