Gold hitting new ATHs - thoughts on next moves?
- β’Okay, so gold just blew past 2100 and is sitting at a new all-time high.
- β’Honestly, I'm feeling pretty good about it, but also a little on edge.
- β’Seeing these gains is validating, but now Iβm wondering, whatβs the consensus for what happens next?
Okay, so gold just blew past 2100 and is sitting at a new all-time high. Honestly, I'm feeling pretty good about it, but also a little on edge. I started shifting a decent chunk of my portfolio into a Gold IRA about 18 months ago, specifically to hedge against all the market craziness and inflation scares. After selling off a big chunk of my tech stock options when I left my last startup here in SF, I had a good bit of capital β roughly $400k β that I wanted to diversify away from the tech-heavy stuff I'd been all-in on for years. Seeing these gains is validating, but now Iβm wondering, whatβs the consensus for what happens next?
I know some folks just hold long-term no matter what, but with the market being so volatile and interest rates still a big question mark, I'm trying to gauge if this is just the beginning of a run or if we should expect a pull-back. Did anyone else get in around the high 1800s/low 1900s? What's your strategy now? Are you holding firm, or considering rebalancing if it climbs even higher?
Iβve been using a few different tools to project my retirement savings with this new allocation, and one I found pretty helpful is the "Retirement Planner" over at https://retire.goldirablueprint.com/?forum. It gives a decent visual for how gold might factor into a long-term retirement strategy depending on different scenarios. For those of you with significant gold allocations, how are you feeling about your overall portfolio right now? Are you bullish for more gains, or are you preparing for a correction?