Gold just smashed ATHs - what's everyone doing now?
- •Gold just blew past $2,150.
- •Honestly, I'm feeling a mix of thrilled and a little antsy.
- •I started really getting into precious metals, especially gold, about five years ago, after seeing so much crazy market volatility.
Well, look at that! Gold just blew past $2,150. Honestly, I'm feeling a mix of thrilled and a little antsy. I started really getting into precious metals, especially gold, about five years ago, after seeing so much crazy market volatility. Been building up my Gold IRA since then. I'm a manufacturing exec here in Cleveland, and my whole career has taught me to appreciate tangible assets, things that actually exist.
My portfolio's sitting around the $400k mark right now, and a pretty substantial chunk of that is in physical gold held in my IRA. Seeing it hit these new highs is validating, to say the least. It’s exactly why I diversified away from just stocks and bonds. With all the geopolitical uncertainty, inflation fears (still feeling it at the grocery store, anyone?), and the Fed's dance with interest rates, gold just feels like a more stable ground to stand on.
So, the big question for me, and I'm guessing for a lot of you, is: what now? Are you holding pat? Taking some profit? Or maybe even looking to add more on potential dips? I've been considering rebalancing a bit, maybe trimming a small percentage if it keeps just running up like this without much of a pause. But then the fear of missing out on even higher highs kicks in, you know?
What are your strategies after gold breaking new all-time records? Curious to hear what others with substantial gold holdings are thinking. Especially if you've been in this game longer than I have and have seen these cycles before. Any wisdom to share?