Gold breaking ATHs - what now for my Gold IRA?
- •Holy smokes, did anyone else see gold absolutely ripping today?
- •Broke through to new all-time highs like it was nothing.
- •I've been in Gold since about 2018, got some decent holdings in my Gold IRA – probably around $70k worth at this point.
Holy smokes, did anyone else see gold absolutely ripping today? Broke through to new all-time highs like it was nothing. I've been in Gold since about 2018, got some decent holdings in my Gold IRA – probably around $70k worth at this point. As an almond grower here in Fresno, I’ve always been a big believer in tangible assets, something you can look at, hold, and know it’s real, unlike some of the paper crap out there. That’s why I went Gold over Silver for my main IRA allocation, though I do kick myself sometimes for not having more silver too.
I remember back when I was first getting into this, everyone thought I was crazy, especially some of my buddies at the co-op. Now, with inflation seemingly running hotter than a July day in the Central Valley and all the global uncertainty, it feels like the smart move. My advisor – local guy here in Fresno near Fig Garden Village – initially recommended a modest allocation, but I pushed harder for more because I just had a gut feeling. Glad I did!
So, the big question for all you other precious metals folks: what's the play now? Do we see this as the start of a much bigger run, or is profit-taking going to slow things down? I’m thinking of rebalancing a bit, maybe taking some profits and moving a percentage into silver or even some land, but my Gold IRA is locked in for the long haul. Anyone else feeling optimistic about gold's future trajectory? Or are you getting a little antsy at these record levels?
Just trying to gauge the temperature of the room. This has been a great ride so far, feels good to see those numbers climb, but I also want to be smart about it.