Gold breaking ATHs - what now for my investments?
- •Gold just blasted past $2,300.
- •I’ve been watching this for a while, ever since I started seriously looking at diversifying my retirement a few years back.
- •I rolled over about $300k of my old 401k into a Gold IRA back in late 2021/early 2022.
Well, look at that. Gold just blasted past $2,300. I’ve been watching this for a while, ever since I started seriously looking at diversifying my retirement a few years back. Working in steel my whole career, you get a real appreciation for hard assets, and it just made sense to put some of my eggs into something tangible, something that isn't just digits on a screen.
I rolled over about $300k of my old 401k into a Gold IRA back in late 2021/early 2022. Everyone I knew thought I was crazy, especially with all the talk about crypto at the time. "Gold's dead, boomer!" was the common refrain. But I’ve seen enough cycles to know that what goes up can come down, and what’s real always holds value. Glad I stuck to my guns and trusted my gut. My portfolio's looking pretty healthy right now, all things considered. It’s a good feeling, especially with all the economic uncertainty swirling around – inflation, interest rates, the whole nine yards.
So, now that it’s hit new highs, what’s everyone thinking? Is this the start of a bigger run, or are we due for a correction? Part of me wants to rebalance a little, maybe take some profits, but the other part is thinking this could just be the beginning, especially with all the central bank buying and geopolitical instability. I used that Gold IRA Calculator not too long ago to see what my theoretical returns could be down the line, and it was pretty eye-opening. Anyone else seeing this as an opportunity to add more, or are you holding tight?
Based in Birmingham, myself. Been watching the news like a hawk. What are your thoughts on precious metals given the current market climate?