Gold breaking all-time highs - anyone else feeling good (or nervous?)
- •Okay, so that gold price surge this week, topping $2,300?
- •As someone who’s got a decent hunk of my retirement portfolio in a Gold IRA, this is definitely getting my attention.
- •My total IRA is now just shy of $90k in physical holdings, mostly American Gold Eagles and some Canadian Maples.
Okay, so that gold price surge this week, topping $2,300? Holy moly. As someone who’s got a decent hunk of my retirement portfolio in a Gold IRA, this is definitely getting my attention. I’ve been building this up for the last five years or so, putting in about $15-20k annually from my government job here in Albuquerque, specifically to supplement my pension down the line. My total IRA is now just shy of $90k in physical holdings, mostly American Gold Eagles and some Canadian Maples.
On one hand, it’s validating. I followed the common advice to diversify beyond just stocks and bonds, especially with all the talk about inflation and economic uncertainty. Seeing those numbers climb is definitely a nice little hit of dopamine, you know? It feels good to see a strategy pay off. But on the other hand, it almost makes me a little nervous. Is this the peak? Should I be thinking about taking some profits, or is this just the beginning of a bigger run?
My original thinking was to just hold long-term, like for another 10-15 years until I really start tapping into my retirement funds. I don't need the money now, but the idea of "leaving money on the table" if it dips significantly after this run is definitely rattling around in my head. Anyone else in a similar boat, especially with a Gold IRA rather than just speculative holdings? What are your thoughts on this all-time high? Are you holding steady, or contemplating any moves?