Gold breaking all-time highs - what now for our IRAs?
- β’Okay, so gold just blew past $2,100, which is wild.
- β’My grandfather would've had a field day with this, always telling me to keep a portion of the timber money in hard assets.
- β’Honestly, Iβve been feeling pretty good about the ~$300k Iβve got tucked into my Gold IRA β mostly American Gold Eagles and some Canadian Maples.
Okay, so gold just blew past $2,100, which is wild. My grandfather would've had a field day with this, always telling me to keep a portion of the timber money in hard assets. Honestly, Iβve been feeling pretty good about the ~$300k Iβve got tucked into my Gold IRA β mostly American Gold Eagles and some Canadian Maples. It's been a steady rock in the portfolio, especially with all the noise out there the last few years.
My advisor (been with the family for generations, bless his patient soul) is saying this isn't just a flash in the pan, more like sustained momentum thanks to global instability and central bank buying. I'm based in Spokane, and the local sentiment among the old guard usually leans gold, but even the younger real estate guys I know are starting to talk about it more seriously as a hedge. It makes me wonder if this is just getting started or if we're hitting a temporary peak before a correction.
I'm looking at my allocation and thinking about whether to stay put or rebalance. I've been happy with the stability and the physical aspect of having gold in my IRA, but seeing these new highs makes me a little antsy to either take some profits or double down on the belief that itβs going higher. Has anyone else with a significant gold allocation in their IRA been wrestling with this lately? What are your thought processes for deciding your next move?