Gold demand up with inflation fears - any of you seeing this on your end?
- •Been tracking the latest Gold demand numbers and it seems pretty clear folks are getting spooked by inflation, especially after that last CPI print.
- •The ETFs are seeing inflows, and it feels like the big money is starting to position more aggressively into actual physical.
- •Can't say I'm surprised, my allocation to the shiny stuff has been heavy for years, probably north of 30% of my portfolio.
Been tracking the latest Gold demand numbers and it seems pretty clear folks are getting spooked by inflation, especially after that last CPI print. The ETFs are seeing inflows, and it feels like the big money is starting to position more aggressively into actual physical. Can't say I'm surprised, my allocation to the shiny stuff has been heavy for years, probably north of 30% of my portfolio. This isn't breaking news to anyone who's been around the block, but it always feels validated when the broader market starts catching on.
I remember back in '08 when the fear was palpable, and you just knew people would flock to safety. It's got a similar vibe now, albeit less acute. The Fed's playing a dangerous game, and while they say inflation is transitory, every time I'm at the grocery store or see gas prices, it tells a different story. I'm a good hour drive north of Manhattan these days, enjoying retirement, but my old Wall Street friends are still buzzing about it. Everyone's looking for that hedge, and for me, it's always been gold. It's why my Gold IRA is probably pushing a solid 7 figures at this point.
What are you all seeing out there? Are your friends or family members who traditionally scoffed at metals finally coming around? I've had a few former colleagues reach out who used to laugh at my "barbaric relic" obsession. Now they're asking for advice on coin dealers. It's wild how quickly sentiment can shift when the chips are down. Any of you actively buying more physical or through your IRAs in response to this inflation chatter, or are you holding pat?