Gold breaking all-time highs - is this it? Or just the
- •Well, folks, gold’s done it again.
- •Breaking records left and right.
- •My portfolio, sitting somewhere between $700k and $800k depending on the day, is looking mighty shiny right now.
Well, folks, gold’s done it again. Breaking records left and right. I’ve seen a few of these cycles over my 15 years in the game, invested pretty heavily in physical gold coins for most of that time, and can tell you this feels different. My portfolio, sitting somewhere between $700k and $800k depending on the day, is looking mighty shiny right now. I remember back in '08 when everyone was panicking, gold was my anchor. Right now, with inflation still a nagging worry and global instability, it feels like this run has more legs than just a quick spike. I’m an old oil dog from Dallas, seen enough booms and busts to know when something feels genuinely unsettling in the broader economy.
My big question is, for those of you who've been around the block, are you guys taking profits on some of your holdings? Or are you holding strong, expecting further gains? I've got a decent chunk in American Gold Eagles and Canadian Maples, and I'm honestly torn. Part of me, the more conservative side that built up a decent nest egg from the oil fields, says lock in some of those gains. The other part, the one that saw gold hit these levels before and thought "man, I wish I'd bought more back then," is whispering to hold tight for the next big jump.
I mean, what's everyone's gut feeling here? Is this the peak for a while, or is this really just the next chapter in gold's long-term upward trend? I’ve been steadily acquiring these past few years but paused my regular purchases a few months back when prices started really climbing. Thinking about whether it's time to re-evaluate and maybe even add a touch more, even at these elevated prices, or just enjoy the ride for now. What are your strategies looking like?