Gold just hit all-time highs... what's next for my
- •Okay, so that was pretty wild watching gold blast through its all-time high this week.
- •I mean, holy cannoli!
- •I've got a decent chunk of my ~25k portfolio in a Gold IRA, maybe 15% or so, trying to diversify away from just stocks.
Okay, so that was pretty wild watching gold blast through its all-time high this week. I mean, holy cannoli! I'm still relatively new to all this – just started really buckling down on retirement planning last year – but I'm definitely feeling a mix of stoked and a little nervous now. I've got a decent chunk of my ~25k portfolio in a Gold IRA, maybe 15% or so, trying to diversify away from just stocks. Being in Charleston, you see a lot of folks with super diversified portfolios, and that's been my goal too, even with limited funds.
My strategy so far has just been dollar-cost averaging into a mix of blue-chip stocks and then that Gold IRA. I'm a young professional, so I've got a long time horizon, which is why I've been comfortable with the ups and downs. But this is a new kind of "up"! I guess my question is, for those of you who've been around longer, what's your take on these kinds of spikes? Do people usually trim some profits, or just let it ride, especially with the current economic uncertainty?
I've been using tools like the Gold vs Stocks Comparison tool a lot lately, especially looking at the 10-year performance, and it really solidified my decision to get into gold. Seeing how it's performed against the broader market over time is super interesting and kinda calming, even when the market gets volatile. But now that it's actually hit this peak, my lizard brain is kicking in and screaming "SELL! SELL!".
Any thoughts from the seasoned investors here? Should I just stick to my DCA plan, or is there a case to be made for rebalancing a bit when something breaks these kinds of records? I'm trying to be smart about this and not just react emotionally, but man, it's hard when you see those numbers!