Gold price movements and my strategy - anyone else seeing this?
- •Honestly contemplating if I should be rebalancing my gold holdings given the recent climb.
- •I've always viewed it as a hedge, a safe haven when things go sideways, which let's be real, they always eventually do.
- •But this recent run-up – it's making me wonder if it's overextended or if there's still juice in the tank.
Honestly contemplating if I should be rebalancing my gold holdings given the recent climb. My personal allocation is fairly significant, probably around 10-15% of my liquid assets, which for a guy running a fund out here in Greenwich, is still a substantial chunk. I've always viewed it as a hedge, a safe haven when things go sideways, which let's be real, they always eventually do. But this recent run-up – it's making me wonder if it's overextended or if there's still juice in the tank.
I typically hold physical and some ETFs, nothing too exotic. The physical gold, a good portion of which is in my IRA, has been a solid performer, but I’m looking ahead to RMDs. I’ve been using that RMD Calculator at goldirablueprint.com to get a better handle on what I'll be facing down the line, and frankly, it's making me think about capital gains and rebalancing strategies more concretely. It’s one thing to see your investment grow, another to plan for mandatory withdrawals when you'd rather keep it in play.
I know the prevailing wisdom is to hold gold for the long haul, and I'm generally a disciplined investor. But the temptation to take some profits and reallocate into, say, some dividend-paying stocks or even a bit more into real estate, is definitely there. Is anyone else feeling this pull? Or are you all just sitting tight, letting it ride? Really interested to hear how others are approaching this right now, especially those of you with significant allocations and a long-term view.