Gold ATHs - Feeling pretty good, but what's next?
- •Okay, so gold just blew past $2,400 and is setting new all-time highs pretty much every other day.
- •I've been sitting over here in El Paso, watching my Gold IRA tick up, and I gotta say, it feels pretty damn good.
- •I opened this account probably 3-4 years ago when things were a lot more stable.
Okay, so gold just blew past $2,400 and is setting new all-time highs pretty much every other day. I've been sitting over here in El Paso, watching my Gold IRA tick up, and I gotta say, it feels pretty damn good. I opened this account probably 3-4 years ago when things were a lot more stable. I started with about $100k rolling over an old 401k, and then added another $50k or so a couple years back when I had a good quarter with my import/export business. Now, it's pushing $170k, maybe even a little more depending on the day's action.
My initial thought was always long-term stability, a hedge against the kind of weirdness we're seeing globally. Living on the border, I'm pretty attuned to international dynamics and economic uncertainty, so physical gold in an IRA just felt like a no-brainer. It's done its job and then some. My wife, who usually just rolls her eyes when I talk about precious metals, even gave me a nod this morning. That's a win in itself, believe me.
But now I'm kinda scratching my head. Do I just let it ride? The geopolitical stuff isn't calming down, and the dollar feels… squishy. Inflation isn't going anywhere either. Part of me wants to double down, maybe add another $20-$30k if this upward trend looks sustainable. But then the other part of me, the one that’s seen markets get frothy before, wonders if this is a peak or just another leg up on a much longer journey. What are others thinking?
Are any of y'all in a similar boat? Did you buy in lower and are now wondering about profit-taking, or are you just holding for dear life (or dear retirement, I guess)? Is this a sign to rebalance, or to lean in harder? Would love to hear some diverse perspectives on this, especially if you're holding a similar allocation percentage.