Gold hitting new highs – thoughts on what's next?
- •Okay, so gold blew past its all-time high again yesterday, and honestly, a little part of me is doing a happy dance.
- •I've got a decent chunk, probably around $75k, shifted into physical gold within my Roth IRA over the last few years.
- •My initial plan was to hold pretty long-term, thinking about retirement in another 10-15 years.
Okay, so gold blew past its all-time high again yesterday, and honestly, a little part of me is doing a happy dance. I've got a decent chunk, probably around $75k, shifted into physical gold within my Roth IRA over the last few years. As a school principal here in Little Rock, teaching financial literacy to our high schoolers, it's been a great real-world example to point to when we talk about diversification and hedging against inflation. Before, it was always a bit theoretical for some of them, but seeing gold consistently climb, especially when the stock market's been a rollercoaster, really brings it home.
My initial plan was to hold pretty long-term, thinking about retirement in another 10-15 years. My wife and I are comfortable with our current income and savings, so this wasn't about a quick flip. But now that it's just kept surging, I'm starting to wonder if I should be re-evaluating. Part of me thinks, "Don't get greedy, maybe take some profits off the table." The other part is like, "This is exactly why you bought gold – to perform well when things are uncertain, and uncertainty isn't going away anytime soon."
I also keep looking at the "Gold vs Stocks Comparison" tool over at goldirablueprint.com – the 10-year view is pretty telling right now. It really highlights how gold has been a steady performer, often outpacing or at least keeping pace with the S&P 500 when you look at certain timeframes. That's always been a key part of my strategy, but now I'm curious if the landscape has fundamentally shifted to favor gold even more.
Those of you with more experience or larger portfolios, what are your thoughts? Are you holding steady? Rebalancing? Anyone here actually looking to add more gold even after these new highs, or are you thinking it's peaked for a while? I'm debating whether to maybe pull a smaller percentage out and put it into some high-dividend stocks I've been eyeing, or just stick to the original plan. Sometimes it's harder to make decisions when things are going well!