Gold just hit all-time highs... what's everyone's play now?
- •Well, gold just blasted through its all-time highs.
- •It’s been a bit of a slow burn, but I always felt good about it as a hedge.
- •My logistics company here in Memphis is doing alright, but succession planning is always on my mind.
Well, gold just blasted through its all-time highs. Honestly, I've had a significant chunk of my portfolio in a Gold IRA for a while now, probably close to 20-25% of my total, which puts it well into six figures. It’s been a bit of a slow burn, but I always felt good about it as a hedge. Seeing these numbers pop up on my screen today just confirms a lot of what I've been thinking about the economy and the future, especially with the dollar looking shakier than I'd like.
My logistics company here in Memphis is doing alright, but succession planning is always on my mind. I'm not getting any younger, and the market feels… unpredictable, to say the least. The Gold IRA was always a long-term play for stability and wealth preservation, especially for my retirement years. Now that it’s really paying off, I'm trying to figure out the next steps. Do I hold tight? Do I rebalance some of those gains into something else? I know the conventional wisdom is to let winners run, but this feels different given the context.
I'm curious what everyone else is doing. For those who've been in gold, are you holding? Taking some profits? What are your thoughts on where gold goes from here? Part of me thinks it’s just the beginning of a bigger run given inflation and global instability, but another part wonders if it's due for a correction after such a strong move. Any other business owners feeling this same internal debate?