Gold breaking all time highs - what now?
- •Well, looks like gold finally punched through $2,100 again and is still climbing.
- •Given my experience, I've always prioritized a disciplined, long-term approach to my investments, much like strategic planning in the Navy.
- •I remember those early days trying to convince some of my peers that tangible assets weren't just for doomsday preppers.
Well, looks like gold finally punched through $2,100 again and is still climbing. I've been holding a significant portion of my retirement in physical gold and silver through a Gold IRA for a while now, and seeing this kind of movement is always gratifying. My initial move into precious metals started back in 2011, right after my first tour commanding a carrier group, when I was really starting to think about diversifying beyond just the usual stocks and bonds. Given my experience, I've always prioritized a disciplined, long-term approach to my investments, much like strategic planning in the Navy.
I remember those early days trying to convince some of my peers that tangible assets weren't just for doomsday preppers. Now, looking at my portfolio over the last decade, with gold appreciating like it has, it’s a pretty strong vindication. My current allocation is roughly 20% in precious metals, with the rest spread across various equities and some real estate here in Virginia Beach. I'm sitting on about $2.8 million total, and that precious metals slice has performed admirably, especially through some choppy waters for the broader market.
The big question on my mind now is, what's everyone else thinking about the next move? Do you rebalance, hold tight, or even consider adding more? I've been keeping an eye on the "Silver vs Stocks" tool at https://silvervsstocks.goldirablueprint.com/?period=10Y, especially the 10-year view, and it's a compelling argument for silver right now as well. With the current economic uncertainties and geopolitical pressures, it feels like the fundamentals for precious metals remain strong. Are you all seeing the same indicators, or are there any contrarian views out there I should be considering?