Gold breaking all-time highs - what now for our IRAs?

• •So, gold just blew past $2,100 an ounce.
• •My Gold IRA is looking pretty healthy right now, gotta say.
• •I opened it a few years back, maybe around 2020 or so, with about $250k.

So, gold just blew past $2,100 an ounce. My Gold IRA is looking pretty healthy right now, gotta say. I opened it a few years back, maybe around 2020 or so, with about $250k. My total portfolio is hovering closer to $700k now, so it’s a significant chunk, and frankly, it’s done exactly what I wanted it to do – preserve wealth, especially with all the craziness going on. I’m a lawyer here in Philly, and while my primary focus is always going to be on the long game for retirement, seeing these kinds of gains is certainly reassuring. It’s hard not to feel a sense of vindication for those of us who saw the writing on the wall with inflation and market volatility.

My strategy has always been about diversification and hedging against instability, not necessarily making a quick buck. I’m not some day-trader looking to flip gold futures. This is about protecting my capital for retirement, and frankly, my kids’ future too. My general thought was that geopolitical instability coupled with continued debt spending would push precious metals higher, and it seems that’s exactly what’s happening. The dollar looks shaky, interest rates are… well, they’re a thing, and every news cycle seems to bring another reason to be nervous about traditional assets.

This brings me to my main question: what’s the play now? Do we just sit tight and let it ride? Part of me thinks this is just the beginning, especially with government spending showing no signs of slowing down and the global landscape remaining incredibly tense. Another part of me, the more cautious lawyer part, wonders if this is a peak, or at least a good time to re-evaluate. I haven’t added to my Gold IRA in a while, mainly due to life expenses and other investment opportunities, but I’ve been considering it. For those of you with similar portfolios or gold allocations, are you doing anything differently given these new highs?

Are you considering taking some gains, or are you doubling down on the belief that traditional fiat currency woes will continue to propel gold higher? I know some folks might say gold is a "barbarous relic," but in times like these, it sure feels like a safe harbor. Interested to hear how others are thinking about this.