Gold Coins and Inflation - My Detroit Perspective (20+

Donald Nelson

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Gold Coins and Inflation - My Detroit Perspective (20+

donald_nelson💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•Been seeing a lot of chatter lately on inflation and it got me thinking about my own journey with gold, especially coins.
•I retired from the auto industry here in Detroit a while back, thankfully with a decent pension, but I still keep a close eye on my investments.
•My portfolio, sitting somewhere between 500k and 1m, has a good chunk in physical gold coins, and has for over 20 years now.

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Been seeing a lot of chatter lately on inflation and it got me thinking about my own journey with gold, especially coins. I retired from the auto industry here in Detroit a while back, thankfully with a decent pension, but I still keep a close eye on my investments. My portfolio, sitting somewhere between 500k and 1m, has a good chunk in physical gold coins, and has for over 20 years now. I started really getting into it when I saw what inflation was beginning to do to purchasing power, even back then. Nothing dramatic like today, but enough to make you think.

My strategy has always been pretty straightforward: acquire good quality, recognizable gold coins – mostly American Eagles and Canadian Maples – and hold onto them. I've never gone for the rare collector stuff; my focus is purely on the intrinsic value of the metal as a hedge. I gotta say, even through some sticky periods, it's provided a real sense of security. Looking at the current CPI numbers, I honestly can’t imagine not having that gold in my corner. It's not about getting rich quick, it’s about not losing ground to Uncle Sam printing money like it's going out of style.

One thing I’ve been wrestling with recently, especially with retirement fully kicked in, are those RMDs. It's a whole new ball game figuring out how to balance getting those distributions without messing up my long-term inflation protection. I found this RMD Calculator online and it’s actually been pretty helpful for getting a clearer picture of what I’m looking at. Has anyone else used a tool like that, or found other good resources specifically for RMD planning with precious metals in an IRA? Always keen to hear what others are doing.

What are your thoughts on gold coins as the primary inflation shield these days? Are folks still favoring coins, or are you seeing more movement towards bars, or even gold ETFs for inflation protection? I'm open to new ideas, but after two decades, it's hard to shake the feeling that holding the physical metal is the only way to truly guarantee that inflation protection.

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3 comments

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Best Answer▲ 9 upvotes

gary_stewart📊Growing (50-100k)

Hey, appreciate you sharing your experience from Detroit! It's definitely a unique perspective given the city's history. I get what you're saying about gold's stability during uncertain times. However, I'd also argue that while gold can be a great hedge against inflation, it's not a guaranteed inflation fighter in all scenarios. Sometimes other assets, like real estate or even TIPS, can perform better depending on the specific economic climate. It's all about diversification, right?

Comments (3)

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Hey, totally feel you on this one. I'm over in Toledo, so not far from your Detroit perspective, and I've had a similar experience with silver. My grandpa always told me to hold onto some physical silver, said it was "real money" when everything else went sideways. He lived through the Depression, so I guess it stuck with me. Definitely seen it hold its own through some rough patches. Good on you for having that foresight with gold!