Gold just hit new highs - what's next for my portfolio?
- •Well, gold sure didn't wait long to smash through those old highs, did it?
- •I gotta say, even as someone who’s been pretty bullish on it for a while, seeing it sail past $2200 and keep going is something else.
- •My Gold IRA's been lookin' mighty fine this past week, and it’s got me thinking about what the smart play is now.
Well, gold sure didn't wait long to smash through those old highs, did it? I gotta say, even as someone who’s been pretty bullish on it for a while, seeing it sail past $2200 and keep going is something else. My Gold IRA's been lookin' mighty fine this past week, and it’s got me thinking about what the smart play is now.
I started really diversifying into gold a few years back, maybe like 2020-ish, when all the money printing started to get a bit wild. Had roughly $150k in my Gold IRA then, and honestly, it felt like a gamble to pull that much out of other investments. My accountant in Louisville was a little skeptical at first, but thankfully, he trusts me to do my own research and make my own calls. Owning a horse farm, you learn to be practical about wealth and not put all your eggs in one basket – or all your horses in one paddock, as I like to think of it.
So, now that gold’s in uncharted territory, what are y'all doing? Are you holding steady, maybe taking a little profit off the top, or is this a sign of more to come? I've been keeping an eye on that Gold vs Stocks Comparison tool that someone linked here a while back, and looking at the 10-year, it really highlights how gold has quietly put in some serious work. It's not always the flashiest, but it's been a steady hand when everything else has been a rollercoaster.
Part of me feels like this is just the beginning, especially with all the global instability and inflation still lingering. But the other part, the cautious Kentuckian in me, always wonders if it's too good to be true. Any thoughts on resistance levels beyond this, or what could trigger a pullback? Would love to hear some diverse opinions on how others are managing their positions right now.