Gold hitting ATHs - what's everyone thinking?!

Sandra Green

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Gold hitting ATHs - what's everyone thinking?!

sandra_green📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Okay, so gold is just absolutely parabolic right now, breaking all-time highs like it's nothing.
•I swear every time I turn on the news, it's another headline about gold shooting up.
•As someone who's put a good chunk of our savings into a Gold IRA, I'm feeling a weird mix of excitement and… well, honestly, a little bit of anxiety.

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Okay, so gold is just absolutely parabolic right now, breaking all-time highs like it's nothing. I swear every time I turn on the news, it's another headline about gold shooting up. As someone who's put a good chunk of our savings into a Gold IRA, I'm feeling a weird mix of excitement and… well, honestly, a little bit of anxiety. We started our Gold IRA about three years ago, around the time the pandemic felt like it was really taking hold and everything just felt so uncertain. We put in about $75,000 then, and it's been such a relief watching it grow, especially with all the talk about inflation.

My husband, bless his heart, he's always been a believer in tangible assets – you know, land, machinery, now gold. Says you can't eat a stock certificate! Being a farmer's wife in Kansas City, I’ve seen firsthand how unpredictable things can be, so having something real, something that’s been valued for millennia, just makes sense to me. We're thinking about maybe doing another rollover from an old 401k soon, maybe another $20-$30k, if this momentum keeps up. But then I wonder, is it too late to jump in higher? Or is this just the beginning if the economy keeps getting crazier?

I know some folks on here are probably thinking, "Sell now, take the profits!" But that feels... premature, somehow. We're not looking to get rich quick; this is about preserving our future, especially with all the talk about the dollar's stability. It's a long-term play for us. My biggest fear is that I'll miss an opportunity, or worse, make a bad decision now that it's so high. We've got a bit over $90k in it now, and that growth is certainly good to see.

What are all of you who are in Gold IRAs or even just holding physical gold thinking with these all-time highs? Are you holding steady? Are you buying more? Are you considering selling a portion? I'd love to hear some different perspectives on what comes after such a significant run up. What's your next move?

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5 comments

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Best Answer▲ 17 upvotes

karen_robinson💼Starter (0-50k)

Interesting take. I've heard the opposite from a few people though — would love to see some actual numbers on this.

Comments (5)

karen_robinson💼Starter (0-50k)•about 2 months ago

Totally get that feeling! I actually had a similar experience back in 2011 when silver went wild. Had a chunk in a silver IRA and remember just refreshing the charts constantly. It's a surreal mix of "YES!!!" and "is this for real?!" lol. Congrats on the gains, though!

catherine_bell🏆Advanced (250-500k)Real Investor•about 2 months ago

Totally get that weird mixed feeling! It's like, hooray for growth, but also... how high can it *actually* go? Are you looking at taking some profits or just holding steady for the long haul?

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Totally get the excitement, but "parabolic" might be a strong word here. While it's certainly had a great run and broken ATHs, the climb has been pretty steady over the last year, not like a sudden spike. It's more of a gradual appreciation, which personally, I find more reassuring for a long-term hold like a Gold IRA. Less volatility generally means less stress!