Gold keeps hitting new highs - anyone else feeling good about their IRA?
- •Okay, so gold just kissed $2300 an ounce, and it feels like it's barely pausing before making another run.
- •That's when I decided to roll a good chunk of my old 403(b) into a Gold IRA, and honestly, it's been one of the best financial decisions I've made.
- •I remember feeling pretty nervous at first, mostly just the unknown of it all.
Okay, so gold just kissed $2300 an ounce, and it feels like it's barely pausing before making another run. I've been watching this with a smile, especially since 2008 when I really started looking into tangible assets after seeing my retirement savings take a hit. That's when I decided to roll a good chunk of my old 403(b) into a Gold IRA, and honestly, it's been one of the best financial decisions I've made.
I remember feeling pretty nervous at first, mostly just the unknown of it all. I mean, as a retired teacher here in Phoenix, it felt like a leap from what I was comfortable with. But seeing these sustained highs, especially when the stock market feels like it's running on fumes sometimes, definitely validates that decision for me. I've got a little over $200k in physical gold in my IRA, and while it's not all of my retirement, it's a significant bedrock that gives me some peace of mind.
I'm curious, for those of you who have been in gold for a while, how are you feeling about the current trajectory? Are you rebalancing at all, or just holding tight? Part of me wants to "celebrate" these gains, but the other part of me, the one that saw the market crash, is always thinking about the next downturn. Is anyone else considering adding more at these levels, or do you think it's due for a significant correction?
Also, any thoughts on how silver will follow suit? My Gold IRA setup does allow for silver too, and I've been eyeing it. Just want to hear what the community's thinking about these crazy times in the precious metals market.