Gold breaking all-time highs - what now?

Gary Stewart

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Gold breaking all-time highs - what now?

gary_stewart📊Growing (50-100k)

about 4 hours ago

Key Takeaways

•Man, has anyone else been watching gold lately?
•My Gold IRA, which I started about two years ago, is really feeling like a smart move right about now.
•For years, all my buddies in ag have been telling me to stick to what I know, but I always believed in diversifying into real assets.

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Man, has anyone else been watching gold lately? What a run! My Gold IRA, which I started about two years ago, is really feeling like a smart move right about now. I put about $75k into it back when I pulled some profits out of some farmland I sold off here in Fresno, and to see it pushing past these all-time highs is just… validating, I guess is the word. For years, all my buddies in ag have been telling me to stick to what I know, but I always believed in diversifying into real assets.

I’m just curious what other folks are thinking. Are we just at the beginning of a bigger rally, or is this a good time to maybe… not sell, but reassess? My financial advisor is a bit more cautious than I am, always talking about market corrections and what not. He’s usually right, and I tend to be more of a gut-feeling guy, especially in my business. But when it comes to something like gold, I’m leaning more on strategy than instinct.

I’ve always seen gold as a long-term hedge against inflation and economic uncertainty. With everything going on globally, it seems like those exact conditions are playing out. I mean, my margins on almonds and pistachios are always a rollercoaster, but gold has felt like the stable anchor in my portfolio. I remember when I was first looking into it, I took that Gold IRA Quiz to get a basic understanding of how it all worked – helped me figure out what kind of account made sense for me.

So, for those of you who’ve been in gold longer, what’s your take? Should I be thinking about adding more to my IRA now, or is it smarter to sit tight and let this ride out? Any thoughts on where we go from here?

3 comments

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Best Answer▲ 5 upvotes

david_brown💎Premium (500k-1m)

That's awesome to hear about your Gold IRA! Sounds like you timed that perfectly with the farmland sale. Quick question: when you say you "pulled some profits out" of the farmland, was that a direct rollover into the Gold IRA, or did you sell the land, take the cash, and then fund the IRA separately?

Comments (3)

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

Totally feel this! I got into a Gold IRA a few years back too, not with farmland money, but from selling off some old stock options. Was feeling a bit nervous about the market, and gold just seemed like a solid play. Seeing it climb like this is pretty sweet, definitely makes me glad I diversified.

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

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

Congrats on the gains, man! Always nice to see a plan come together. Just gotta play devil's advocate for a second though - isn't part of the Gold IRA appeal supposed to be stability and a hedge against inflation, rather than trying to time the market for big swings? When gold is at all-time highs like this, some folks might argue it's actually *more* risky for new money coming in, not less. Hope it keeps paying off for you though!

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