Gold just hit $2300, my Sprott holdings are printing, but what's the next move?

Brian Edwards

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Gold just hit $2300, my Sprott holdings are printing, but what's the next move?

brian_edwards🌟Ultra (5m+)

about 1 month ago

Key Takeaways

•Holy hell, gold just blew past $2300.
•My Sprott holdings are looking absolutely beautiful right now, and frankly, my whole precious metals portfolio is just singing.
•Been stacking physical for a while, and added some serious paper exposure through Sprott over the last year.

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Holy hell, gold just blew past $2300. My Sprott holdings are looking absolutely beautiful right now, and frankly, my whole precious metals portfolio is just singing. Been stacking physical for a while, and added some serious paper exposure through Sprott over the last year. Living up here in Aspen, I've seen a lot of market volatility, but this POG run feels different. I'm sitting on a healthy 5m+ portfolio, a good chunk of which is in metals, so this move is definitely making me feel good about my diversification strategy.

As a real estate developer, I'm used to seeing assets appreciate, but the consistency and recent acceleration in gold are something else. I picked up some mining stocks a few weeks back too, looking for that leveraged play, and those are really showing promise after today. I’m feeling pretty validated right now after some of my buddies were giving me grief about being a "gold bug" a couple of years ago. Who's laughing now?

My question for the rest of you: Is this just the beginning, or are we due for a substantial correction? I’ve been thinking about taking some chips off the table from some of my more speculative mining plays, but I also don't want to miss out if gold goes parabolic from here. My instinct is that central bank buying and geopolitical instability are only going to push this higher, especially with a shaky election year ahead. What are your personal triggers for selling or adding to positions at these levels? Anyone else feeling a mix of euphoria and caution right now?

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7 comments

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Best Answer▲ 19 upvotes

david_brown💎Premium (500k-1m)

Congrats, that's solid. I've been watching the gold-silver ratio pretty closely lately, especially with silver lagging a bit. Found this great interactive chart on Macrotrends that updates daily; it's a fantastic visual to see if silver is due for a catch-up or if gold's just on another tear. Might be worth a look for your next move if you're thinking about diversifying within precious metals.

Comments (7)

sharon_evans💰Established (100-250k)Real Investor•about 1 month ago

Dude, I hear you! My silver stack, which I felt like a crazy person buying last year, is starting to feel a lot less crazy now. It's wild to see it finally catching up. Seriously wondering if it's time to consolidate some of those gains or just ride the wave longer.

betty_king📊Growing (50-100k)•about 1 month ago

Nice! Always great to see those holdings pop. Out of curiosity, are you in PSLV or CEF, or do you have exposure to some of their other funds?

richard_garcia👑Elite (1m-5m)Real Investor•about 1 month ago

Congrats on the gains, always good to see the portfolio green! But honestly, while Sprott is solid, I'm not sure "printing" is the right word for an asset that still feels pretty speculative at these levels. Gold's run has been impressive, but a significant correction wouldn't shock me at all. diversification is key, even within precious metals. Just my two cents, and I'm certainly not complaining about my own holdings either.

susan_clark💰Established (100-250k)Real Investor•about 1 month ago

Nice! Always great to see those Sprott holdings doing well. For "what's next," have you looked much into the gold-to-silver ratio recently? It's still pretty high, which some folks take as a sign that silver might be due for a bigger catch-up move, especially with industrial demand picking up. Could be worth researching if you're looking to diversify within precious metals.

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 1 month ago

Totally agree, it's been an insane run! My Sprott physical trust (PSLV) holdings are up something like 15% in the last 6 months alone. Feeling pretty good about having diversified into that when I did. Like you, I'm wondering about the next play. Keep riding it, or take some profits?

david_brown💎Premium (500k-1m)Real Investor•about 1 month ago

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

Totally agree with you on the Sprott holdings, mine have been looking pretty sweet lately too. I actually diversified a bit more last quarter, putting another $30k into physical gold via a different custodian after seeing how quickly things could pivot. It felt good to add that extra layer of security beyond just the Sprott funds. Seems like a lot of us are seeing similar growth right now which is a nice change of pace.

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