Gold price action got me wondering - anybody else doubling down or holding steady?

Michael Anderson

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Gold price action got me wondering - anybody else doubling down or holding steady?

michael_anderson🏆Advanced (250-500k)

about 2 hours ago

Key Takeaways

•Okay, so watching these gold prices lately has been...
•As an owner of a construction company here in Chicago, I'm all about tangible assets.
•You can't print more land, and you can't print more gold.

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Okay, so watching these gold prices lately has been... interesting. As an owner of a construction company here in Chicago, I'm all about tangible assets. You can't print more land, and you can't print more gold. That's been my philosophy for years, especially with the 2008 crash still fresh in my mind when I was getting this business off the ground. My Gold IRA is sitting pretty close to the $400k mark right now, and I've been consistently adding to it with physical gold coins for a good chunk of that time.

I've always viewed gold as my bedrock, the part of my portfolio that's going to hold its value when everything else is going sideways. And honestly, it's done exactly that, and then some. The recent moves have me thinking though – with all the global uncertainty, election year jitters, and inflation stubbornly hanging around, it feels like the stage is set for a real breakout. I'm not talking about short-term gains, but a sustained climb that reflects the true value of a scarce resource in a volatile world.

My strategy has always been to dollar-cost average into physical gold, buying those American Gold Eagles and Canadian Maples regularly. I just made a fairly significant purchase last month, topping off my Q1 allocation, and now I'm debating if I should accelerate my Q2 buys. Are any of you guys feeling the same pull to increase your physical gold holdings given current market conditions? Or are you sticking to your predetermined schedule, letting the DCA do its work?

5 comments

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Best Answer▲ 10 upvotes

richard_garcia👑Elite (1m-5m)

Totally get what you're saying, OP. My dad runs a landscaping business and had a similar mindset after '08. He loaded up on some physical silver back then and it's been pretty wild watching its journey. Lately, with all the economic weirdness, he's been kicking himself for not diversifying more into gold at the same time. He's definitely in the 'holding steady' camp now, trying to decide if it's worth adding more gold or just riding out what he has.

Comments (5)

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

jason_morgan💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Totally get the tangible asset mindset, especially coming from construction! Out of curiosity, when you say "doubling down," are we talking about adding more physical gold to your stash, or are you looking at gold ETFs or mining stocks to increase your exposure?

gary_stewart📊Growing (50-100k)•less than a minute ago

Totally get the appeal of gold as a tangible asset, especially with the 'can't print more land' logic. But sometimes I wonder if that also makes it a bit of a psychological comfort blanket more than a pure investment play. Like, if things *really* went sideways, would a gold coin be more useful than a functioning generator or a well-stocked pantry? Just a thought – not saying it's a bad move, just that the "tangible" part can be a bit of a double-edged sword depending on the scenario you're prepping for.

margaret_chen🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, totally feel you on the "can't print more gold" philosophy! That's a solid viewpoint, especially given your background.

One thing I've found super helpful when looking at price action, beyond just the daily charts, is checking out the World Gold Council's reports. They often have great insights into global demand and supply trends that can give a broader perspective than just what the immediate market is doing. Might be a good addition to your research!

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Totally agree with you, OP. The "can't print more" philosophy is solid. I've been feeling the same way, especially seeing how volatile *other* markets have been. I bumped up my allocation to physical gold a few months ago and honestly, no regrets. It feels like a much safer bet right now than a lot of the alternatives.

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