Gold breaking all time highs - what now?

• •Okay, so here we are, gold just blew past $2,400.
• •Honestly, a part of me is still pinching myself.
• •I remember back in 2020 thinking $2,000 was a massive milestone, and here we are just a few years later.

Okay, so here we are, gold just blew past $2,400. Honestly, a part of me is still pinching myself. I remember back in 2020 thinking $2,000 was a massive milestone, and here we are just a few years later. I started really getting serious about my Gold IRA almost a decade ago, after watching a good chunk of my portfolio just evaporate during the '08 crisis. As a lawyer, I'm all about risk mitigation and wealth preservation, and gold felt like the ultimate insurance policy. I've got a significant chunk there – probably around 15% of my 750k portfolio in precious metals currently.

My initial strategy was always about holding for the long run, not trying to time the market. I’m nearing retirement age here in Philly, and the idea of preserving what I’ve built is paramount. The recent gains are great, obviously, but they also bring up a new set of questions. Is this sustainable? Are we seeing a temporary spike driven by geopolitical uncertainty and inflation fears, or is this the new baseline? I’m happy to be up, but I'm also conscious of getting too comfortable.

I’ve been reading a lot about the potential for central banks to continue buying, and the ongoing debasement of fiat currencies, which both seem like strong tailwinds for gold. But then you hear arguments about a potential market correction when interest rates finally do come down significantly, or if some of the geopolitical tensions ease. I’m thinking about my heirs, honestly, and how to best position this for them down the line. I’m not looking to sell anytime soon, but I'm wondering if anyone else is starting to reconsider their allocation or strategy given these new highs? Are you holding firm, or are you looking at potential rebalancing?