Gold breaking ATHs - what now?

Kenneth Parker

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📊 Economy

Gold breaking ATHs - what now?

kenneth_parker💎Premium (500k-1m)

3 days ago

Key Takeaways

•Well, gold's done it again, hitting new all-time highs today.
•It’s wild to watch, especially after feeling like it was just consolidating for what felt like forever.
•I’ve had about 10-15% of my portfolio in a Gold IRA for the past 5 years or so, sitting around 70k, so it's been a good ride.

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Well, gold's done it again, hitting new all-time highs today. It’s wild to watch, especially after feeling like it was just consolidating for what felt like forever. I’ve had about 10-15% of my portfolio in a Gold IRA for the past 5 years or so, sitting around 70k, so it's been a good ride. For me, it's always been about diversification and wealth preservation, especially with the inflation we've seen and prepping for my exit from the main game.

I own a logistics company here in Memphis, and I’m finally getting serious about succession planning over the next 3-5 years. The thought of handing over the reins is both exciting and terrifying, and honestly, the stability that gold provides in the portfolio really helps me sleep at night when I think about the next chapter. I’m seeing all these headlines about the Fed, interest rates, and geopolitical stuff – it just feels like a perfect storm for precious metals.

My question for you all is, what’s your game plan now that it’s hit these new highs? Are you holding steady, thinking of taking some profits off the table, or even adding more? Part of me wants to let it ride, but the conservative business owner in me is wondering if now's the time to rebalance a bit. What are your thoughts on its trajectory from here, especially with the election coming up and all the uncertainty surrounding that?

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3 comments

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Best Answer▲ 10 upvotes

michelle_collins🏆Advanced (250-500k)

Honestly, "what now?" is the million-dollar question, isn't it? While it's great to see gold performing well, I'm a bit wary of chasing these new highs. It feels like a lot of the current buzz is driven by macro uncertainties and central bank buying, which can be fickle. I'm wondering if this is a good opportunity to rebalance a bit rather than just holding tight, especially if it's a significant portion of your portfolio. Just playing devil's advocate here!

Comments (3)

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•3 days ago

Totally feel this! I bought a decent chunk of physical earlier this year when it dipped a bit, thinking "okay, this is a long-term hold, don't expect fireworks." Then it just... took off. Not complaining, obviously, but it's been a pleasant surprise to see it surge like this. Makes those boring consolidation periods worth it!

mark_adams👑Elite (1m-5m)Real Investor•3 days ago

Congrats on those gains! That's awesome to hear your Gold IRA has been performing so well. You mentioned it was "consolidating for what felt like forever" before this new ATH – what was your average cost basis on that initial 10-15% of your portfolio?