Gold hitting new records - what's everyone thinking?
- •Okay, so gold is just absolutely smashing through records right now, which is obviously exciting for those of us who've been in it.
- •But now that it's at all-time highs, it begs the question: what's the play?
- •I mean, it can't just keep going up forever, right?
Okay, so gold is just absolutely smashing through records right now, which is obviously exciting for those of us who've been in it. I put a good chunk, about $75k, into a Gold IRA back in late 2021 when things were looking a little shaky with inflation, and honestly, it's been performing better than I ever expected. As a principal here in Little Rock, teaching financial literacy to our students, it's a real-world example I actually use to show diversification and long-term holds. But now that it's at all-time highs, it begs the question: what's the play?
A part of me is feeling pretty good and thinking "just hold, this is exactly what it's supposed to do in uncertain times." The other part, though, the more conservative financial literacy teacher in me, is wondering if it's time to take some profits or at least re-evaluate my asset allocation. I mean, it can't just keep going up forever, right? I'm still relatively young, mid-40s, so I've got time on my side for long-term growth, but I also don't want to get greedy and watch a good chunk of these gains evaporate.
My initial thought was always to just let it ride, especially with the dollar looking a bit wobbly and all the geopolitical stuff going on. It really does feel like a safe haven asset. But seeing these numbers, it’s making me reconsider. I'm not looking to completely liquidate, but perhaps rebalancing is in order? Maybe move a small percentage into something else, or even into silver now that gold's had such a run? I've got some silver bars too, but a much smaller position, probably only about $5k worth, that hasn't seen the same kind of explosive growth.
What are others doing with their Gold IRAs or physical gold positions after this incredible run? Are you holding firm, taking some off the table, or even adding more on the dips? Would love to hear some different perspectives on navigating these new all-time highs. Is this the new normal, or should we anticipate a correction?