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    Gold breaking all time highs - what now for my IRA?

    Key Takeaways
    • Holy smokes, did everyone see gold breaking past $2100?
    • It's been a wild ride since I first started looking into rolling over some of my 401k into a Gold IRA back in late 2021.
    • I remember my buddy from work, who's a huge perma-bull on precious metals, was practically yelling at me to get in.
    See what your 401(k) could look like in gold

    Holy smokes, did everyone see gold breaking past $2100? It's been a wild ride since I first started looking into rolling over some of my 401k into a Gold IRA back in late 2021. I remember my buddy from work, who's a huge perma-bull on precious metals, was practically yelling at me to get in. I ended up putting about $150k of my retirement savings into physical gold then, and it felt like a big move for someone whose philosophy is usually about spreading things out. I'm an insurance agent here in Omaha, so I see a lot of people make some pretty risky decisions, so I always try to be sensible with my own money, you know?

    I've got a pretty diversified approach overall – still have a chunk in Vanguard index funds, some real estate, even a little bitcoin. The gold portion was really about inflation hedging and just having that tangible asset as a bedrock. But now that it’s smashing records, I’m wondering what the consensus is. Do we ride it out? Is it time to rebalance and take some profits? My original intention was definitely long-term hold, like 10+ years, but seeing these sorts of gains makes you think.

    For those of you who've been in Gold IRAs longer, or have more experience with these kinds of market moves, what's your take? Are you just holding strong, buying more on dips, or are you considering locking in some of those gains? And for anyone in a similar position with a portfolio around the $100k-$250k mark in gold, what's your strategy? I'm trying to figure out if it's smart to maybe diversify within the precious metals space (silver, platinum?) or if sticking with gold for the long haul is still the play.

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    3 comments

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    Best Answer▲ 8 upvotes
    N
    nancy_hall💰Established (100-250k)

    That's awesome timing! Sounds like you got in at a pretty sweet spot. Quick question though – when you say "$2100", are you talking about the spot price or the purchase price for your Gold IRA specifically? Just curious how much of that record high you were able to capitalize on.

    Comments (3)

    2
    william_davis💎Premium (500k-1m)Real Investorabout 1 month ago

    Dude, I know exactly what you mean! I got in with a partial rollover in early 2022 and my buddy was the exact same way. He was basically guaranteeing gold would blast off and, well, here we are. It's pretty wild to see it actually happening after all the talk. Makes you wonder what's next, right?

    8
    nancy_hall💰Established (100-250k)Real Investorabout 1 month ago

    That's awesome timing! Sounds like you got in at a pretty sweet spot. Quick question though – when you say "$2100", are you talking about the spot price or the purchase price for your Gold IRA specifically? Just curious how much of that record high you were able to capitalize on.

    1
    sandra_green📊Growing (50-100k)✓ Verifiedabout 1 month ago

    Yeah, it's definitely exciting to see gold doing so well! But I also think it's important to remember that all-time highs can sometimes be a double-edged sword. While it's great for those who got in early, it might also mean there's less upside purely from a valuation perspective if you're looking to jump in *now*. Just something to consider for your IRA, diversification is still key!

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