Gold holding strong against this inflation headache?

Steven Mitchell

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Gold holding strong against this inflation headache?

steven_mitchell🏆Advanced (250-500k)

about 9 hours ago

Key Takeaways

•Anyone else feeling this inflation pinch and seeing their gold holdings as the one bright spot?
•My parents lost a pretty penny back in the 70s and 80s when inflation was rampant, and I swore I wouldn't make the same mistake.
•Seeing these CPI numbers lately just validates that decision for me.

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Anyone else feeling this inflation pinch and seeing their gold holdings as the one bright spot? I’ve been heavily into hard assets for years, especially gold and some industrial real estate, primarily because I just don't trust fiat currency over the long haul. My parents lost a pretty penny back in the 70s and 80s when inflation was rampant, and I swore I wouldn't make the same mistake. Seeing these CPI numbers lately just validates that decision for me. I've got a good chunk of my IRA, around $350k, in physical gold through an IRA custodian, and frankly, it's sleeping better than my other diversified stuff these days.

My biggest concern right now isn’t just current inflation, but what the long-term effects of all this money printing will be. I manage operations for a manufacturing plant here in Cleveland, and I see firsthand how supply chain issues and rising material costs are squeezing margins. We're talking 15-20% jumps on some raw materials in the last year alone. It’s insane. Gold feels like a hedge against that slow burn, like buying an insurance policy on your retirement that actually holds its value.

I'm about 15 years out from retirement, so I’m more focused on wealth preservation than aggressive growth in this portion of my portfolio. What are others seeing? Are you adding more to gold right now with these inflation fears, or are you diversified into other hard assets? I've been debating if I should reallocate another ~50k from some underperforming tech stocks into more physical gold. My financial advisor is a bit hesitant, still pushing for diversification, but my gut is telling me to double down on what’s proven its worth historically.

Also, on a slightly related note for anyone closer to retirement, how are you planning for RMDs with your gold IRA? I was just looking at an RMD Calculator to get a rough idea, and it's pretty eye-opening how much you're forced to liquidate. Any strategies for that down the road with physical assets?

4 comments

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Best Answer▲ 8 upvotes

joseph_harris📊Growing (50-100k)

Totally feel you on the inflation pinch. Gold's definitely been the steady hand in a pretty shaky market for me too. You mentioned industrial real estate alongside gold – I'm curious, how have those two assets performed relative to each other for you during this recent period of high inflation? Have you seen one outpace the other significantly?

Comments (4)

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Totally! I hear you on that inflation pinch. I actually got into gold for a pretty similar reason. My grandparents had a rough time during the '70s with their savings getting eaten away, and it stuck with me. Now, seeing how things are going, my small gold stash feels like the only thing really holding its own in my portfolio. It's not a get-rich-quick thing, but it definitely brings some peace of mind.

joseph_harris📊Growing (50-100k)•less than a minute ago

sharon_evans💰Established (100-250k)Real Investor•less than a minute ago

Totally get the sentiment about gold being a safe haven, especially with inflation running hot. And sure, it's held up *better* than some things. But "strong" might be a stretch depending on your timeframe and what you're comparing it to. When you factor in the massive money printing we've seen, you could argue gold hasn't performed as explosively as some would expect in a true hyperinflationary scenario. Just a thought!

sharon_evans💰Established (100-250k)Real Investor•less than a minute ago

Totally feel you on the inflation pinch. It's rough out there, but gold has definitely been a steady hand. One thing I've found super helpful for keeping up with the gold market and economic trends is the World Gold Council's research. They put out some surprisingly digestible reports that can give you a better sense of the bigger picture. Might be worth a look if you haven't seen them!

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