Gold hit $2300, my Roth IRA is looking chunky!
- β’Man, watching gold absolutely blast past $2300 a few days ago was something else.
- β’My Gold Roth IRA is really starting to feel *substantial* for the first time.
- β’I kicked off with about $60k in there around 2020, mostly some good ol' American Gold Eagle coins and a few Canadian Maples.
Man, watching gold absolutely blast past $2300 a few days ago was something else. My Gold Roth IRA is really starting to feel substantial for the first time. I kicked off with about $60k in there around 2020, mostly some good ol' American Gold Eagle coins and a few Canadian Maples. I've been DCA'ing ever since, adding another chunk whenever I felt the price was right, and now it's pushing closer to $90k. As a jewelry store owner here in Providence, I've seen a lot of precious metal come and go, but this current run feels different, ya know?
I've always preached diversification to my customers, and I practice what I preach. My business income is pretty tied to the local economy, so having a good hedge with physical gold in my IRA always gave me peace of mind. But now, with prices like this, a weird part of me is wondering if I should be thinking about taking some profits. It feels almost sacrilegious to even consider it with gold, especially in an IRA, but that's a decent chunk of change for my eventual retirement.
Are any of you out there actively managing your Gold IRA in terms of buying and selling? Or is the general philosophy still "buy and hold forever"? I'm usually a buy-and-hold kind of guy for my retirement accounts, but this feels like a significant moment. I've got another good 10-15 years until I'm seriously thinking about retirement, so there's still plenty of time for things to change.
Part of me thinks about rolling some of that over into silver, which still feels undervalued compared to gold right now. I have a small position in silver rounds in a different account, but nothing significant in the IRA. Or maybe just stick to the plan and let it ride? What are your thoughts on gold at these new highs? Anyone else feeling a bit conflicted or just happy to see their investment shine?