Gold breaking ATH - what now for my IRA?

Charles Lewis

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Gold breaking ATH - what now for my IRA?

charles_lewis💎Premium (500k-1m)

about 1 hour ago

Key Takeaways

•I know a few of us here have been watching gold like a hawk, and it's certainly delivering.
•Seeing it break all-time highs this week has been, frankly, pretty exhilarating.
•My Gold IRA, which I started building up significantly about 8 years ago, is looking quite healthy right now.

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I know a few of us here have been watching gold like a hawk, and it's certainly delivering. Seeing it break all-time highs this week has been, frankly, pretty exhilarating. My Gold IRA, which I started building up significantly about 8 years ago, is looking quite healthy right now. I put in about $300k initially, mostly in Eagles and Krugerrands, and I try to add a little more whenever I can, usually hitting around $20k-$30k a year depending on the market and what else I’m doing with my other investments. As a lawyer here in Philly, my primary focus has always been wealth preservation, and gold has consistently delivered that peace of mind.

My concern now is, well, what's next? Do we see a pull-back from these highs, or is this just the beginning of another significant run-up? I'm sitting on a decent chunk of gains within the IRA, and part of me is itching to maybe take some profits, but the other part is thinking about the potential for continued inflation and geopolitical instability which usually bodes well for precious metals. It feels like a classic dilemma: hold strong or lighten up a bit?

Specifically, I'm curious about how others are thinking about diversification within their Gold IRAs at these levels. Have any of you considered shifting some allocation towards silver or even platinum rounds, anticipating they might play catch-up? Or are you just doubling down on gold, figuring the trend is your friend here? For those of you who have been in this game longer than my eight years, what were your strategies during previous ATH breakouts?

Also, any talk about the premiums on rounds and coins right now? Last time I added some to my IRA, the premiums seemed to be a bit steeper than I’d like, and I'm wondering if that's a symptom of this high demand or if certain dealers are just being opportunistic. Always looking for solid, reputable dealers who don't gouge on premiums.

3 comments

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Best Answer▲ 7 upvotes

joshua_phillips🏆Advanced (250-500k)

While it's definitely exciting to see gold hitting new highs, I'm not sure it automatically means it's time to dump your holdings or drastically change your strategy. For a lot of us, the point of a gold IRA is long-term stability and a hedge against inflation/market volatility, not necessarily short-term gains. If you've held for 8 years, you're probably looking at a much bigger picture than just today's ATH.

I'd lean more towards reviewing your overall portfolio allocation. Has this rally made gold a disproportionately large part of your retirement savings? If so, perhaps a slight rebalance is in order, but not necessarily a full exit just because it's at an ATH. That could be leaving potential future gains on the table if its run isn't over.

Comments (3)

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Dude, I totally get it! My physical stack and my Gold IRA are both looking pretty sweet right now. I wasn't quite 8 years ago, but I started really loading up during the initial COVID uncertainty and it's been a wild ride since then. Definitely been interesting to watch these past few days.

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Totally feel that exhilaration! Been watching my own gold positions like a hawk too. When you say your Gold IRA is "delivering," are you planning on holding steady or taking some profits off the top given the ATH?

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

While it's definitely exciting to see gold hitting new highs, I'm not sure it automatically means it's time to dump your holdings or drastically change your strategy. For a lot of us, the point of a gold IRA is *long-term* stability and a hedge against inflation/market volatility, not necessarily short-term gains. If you've held for 8 years, you're probably looking at a much bigger picture than just today's ATH.

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