Gold hitting ATHs - what's next? Holding steady or rebalancing?
- •Gold went absolutely bonkers this week, didn't it?
- •This run just reinforces that belief for me.
- •My big question for the seasoned folks here is, what's your play now?
Gold went absolutely bonkers this week, didn't it? Seeing it smash through $2,300 and then just keep climbing is genuinely exciting, though I'm also feeling a mix of "hell yeah" and "hmm, what now?" I’ve had a significant chunk of my portfolio in physical gold and a Gold IRA for a while now, probably around 20-25% of my ~$400k total. As a manufacturing exec here in Cleveland, I’ve always been big on hard assets, something you can actually touch and feel, unlike some of the more ephemeral stuff out there. This run just reinforces that belief for me.
My big question for the seasoned folks here is, what's your play now? Are you just holding steady, letting it ride? Or are some of you considering taking some profits off the table, maybe rebalancing a bit into other metals or even back into some equities? I bought a good portion of my gold a few years back when it was in the $1700-$1800 range, and then added more systematically during dips. So I'm sitting on some pretty nice gains right now, which is a great feeling, but also makes me think about risk management.
I know the traditional wisdom is to hold gold for the long haul, as a hedge against inflation and economic instability, and that's definitely my primary rationale. With all the geopolitical uncertainty and the upcoming election, I don’t see those underlying reasons fading anytime soon. My gut tells me this run has more legs, especially if inflation persists and central banks keep printing. But then the logical part of my brain wonders if we're due for a correction after such a sharp climb in a short period.
Anyone in a similar boat? What are your thoughts on gold's trajectory from here? Are you looking at platinum or silver as potential next plays, seeing as they haven't had quite the same parabolic move? Just trying to get a pulse on what other serious investors are considering.