Gold breaking ATHs - what now? My Gold IRA feels good, but is it *too* good?
- •Okay, so gold just smashed through all-time highs again and honestly, my Gold IRA is looking mighty fine right now.
- •I remember thinking everyone was crazy when they started talking about physical gold in their retirement accounts, but here we are.
- •It’s hard to complain.
Okay, so gold just smashed through all-time highs again and honestly, my Gold IRA is looking mighty fine right now. As someone who's diligently built up about $180k in precious metals over the last 7 years, mostly thanks to watching my executives at the oil company here in Tulsa diversify after some rough patches in the early 2010s, this feels pretty validating. I remember thinking everyone was crazy when they started talking about physical gold in their retirement accounts, but here we are. It’s hard to complain.
My question for all of you more seasoned investors (or even newer ones feeling the same thing) is, what's next? Is this a sign the dollar is really going to tank further, or is this just a natural ebb and flow with so much global uncertainty? I’ve been holding primarily American Gold Eagles and some Canadian Maples, with a small portion in silver coins – think mostly ASEs and some generics. My instinct has always been to hold long-term, but with these kinds of gains, you start to wonder if you should be rebalancing or at least considering it.
I mean, you always hear "buy low, sell high," but with gold, the narrative is often "hold forever." How do you reconcile that when your portfolio sees a jump like this? I’m happy to keep holding, especially since I'm still working and not looking to touch this for another 10-15 years, but it does make you ponder. Are folks taking profits? Reinvesting in different metals, or even other assets? I’m still bullish on gold as a hedge, but the thought of missing out on another big move, or conversely, seeing it pull back significantly, is definitely on my mind.
Any thoughts from the community? Especially interested if anyone here feels like we're topping out for a bit, or if this is just the beginning of a bigger run. What's your strategy with gold hitting these levels?