Gold just hit $2,300+... Anyone else feeling good about their allocation?
- •Honestly, seeing gold blow past $2,300 just reaffirmed every decision I made over the last few years.
- •I started really building out my gold IRA back in 2020 when everything felt so uncertain.
- •I think I snagged most of my physical at around $1,800-$1,900 an ounce, and a decent chunk more over the dips since then.
Honestly, seeing gold blow past $2,300 just reaffirmed every decision I made over the last few years. I started really building out my gold IRA back in 2020 when everything felt so uncertain. I think I snagged most of my physical at around $1,800-$1,900 an ounce, and a decent chunk more over the dips since then. It wasn't about FOMO then; it was about hedging against the insane money printing and geopolitical instability that's been brewing.
My fund clients are all asking about alternatives right now, and frankly, I'm just pointing to my own portfolio. It's a small but significant piece of my overall 7-figure allocation, but it’s been a rock. Living here in Greenwich, you see a lot of people chasing whatever the hot new thing is, but sometimes the oldest safe haven is the best one. I remember feeling a bit contrarian when I really leaned into it, with so many people scoffing at "barbaric relics." Who's scoffing now?
I usually rebalance my overall portfolio annually, and I've been thinking about what this run-up means for my gold position. On one hand, it's performing exactly as intended – providing a buffer and some nice gains when other sectors are volatile. On the other hand, should I trim some to lock in profits, or just let it ride? The macro picture still feels pretty chaotic to me, and I don't see central banks getting their acts together anytime soon. Inflation still feels like a real threat, even if the fed wants us to believe otherwise.
How are others handling this all-time high? Are you holding, taking some off the table, or even adding more if you believe there's still room to run? Curious to hear some other perspectives on what comes next for the yellow metal.