Anyone else rethinking their gold strategy with these inflation numbers?

• •Okay, so the latest CPI numbers have me more than a little antsy, and frankly, my golf buddies down here in Palm Beach are echoing the sentiment.
• •Always saw it as my bedrock, my ultimate inflation hedge, especially after seeing what interest rates did to my fixed-income stuff back in the 70s.
• •My initial thought process was simple: Gold holds its value when the dollar buys less.

Okay, so the latest CPI numbers have me more than a little antsy, and frankly, my golf buddies down here in Palm Beach are echoing the sentiment. I’ve been heavily allocated to physical gold in my IRA for ages – we’re talking north of 15% of my total portfolio, probably closer to 20% if you count the small stash at home. Always saw it as my bedrock, my ultimate inflation hedge, especially after seeing what interest rates did to my fixed-income stuff back in the 70s. But now, with inflation proving to be a lot stickier than the Fed wants us to believe, I'm starting to wonder if I should be tweaking my strategy or if I’m just overthinking it.

My initial thought process was simple: Gold holds its value when the dollar buys less. It’s worked for me so far, cushioning my portfolio through various market wobbles over the last couple of decades since I retired from the tech company. I’ve seen this portfolio grow from a comfortable retirement nest egg to well over $3 million, a good chunk of which is in various gold coins and bars and some silver. Part of me says "stick to the plan," especially when I look at the volatility of everything else. The other part is asking, "Is there a better way to leverage physical precious metals specifically for THIS kind of inflation?"

Are any of you other long-term gold IRA investors adjusting your allocations? Should I be looking more at gold mining stocks as a potential amplifier, or does that defeat the purpose of the physical hedge? I’ve typically shied away from the mining stocks in my IRA to keep it purely physical, but if the goal is maximum inflation protection, perhaps some exposure there makes sense outside of my IRA? Just trying to make sure I’m not leaving anything on the table for my grandson's inheritance.