Gold ripping to new highs - what's everyone doing now? Holding? Selling? Rebalancing that IRA?
- •Well, what a ride this has been!
- •Watching gold clear $2,400+ an ounce has been pretty wild.
- •Figured a real asset was a good hedge, especially with all the printing going on over the decades.
Well, what a ride this has been! Watching gold clear $2,400+ an ounce has been pretty wild. I’ve had about 15-20% of my portfolio in physical gold for over twenty years now, mostly through a Gold IRA that I rolled over from my old 401k when I retired from Ford back in '18. I started seriously looking into precious metals back in the early 2000s, after seeing a few too many ups and downs in the stock market during my working years. Figured a real asset was a good hedge, especially with all the printing going on over the decades. My initial investment was nowhere near what it's worth today, thankfully.
My current Gold IRA, which is a decent chunk of my overall retirement savings – probably still sitting close to that $500k-$1M range depending on market fluctuations – has really benefited from this surge. I'm honestly a little conflicted now. Part of me, the old auto industry guy who saw plenty of boom-and-bust cycles, wants to take some profits off the table. On the other hand, the global instability and ongoing inflation signals suggest gold could still have a lot more room to run. It feels like the smart move is just to hold course, especially with the dollar looking a bit shaky and all the geopolitical stuff happening.
I’m just curious what other long-term gold holders are thinking. Are you guys holding tight, maybe looking at rebalancing your portfolios to lock in some of these gains, or even adding more on any dips? I've mostly been in it for the long haul, as an inflation hedge and a safe haven, not really for speculating. But when you see these kinds of run-ups, it's hard not to consider strategy adjustments. What's the general consensus on here for those of us with significant allocations in gold, especially considering a healthy portion is in a tax-advantaged account like an IRA?