Gold just hit all-time highs - what's everyone doing now?

Paul Hill

Back to forum

📊 Economy

Gold just hit all-time highs - what's everyone doing now?

paul_hill🏆Advanced (250-500k)

about 18 hours ago

Key Takeaways

•Okay, so gold just blew through its previous all-time high, and I'm sitting here in SLC wondering what the general sentiment is.
•I've been advising clients who've been in Gold IRAs for a while, and obviously, they're feeling pretty good right about now.
•For those of you who've been holding, are you taking some profits?

The 3-step rollover process explained

Okay, so gold just blew through its previous all-time high, and I'm sitting here in SLC wondering what the general sentiment is. I've been advising clients who've been in Gold IRAs for a while, and obviously, they're feeling pretty good right about now. My own portfolio, which is largely in precious metals (north of $350k currently, with a good chunk in physical gold held in my IRA), is looking fantastic, but it also makes me pause and think.

My strategy has always been long-term diversification and inflation protection, and gold has certainly delivered on that front, especially with how wonky the economy has been. I've always seen it as a hedge against market volatility and geopolitical uncertainty, which, let's be honest, there's no shortage of either these days. But now that it's this high, do people see it pulling back significantly, or is this the new floor with all the global instability and central bank buying?

For those of you who've been holding, are you taking some profits? Rebalancing? Or just letting it ride? I'm debating whether to advise some clients to trim a small percentage to lock in gains and reallocate, or if the smarter move is to hold staunch given the current economic climate. Would love to hear what other long-term gold investors are considering at these levels. Any thoughts on where we go from here?

3 comments

Your purchasing power dropped 25% since 2020

Gold outpaced inflation every decade for 50 years. See what it could do for your IRA.

Under $100k? Compare options →

81 people viewed this today9 members requested a free kit this week14 investors bookmarked this

Best Answer▲ 10 upvotes

brian_edwards🌟Ultra (5m+)

Dude, I just saw that pop! My dad actually got me started with a Gold IRA a few years back, mostly as a hedge against inflation. Honestly, I'd almost forgotten about it until I saw the news. Now I'm like, "Oh yeah, that thing at the bank!" Definitely feeling a little smug right now. Good timing for your clients for sure!

Comments (3)

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 10 hours ago

robert_thompson💰Established (100-250k)Real Investor✓ Verified•about 10 hours ago

Hey, that's wild! Congrats to your clients, always good to see that kind of payoff. You mentioned your own portfolio is largely in precious... metals, I'm assuming? Or something else entirely? Just curious about your personal allocation given your expertise.

carol_carter💰Established (100-250k)Real Investor•about 10 hours ago

Honestly, while it's great to see gold performing well, I'm a little hesitant to jump in *now*. It feels like the smart money is already in, and chasing all-time highs can sometimes lead to getting burned once the inevitable correction happens. I'm more interested in what people are looking at for the next leg up, not just what's already popped off.

Worried about inflation eroding your savings?

See how a Gold IRA can hedge your portfolio. Free guide, no obligation.

Under $100k? Compare options →