Gold breaking all time highs - what now?
- •Holy hell, gold just blew past $2,100!
- •Remember all the talk on here when it hit $2k the first time?
- •Everyone was saying it was a bubble, that it was going to crash.
Holy hell, gold just blew past $2,100! Remember all the talk on here when it hit $2k the first time? Everyone was saying it was a bubble, that it was going to crash. Yeah, well, look at it now. I've been holding physical gold since '08, back when everyone else I knew was still buying up McMansions. Some of those guys are still underwater on those properties, meanwhile my precious metals stack just keeps climbing.
I've always been a big believer in tangible assets. My whole business is real estate development, so I get it – you want something you can actually feel and see. And while I've got plenty of that in Aspen, my gold and silver have been the real steady anchor in my portfolio. I remember adding a huge chunk back in 2020 when everything felt like it was going to hell in a handbasket and the Fed was just printing money like it was going out of style. Best damn decision I made that year, even better than that fixer-upper I flipped in Snowmass.
So, the question is, what's next? Are we going to see a sustained climb, or is this just a momentary spike before a pullback? My gut tells me this isn't stopping anytime soon. The global instability, the continued inflation worries – it all points to more demand for safe-haven assets. I've got a decent chunk of dry powder sitting around, thinking about adding another 10-15% to my gold position, maybe even some more silver. Anyone else rebalancing their allocation given these new highs? Or are you guys holding tight and enjoying the ride?