Gold price action and my plan for the next few quarters
- •Anyone else watching these gold prices like a hawk lately?
- •It feels like we're finally starting to get some real momentum after what felt like a pretty flat couple of years.
- •My strategy has always been pretty straightforward: DCA in during dips and hold long-term.
Anyone else watching these gold prices like a hawk lately? It feels like we're finally starting to get some real momentum after what felt like a pretty flat couple of years. I've been in Gold IRAs for a while now, probably around $350k worth across a few different allocations, mostly coins – Eagles, Maples, a decent chunk of Krugerrands. As an owner of a construction company here in Chicago, I've always been a big believer in tangible assets, stuff you can hold and see, so gold just makes sense to me as an insurance policy against all the crazy fiat money printing.
My strategy has always been pretty straightforward: DCA in during dips and hold long-term. But with the way inflation is stubbornly high and the Fed seemingly trying to walk this tightrope without falling into a full-blown recession, I'm thinking about getting a bit more aggressive. I've got some cash flow coming in from a couple of recent projects that could easily buy me another 50 ounces or so, and I'm genuinely trying to decide if now's the time. My gut says yes, especially with all the global instability. It feels different this time compared to the last few surges that just kinda fizzled out.
What are you guys seeing in terms of short to medium-term price action? Are you holding steady, or are any of you looking to add more to your stack in the next 6-12 months? I'm particularly interested in what other folks with a similar portfolio size are planning. I'm always open to hearing different perspectives, especially from those who've been through a few of these market cycles.