Geopolitical stuff hitting gold - anyone else feeling it?

Timothy Reed

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Geopolitical stuff hitting gold - anyone else feeling it?

timothy_reed💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•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.

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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?

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5 comments

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Best Answer▲ 16 upvotes

sandra_green📊Growing (50-100k)

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

Comments (5)

betty_king📊Growing (50-100k)•about 2 months ago

Totally get what you mean. I had a similar vibe back in 2020 with all the pandemic uncertainty. My retirement accounts were doing... interesting things, but my small gold allocation was just chugging along, barely flinching. Made me feel a lot better about having it in there for exactly these kinds of unpredictable times. It's a nice ballast.

susan_clark💰Established (100-250k)Real Investor•about 2 months ago

Totally get what you mean. It feels like a constant stream of "what next?". It's good to hear your gold's been steady though. Have you seen any noticeable shifts in the *type* of news that seems to impact gold more, or is it just any big geopolitical event?

betty_king📊Growing (50-100k)•about 2 months ago

I hear you on the geopolitical vibes, but honestly, I've seen gold move more on interest rate hikes than anything else lately. All the regional conflicts definitely add to the *feeling* of uncertainty, but the big economic levers seem to be the primary drivers for price action in my IRA. Just my two cents, YMMV.

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

Hey, totally get what you mean. It's like a never-ending rollercoaster of global events, and it definitely makes you think about your investments. One thing that's really helped me keep perspective is looking at gold's historical performance during similar periods of uncertainty. You know, like how it's often seen as a safe haven asset. There are some great charts and historical data out there that can show you how gold has reacted to various geopolitical upheavals over the decades. A quick search for "gold price historical geopolitical events" should pull up some good resources if you're interested!