Gold breaking all time highs - what now?
- •Holy moly, seeing gold hit these new highs is just wild.
- •Been following this closely as someone who's had a decent chunk of my retirement in a gold IRA for the past few years.
- •We're talking probably a good chunk of my 350k portfolio in physical gold, mostly rounds.
Holy moly, seeing gold hit these new highs is just wild. Been following this closely as someone who's had a decent chunk of my retirement in a gold IRA for the past few years. We're talking probably a good chunk of my 350k portfolio in physical gold, mostly rounds. I started getting serious about this back around 2020-2021 when all the inflation talk really started heating up, and honestly, it felt like the only sane play with how much money was getting printed. My financial advisor here in Salt Lake City was actually the one who really opened my eyes to it as a diversification strategy, and I'm so glad he did.
I remember feeling a bit nervous at first, like was I making a huge mistake pulling some funds out of traditional stocks and bonds? But seeing how things have played out, especially with the current geopolitical stuff and the ongoing economic uncertainty, it just reinforces why having that tangible asset feels so good. It’s not just about making a profit, though that’s certainly nice and frankly, way better than I expected. It’s about having that peace of mind that some of my wealth isn't just numbers on a screen.
Now that we're here, though, with gold blowing past all previous records... what's everyone's take? Is this the new normal, or are we looking at a possible pull-back soon? My advisor seems to think there's still plenty of room to run given the global economic picture, but I'm curious to hear from others who are also heavily invested. Are you holding tight, or are any of you considering taking some profits? And for those who haven't jumped in yet, is this a good entry point still, or have you missed the boat?