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    Gold breaking all time highs - what now?

    B
    brian_edwards🌟Ultra (5m+)
    about 2 months ago
    Key Takeaways
    • Gold's doing it again, another all-time high.
    • $2,279 this morning before pulling back slightly.
    • Started really getting into it back when the GFC hit.
    See what your 401(k) could look like in gold

    Gold's doing it again, another all-time high. $2,279 this morning before pulling back slightly. I’ve been stacking metal for a while now, probably 15 years, mostly gold and silver obviously, but I’ve got a decent chunk of palladium too especially in the IRA. Started really getting into it back when the GFC hit. Saw my real estate holdings here in Aspen take a temporary but significant hit, and it was a wake-up call to diversify beyond just dirt and stocks.

    My portfolio is north of $5M, and a good chunk of that isn't just in the physical stuff locked away, but also in my Gold IRA. I’ve always seen it as a hedge – protection against the inevitable insanity of market cycles and government spending. And it's paid off, big time. My initial palladium buys were around $1,500-$1,800 an ounce, so while it's had its moments, sitting at $1,050ish now, it's definitely the laggard of the precious metals. Silver's been solid, gold, well, look at it.

    So, considering gold’s current run, what's everyone's play? Are you pulling profits from your Gold IRA? Rebalancing? Or are we all just holding on for the ride, anticipating the next leg up given the global instability and the dollar's seemingly endless decline? I'm personally just letting it ride. I didn't buy gold to flip it in a month; this is a long-term play for me. But given the economic climate, I'm genuinely curious if others are seeing this as a sign to lighten up on their positions or to double down.

    Specifically with the palladium in my IRA – anyone else feeling like that’s the diamond in the rough waiting to pop? Or is it doomed to stay in triple digits while gold pushes towards $3k?

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    5 comments

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    Best Answer▲ 5 upvotes
    S
    sharon_evans💰Established (100-250k)

    Totally feel this. I started my Gold IRA around a similar time, maybe 12-13 years ago, when everyone else was still all in on tech stocks. Got some good deals back then and just kinda... kept at it. Seeing these new highs now feels like a nice pat on the back for sticking with it. Definitely makes you wonder what's next though!

    Comments (5)

    5
    sharon_evans💰Established (100-250k)Real Investorabout 2 months ago

    Totally feel this. I started my Gold IRA around a similar time, maybe 12-13 years ago, when everyone else was still all in on tech stocks. Got some good deals back then and just kinda... kept at it. Seeing these new highs now feels like a nice pat on the back for sticking with it. Definitely makes you wonder what's next though!

    2
    sandra_green📊Growing (50-100k)✓ Verifiedabout 2 months ago

    Interesting that you've got a decent chunk of palladium in your IRA. Most folks I see talking about PMs in IRAs stick strictly to gold and silver. Was there a specific reason you went for palladium, or just trying to diversify a bit?

    5
    linda_taylor📊Growing (50-100k)✓ Verifiedabout 2 months ago

    Honestly, while I agree it's exciting to see gold doing well, I'm not sure a new ATH changes the fundamental strategy for most of us. It's still a long-term play for wealth preservation and diversification, not a get-rich-quick scheme. The price goes up, the price goes down. I'm just gonna keep DCAing and holding.

    2
    robert_thompson💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    Interesting take. I've heard the opposite from a few people though — would love to see some actual numbers on this.

    5
    christopher_young🌟Ultra (5m+)Real Investor✓ Verifiedabout 1 month ago

    Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

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