Gold IRA inflation talk for those of us pushing retirement

Diane Bailey

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Gold IRA inflation talk for those of us pushing retirement

diane_bailey💰Established (100-250k)

about 1 hour ago

Key Takeaways

•Been seeing a lot of chatter lately, both in the news and here, about inflation ticking up.
•As someone who's weathered more than a few economic cycles running my tourism business here in Savannah, it’s always on my mind.
•I started with my Gold IRA about 5 years ago – put in a decent chunk, maybe $50k-ish at first, then added another $20k during a dip.

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Been seeing a lot of chatter lately, both in the news and here, about inflation ticking up. As someone who's weathered more than a few economic cycles running my tourism business here in Savannah, it’s always on my mind. My portfolio, which is hovering around the $200k mark right now, is heavily weighted in my business and real estate, but I carved out a chunk for a Gold IRA a few years back specifically for this reason.

I started with my Gold IRA about 5 years ago – put in a decent chunk, maybe $50k-ish at first, then added another $20k during a dip. My thinking was always that gold acts as a hedge when everything else goes sideways. During COVID, when travel ground to a halt, it was a weird comfort knowing that part of my nest egg was in something tangible, not just bouncing with the market's mood swings. I don't check it daily, but I get those quarterly statements, and it’s been reassuring to see it hold its own, especially when the dollar seems to be buying less and less at the grocery store.

My question for the group now is, for those of you who are also using gold for inflation protection, are you considering adding more, or are you holding steady? I’m pushing 55, and retirement isn't that far off, so I’m trying to decide if another $10k-$15k into the Gold IRA is a smart move now, or if I should diversify further into other asset classes. I know past performance isn't indicative of future results, blah blah, but interested in hearing real-world takes.

Specifically, has anyone seen their gold IRA significantly outperform other assets during this current inflationary period? Or is it more of a slow and steady kind of protection? Just trying to gauge if I'm on the right track or if there are other strategies I should be looking at. Always good to get some outside perspective from folks who are in similar boats.

5 comments

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Best Answer▲ 10 upvotes

dorothy_lopez💰Established (100-250k)

Hey, totally get where you're coming from. Inflation definitely eats away at purchasing power, and it's especially concerning when you're close to retirement. One thing I found super helpful when I was looking into Gold IRAs was this Investopedia article on Gold IRAs. It covers a lot of the basics and some of the nuances that aren't always obvious. Might be a good read for anyone else here thinking about it too!

Comments (5)

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

Totally get this. I'm not in tourism, but I've got a small business too, and the inflation talk has definitely been keeping me up at night. Been looking into gold and silver myself for a while now, though my portfolio is nowhere near as diversified as yours sounds! It's a tricky balance between protecting what you have and still trying to grow for the future, especially when retirement is only a few years out. Good luck with the research!

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

Hey, I hear you on the inflation concerns, especially heading into retirement. Super interesting about your tourism business in Savannah—bet you've seen some wild swings. I'm curious, when you say your portfolio is "diversified" (from the full post), how much of that is currently in precious metals, if any, outside of what you're considering for a Gold IRA? Just wondering if you're looking to add to an existing allocation or starting fresh with metals.

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

While inflation is definitely a valid concern, and gold has historically been a good hedge, I sometimes wonder if people overstate its protective power for *all* situations. It's not a magic bullet, and depending on the specifics of a retiree's portfolio and spending needs, other assets might offer a better, or at least more diversified, approach to real purchasing power preservation. Just something to consider beyond the typical "gold good, inflation bad" narrative.

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

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Totally agree with you on the inflation concerns, especially heading into retirement. It's a real worry. I've been keeping an eye on the CPI, and seeing those numbers consistently higher than we've been used to for a while is definitely a red flag.

I'm in a similar boat, a few years out from retirement, and it got me thinking about my own portfolio. Ended up diversifying a bit more into physical gold through an IRA earlier this year. Felt like a sensible move with all the uncertainty. It's good to see others thinking along the same lines.

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →