Gold just keeps climbing, makes me wonder about the coming correction…
- •I put about 15% of my 750k portfolio into physical gold and silver back when I retired from the Navy five years ago.
- •I remember catching a lot of flak from some of my golf buddies here in Honolulu, saying it was a 'boomer' move.
- •Or maybe they're just too busy looking at their own portfolios.
Man, anyone else watching gold just blast past $2300 and thinking, "Okay, when's the shoe gonna drop?" My Gold IRA is looking real beefy this quarter, which I'm obviously not complaining about, but it’s making me a little antsy. I put about 15% of my 750k portfolio into physical gold and silver back when I retired from the Navy five years ago. I remember catching a lot of flak from some of my golf buddies here in Honolulu, saying it was a 'boomer' move. Now? Crickets. Or maybe they're just too busy looking at their own portfolios.
My strategy has always been pretty simple: hold a significant chunk of hard assets for stability, especially with all the geopolitical jitters we're seeing. Being out here in the Pacific, you get a different perspective on global stability, let me tell you. It ain't as peaceful as some folks on the mainland might think. When you factor in all the debt, the printing presses running hot, and the constant saber-rattling across the straits… gold just makes sense as a hedge. I honestly think it's going to hit $2500, maybe even $3000, before we see any major pullback. But the speed of this run-up just feels… unnatural, doesn't it?
I'm weighing whether to take some profits off the table if it hits, say, $2450. Not selling my core holdings, mind you, but maybe rebalancing a bit. Reinvest into something that's perhaps lagged, or just hold it in cash for a bit. My wife thinks I should just let it ride, but my gut, from years of watching markets and being stationed all over the Pacific, is telling me to be cautious. We're talking almost a 30% gain on that portion of my portfolio in a relatively short time.
What are you all doing? Are you just letting your Gold IRAs run? Or are any of you planning to trim your positions if this momentum continues? I'm curious to hear other strategies, especially from those of you who have been in this game longer than I have.