Gold at ATHs - time to cash out or double down?
- •Okay, so gold just smashed through $2,400.
- •Not gonna lie, seeing those numbers pop up on the screen this morning actually made me do a double-take while I was having my coffee.
- •My old man always drilled it into me: hard assets, especially gold, are the real bedrock, especially with how wonky things feel globally.
Okay, so gold just smashed through $2,400. Not gonna lie, seeing those numbers pop up on the screen this morning actually made me do a double-take while I was having my coffee. I've been sitting on a pretty decent chunk of physical gold in my SDIRA for a few years now – probably around $350k wrapped up in various allocations, mostly coins and bars. My old man always drilled it into me: hard assets, especially gold, are the real bedrock, especially with how wonky things feel globally. He saw what happened to folks losing everything in the early 2000s when tech took a dive, and the timber market here in Spokane has had its fair share of ups and downs over the decades, so I tend to agree.
Most of my investments are long-term plays, focusing on generational wealth building rather than day-trading. That means I'm not usually sweating every market fluctuation. But this feels different. We're at uncharted territory. Part of me is thinking, "This is it, the big one," and maybe taking some profits off the table and reallocating a portion into something else, maybe some silver or even real estate here in the PNW while the interest rates are still a bit high and buyers get cold feet. But then the other part of me, the one channeling my grandfather's "hold onto your sawmills for dear life" mentality, is wondering if this is just the beginning of a much bigger parabolic move brought on by all the geopolitical instability and central bank shenanigans.
I'm genuinely torn. On one hand, booking some profit feels prudent, especially heading into potentially turbulent election years. On the other, the narrative for gold seems stronger than ever. The dollar's strength feels artificial, inflation is sticky, and frankly, I don't trust government spending right now. What are you all doing? Are any of you who've been in the game for decades (or even just a few years) thinking about trimming your positions, or is this a signal to just buy more on any dip?