Gold just smashed ATHs - how are you all feeling?

Donna Rogers

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Gold just smashed ATHs - how are you all feeling?

donna_rogers🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Well, would you look at that.
•But after seeing so many of those tech darlings crash and burn, and with all the instability in the markets lately, it feels like a solid move.
•I started with about $150k in physical gold in an IRA, and then added another $100k or so last year when things got a bit shaky.

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Well, would you look at that. Gold just blew past its all-time high, and honestly, I'm feeling pretty damn good about my decision to move a chunk of my retirement into a Gold IRA a few years back. When I first started looking into it, the S&P was on a tear, and a lot of my buddies in the bourbon industry thought I was nuts for even considering something as "old school" as gold. But after seeing so many of those tech darlings crash and burn, and with all the instability in the markets lately, it feels like a solid move.

I started with about $150k in physical gold in an IRA, and then added another $100k or so last year when things got a bit shaky. Watching that number climb feels a lot more comforting than the roller-coaster ride I'm seeing with some of my other investments. I'm based here in Lexington, and I appreciate a good legacy business – something that’s stood the test of time, like a fine aged bourbon. Gold definitely fits that bill. It’s not some fly-by-night crypto or tech stock; it's been a store of value for thousands of years.

It's always interesting to see how gold stacks up against traditional investments. I was just checking out that Gold vs Stocks Comparison tool – the 10-year view is particularly telling right now. It really puts things into perspective when you see how gold has performed against the S&P over the long haul, especially considering all the volatility we've seen. For those of you who've also got a significant portion of your portfolio in gold, what are your thoughts? Are you holding steady, or thinking of rebalancing now that it's hit these highs?

My big question is, what's next? Do we see a correction, or is this just the beginning of a sustained run? With inflation still a concern and global instability not exactly calming down, I can't imagine gold suddenly losing its appeal. Are any of you considering adding more, even at these levels, or are you looking to take some profits off the table? Always keen to hear different perspectives from folks who understand the long game.

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5 comments

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Best Answer▲ 5 upvotes

karen_robinson💼Starter (0-50k)

Congrats on the ATHs! That's awesome for your Gold IRA. When you say you moved "a chunk of your retirement," were you talking about a traditional 401k/IRA rollover or something else?

Comments (5)

carol_carter💰Established (100-250k)Real Investor•about 1 month ago

Dude, I'm right there with you! I remember feeling a bit of FOMO a few years ago when everyone was hyping up tech stocks, but I stuck with my gut and diversified a good chunk into a Gold IRA. Woke up this morning and saw the news, and honestly, it's such a relief to see that pay off. Feeling pretty validated right now, haha.

karen_robinson💼Starter (0-50k)•about 1 month ago

Congrats on the ATHs! That's awesome for your Gold IRA. When you say you moved "a chunk of your retirement," were you talking about a traditional 401k/IRA rollover or something else?

richard_garcia👑Elite (1m-5m)Real Investor•about 1 month ago

Hey, I hear ya, it's definitely satisfying to see gold doing well when you've got some skin in the game. But let's not get *too* ahead of ourselves here. While ATHs are cool, a Gold IRA is a long-term play for stability and diversification, not usually a quick growth vehicle like some other investments. It's great for what it is, but let's keep realistic expectations for its role in a balanced portfolio.

sharon_evans💰Established (100-250k)Real Investor•about 1 month ago

Awesome news about gold hitting ATHs! Always a good feeling when your investments pay off. For anyone else looking into a Gold IRA, make sure you really research the storage options. Some providers have better security or insurance than others, so it's worth checking out the details before you commit. Here's a decent overview I found that breaks down the different types: https://www.gold.org/goldhub/investing/physical-gold/storage