Gold coins are saving my bacon from this inflation nightmare

Gary Stewart

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Gold coins are saving my bacon from this inflation nightmare

gary_stewart📊Growing (50-100k)

about 1 month ago

Key Takeaways

•Honestly contemplating increasing my stack of gold coins right now.
•I mean, my margins on the almond harvest are good, don't get me wrong, but the cost of *everything* else is just eating into it.
•We're talking almost 8-9% inflation for months now.

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Honestly contemplating increasing my stack of gold coins right now. Used to think I was playing it safe by just getting my IRA setup with some bullion, but then I started looking at these ridiculous grocery bills and gas prices here in Fresno. I mean, my margins on the almond harvest are good, don't get me wrong, but the cost of everything else is just eating into it. We're talking almost 8-9% inflation for months now. That 50k I've got in my Gold IRA with Perth Mint coins feels like it's doing more work than my paltry savings account.

A buddy of mine, also in agriculture, was talking about how he’s been investing in physical gold for decades as his primary inflation hedge. He’s always said to me, "Don't trust the paper, son, trust what you can hold in your hand." And honestly, after seeing the price of gold go from under $1800 to over $2000 in the last year, I'm starting to think he's a genius. My portfolio's probably sitting closer to 60k now just from that appreciation. It's a real comfort knowing that a chunk of my retirement isn't just evaporating with every new CPI report.

My question for you all is, beyond just buying more coins, what are other strategies you're using to protect against this relentless inflation? I've heard some talk about silver being a good option too, but I'm really comfortable with gold as a long-term play. It just feels so much more... real. I can walk into a local dealer here in CA and convert it if I ever really needed to, unlike some obscure stock.

Considering putting another 10-20k into my self-directed IRA before the end of the year, probably more American Gold Eagles or perhaps some Canadian Maple Leafs for variety. Anyone seen any good deals on those lately? Or any thoughts on whether to diversify into something else for inflation protection besides just holding more physical gold?

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5 comments

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Best Answer▲ 10 upvotes

joseph_harris📊Growing (50-100k)

Totally get the appeal of gold right now, especially with everything going on. But sometimes I wonder if we're all just looking at the rearview mirror. What if the next big economic shift isn't something gold is built to handle? Not saying it's a bad move, just that diversifying beyond just one precious metal might be even "safer" in the long run, you know?

Comments (5)

sharon_evans💰Established (100-250k)Real Investor•about 1 month ago

Haha, "saving my bacon" is right! I feel you on the grocery bills and gas prices. I'm not in agriculture, but I had a similar "aha!" moment last year looking at my portfolio vs. what things were costing.

Ended up increasing my physical silver holdings and it's been a real comfort knowing it's there as a hedge. Feels good to have that extra layer of security, especially with all the uncertainty.

margaret_chen🏆Advanced (250-500k)Real Investor•about 1 month ago

It's crazy out there, for sure. Glad to hear gold is helping you hedge against some of that. When you say you were just doing bullion before, were you talking about bars or just generic gold coins? Curious if you're seeing a bigger premium difference on the coins now.

joseph_harris📊Growing (50-100k)•about 1 month ago

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

Totally get it, those grocery bills are no joke! It's smart you're looking into increasing your gold holdings. One thing to consider beyond just the weight of gold is the *numismatic value* of certain coins. Sometimes older, rarer coins can hold their value or even appreciate more than standard bullion, even if they have the same gold content. Might be worth checking out some of the sovereign mint coins like American Gold Eagles or Canadian Gold Maples for that potential extra kick.

Also, don't forget to factor in storage costs if you're holding a lot physically. A good, secure home safe can be a solid investment, or a depository for larger amounts. Good luck out there!

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 1 month ago

Totally agree, man. It's wild out there. I was feeling the same way about my portfolio, just kinda "meh" about the inflation. But lately, I've seen a noticeable bump in the value of the gold I put into my IRA last year. It's not like I'm getting rich, but it's definitely provided a nice hedge against all this craziness. Glad to hear it's working out for you too!

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