Geopolitical stuff hitting gold - anyone else feeling it?
- •Been watching the news lately, and it feels like there's always something brewing.
- •First it was Ukraine, now the Middle East flare-ups, and who knows what's next with the election coming up here at home.
- •Back in '08 when the markets went south, my physical gold was a godsend.
Been watching the news lately, and it feels like there's always something brewing. First it was Ukraine, now the Middle East flare-ups, and who knows what's next with the election coming up here at home. My gold holdings in the IRA have been pretty steady through most of it, but sometimes I wonder if I'm overthinking these global events when I check the spot price. Back in '08 when the markets went south, my physical gold was a godsend. Kept my head above water, definitely, and that's why I went big into a Gold IRA when I eventually retired from the dairy farm a few years back.
I've got about $700k in the Gold IRA now, mostly American Eagles and some Canadian Maples. My financial advisor back in Madison always says gold is for stability, not necessarily big gains, especially when things get hairy internationally. And it's true, when everything else is going nuts, gold usually holds its own or even goes up a bit. But sometimes I feel like it doesn't quite react as strongly as you'd think it would when there's a major geopolitical shake-up. Like, you hear about a new conflict and you expect gold to shoot up 5% overnight, and it just... doesn't always.
Anyone else here finding that the direct correlation between international tensions and immediate gold price spikes isn't as straightforward as the news makes it out to be? Or am I just looking at it too short-term? I'm in this for the long haul, protecting my retirement, but it's hard not to look at the daily charts sometimes when you see another headline pop up. What are your thoughts on how these geopolitical events are realistically impacting your gold investments?