Gold just hit $2,300+... and my Palladium IRA is looking mighty fine. Anyone else feeling good right now?
- β’Okay, so that Gold number today is just wild, right?
- β’Over $2,300 an ounce.
- β’My Gold IRA, which I started back in '08 when things were shaky, has been steadily chugging along, but this latest surge is really something.
Okay, so that Gold number today is just wild, right? Over $2,300 an ounce. My Gold IRA, which I started back in '08 when things were shaky, has been steadily chugging along, but this latest surge is really something. Got about 60% of that $750k portfolio in precious metals, the bulk of it gold, but I've always kept a significant chunk β probably 15-20% β in palladium. Seen a lot of guys here on the forum just focus on gold and silver, and I get it, those are the mainstays. But from my time out in the Pacific, you learn to look at the bigger picture, and palladiumβs industrial demand, especially with everything going on with EVs and manufacturing, always seemed like a smart, albeit less talked about, diversified play.
I remember when I first retired from the service and started really digging into this. Everyone was pushing some tech stock or real estate, and while Iβve got some of that too, the physical asset always felt like the bedrock. Living out here in Honolulu, you feel a bit disconnected from the mainland financial chatter, which sometimes is a blessing. It allows you to step back and look at global trends without all the day-to-day noise. You see the instability in certain regions, the currency devaluations, and it just reinforces why having real, tangible wealth is so crucial. That 15% palladium in my IRA? It's like my insurance policy for my insurance policy, if that makes sense.
So, gold's breaking records. That's fantastic. My question for you all is, what are you doing now? Are you just holding? Rebalancing? I'm debating taking a little profit from my gold, maybe shifting a small percentage into something else, or even just letting it ride. My palladium has been quietly doing its thing, and Iβm pretty comfortable with that position, but the gold run has me thinking. Anyone made significant moves with their palladium holdings lately, or are you just letting it sit alongside the gold?
It's a good problem to have, for sure. But I'm always curious to hear what other folks, especially those with a similar long-term view, are strategizing. Cheers from paradise!