Gold hitting ATHs - what's everyone doing now? Holding? Selling some?
- •Gold just blew past $2,400 an ounce, making all these "doom and gloom" predictions from the permabulls look...
- •well, pretty accurate.
- •My Gold IRA holdings are up something like 18% just this year alone, and that's not even counting my physical stack in the safe at home.
Wild times, huh? Gold just blew past $2,400 an ounce, making all these "doom and gloom" predictions from the permabulls look... well, pretty accurate. My Gold IRA holdings are up something like 18% just this year alone, and that's not even counting my physical stack in the safe at home. Honestly, it's making me feel pretty good about the decision to diversify heavily into precious metals over the last 5-7 years, especially with the inflation we've seen. Who else is in a similar boat?
I'm sitting here in Scottsdale, looking at my portfolio, and a part of me is itching to maybe trim some of the gains. I mean, we're talking about a significant chunk of my overall retirement wealth here. My Gold IRA specifically now represents about 15% of my 5M+ portfolio, which is higher than I initially targeted. On the one hand, profits are profits, and taking some off the table to reallocate into, say, some beaten-down tech or real estate could make sense. On the other hand, the macro picture still looks incredibly messy – endless money printing, geopolitical instability accelerating, and a US dollar that feels like it’s on very shaky ground. It’s hard to argue with gold’s safe-haven appeal right now.
Another angle I'm considering is scaling into platinum. My Platinum IRA is a smaller position, but I've been eyeing it more closely as gold shoots up. The gold/platinum ratio is still pretty favorable for platinum, potentially offering more upside if industrial demand picks up and it starts catching a bid as a "poor man's gold." What are others here thinking? Are you holding tight, taking some profits, or rebalancing into other metals or assets? Curious to hear some diverse perspectives from this community, particularly from those who've ridden these cycles before.