Gold just smashed ATHs - how are you all feeling?
- β’Well, would you look at that.
- β’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.
- β’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.
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 β something thatβs stood the test of time, like a fine aged bourbon. Gold definitely fits that bill. Itβs 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 β 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.