Gold breaking all time highs - y'all buying, holding, or selling?
- •Okay, so it feels like gold is just on a rocket ship right now, hitting these insane all-time highs.
- •Honestly, my portfolio, which has a decent chunk in physical gold through a Gold IRA, is looking pretty sweet these days.
- •I’ve probably got around $180k in there, mostly gold and a bit of silver, sitting with Augusta Precious Metals.
Okay, so it feels like gold is just on a rocket ship right now, hitting these insane all-time highs. Honestly, my portfolio, which has a decent chunk in physical gold through a Gold IRA, is looking pretty sweet these days. I’ve probably got around $180k in there, mostly gold and a bit of silver, sitting with Augusta Precious Metals. Been with them for about four years now after a friend in Juarez who's always talking about inflation and currency debasement convinced me to diversify out of just stocks. Best decision I ever made, especially watching the dollar fluctuate with all the global craziness.
I usually lean more towards the 'hold for the long haul' strategy, especially with something as foundational as gold. My thinking has always been that it's an insurance policy against the chaos, not a quick flip. Running a few businesses here in El Paso, I see firsthand how interconnected everything is, and how easily things can shift. The border economy is wild – one day it's booming, the next you're worried about exchange rates and supply chains. Gold has always felt like a steady hand in that volatile mix.
But with these record highs, I'm starting to feel a little antsy. Part of me is thinking, "Man, this is a great chance to lock in some profits," especially if there's a pullback coming. I mean, can it just keep going up indefinitely? The other part is saying, "Don't be an idiot, this is exactly why you bought it – for times like these when everything else feels uncertain." I'm also thinking about adding a bit more, maybe another $20k-$30k, if there's a dip, but who knows when or if that'll happen.
So, I'm curious to hear what others are doing. Are you guys just riding the wave? Are you taking some profits off the table? Or are you like me, eyeing potential dips to DCA into more? Would love to hear different perspectives, especially if you're in a similar boat with a significant gold allocation.