Gold price action today, and my outlook for the next few years
- •Anyone else watching these gold prices like a hawk today?
- •Felt good seeing it tick up a bit after a few choppier weeks.
- •As a construction guy, I've always just *got* tangible assets.
Anyone else watching these gold prices like a hawk today? Felt good seeing it tick up a bit after a few choppier weeks. I’ve been holding a decent chunk in my Gold IRA for a while now, probably around 15% of my overall portfolio which is sitting somewhere north of $350k. As a construction guy, I've always just got tangible assets. You can see 'em, touch 'em, they don’t just vanish into thin air like some tech stock. That's why gold just makes sense to me.
I started really stacking when all the inflation talk started getting serious back in 2021. Figure it's good insurance against the dollar losing its mind. My strategy's pretty simple: DCA whenever I have extra capital from the business and the price dips a bit, then just hold. I’m not looking to get rich quick off daily fluctuations, but I do pay attention to the macro stuff – interest rates, Fed announcements, global instability. All that noise seems to play into gold’s hand eventually.
For those of you also heavy into gold, what are your thoughts on the next 2-3 years? I'm based here in Chicago, and frankly, some of the local economic forecasts aren't exactly painting a rosy picture. I’m thinking continued volatility for the broader market, which should provide a nice tailwind for precious metals. How much of your portfolio are you guys dedicating to gold and silver, and what indicators are you watching most closely? Always interested to hear other long-term holders' perspectives.
My biggest fear is that the government finds a way to truly stabilize everything without printing more money, making gold less relevant. But honestly, watching how things have been going, I don't see that happening anytime soon. I’m planning to keep accumulating more physical in my IRA custodian over the next couple of years unless something drastically changes. Let me know what you all think!