Gold pumping, my advisor is buzzing - Gold IRA folks, thoughts?

• •Okay, this gold run is absolutely wild.
• •My advisor, who’s based here in Salt Lake, has been practically giddy on our calls.
• •He’s usually pretty calm and collected, but even he’s excited about what this means for a lot of his clients who hold significant gold.

Okay, this gold run is absolutely wild. I’ve had money in my Gold IRA for about three years now – started with $150k back when things were a bit more stable, and then another $50k DCA'd in over the last year. My advisor, who’s based here in Salt Lake, has been practically giddy on our calls. He’s usually pretty calm and collected, but even he’s excited about what this means for a lot of his clients who hold significant gold. It’s comforting to see that part of my portfolio performing so strongly, especially with all the talk about inflation and instability.

I’m sitting on close to $230k in that account now, and honestly, the thought of it potentially still going up makes me want to put more in, but also a tiny part of me worries about a correction. My advisor is pretty bullish long-term and sees gold as a hedge rather than just a quick profit play, which I agree with. But seeing these ATHs, it’s hard not to feel a bit of FOMO or, conversely, trepidation. For those of you who've been in gold IRAs longer, how do you handle these peaks? Do you just hold steady, or do you consider rebalancing at all?

My advisor and I have already discussed the tax implications of any future distributions, and it’s something I’m keeping an eye on for down the road. If you're curious about that side of things, I found this Tax Calculator pretty useful for getting a rough idea of what to expect when you eventually take money out. It’s wild how much taxes can eat into gains if you’re not prepared. Anyway, would love to hear from other Gold IRA holders – are you celebrating, strategizing, or just holding tight?