Gold breaking all-time highs - anyone else feeling good about their IRA?
- •Okay, so I’m sure everyone’s seen the news about gold hitting new all-time highs.
- •Honestly, it’s a pretty surreal feeling.
- •Felt like I was going against the grain a bit, but for my retirement security, I wanted something tangible.
Okay, so I’m sure everyone’s seen the news about gold hitting new all-time highs. Honestly, it’s a pretty surreal feeling. I remember a few years ago, when I was first looking into it, a friend of mine, a financial advisor for a big firm, basically told me it was a "boomer" investment and I should stick to tech stocks. Felt like I was going against the grain a bit, but for my retirement security, I wanted something tangible.
I’m a nurse here in Seattle, and while I’ve always been good at saving, the volatility in the stock market (especially after 2008 and then again with COVID) just gave me serious anxiety. I ended up putting about $75k of my IRA into physical gold back in 2021 through a rollover. It felt like a significant chunk at the time, and I obviously wasn't expecting this kind of run-up so quickly. I was more just looking for a hedge against inflation and general market craziness.
So, now that it's actually happening, I’m trying not to get too excited but also… it feels good to be vindicated, you know? Like, I trusted my gut and did the research, and it’s paying off. My portfolio is definitely looking healthier, and it brings a real sense of relief for my future. I'm 48 this year, so retirement isn't that far off, and every little bit helps.
For those of you who also have a Gold IRA, what are your thoughts on this? Are you thinking about rebalancing at all, or just letting it ride? I’m mostly inclined to just hold for the long term, as that was always the plan, but it's hard not to wonder if there’s a "right" move to make when something hits this kind of milestone. Would love to hear other perspectives!