Gold smashing ATHs - got me thinking about the next 5 years (and my kids' future)

Donald Nelson

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Gold smashing ATHs - got me thinking about the next 5 years (and my kids' future)

donald_nelson💎Premium (500k-1m)

about 3 hours ago

Key Takeaways

•Well, what a ride, huh?
•Gold just keeps climbing, and seeing it break new all-time highs every other week has me feeling pretty good about sticking with it all these years.
•I've been holding physical gold and some Gold IRA stuff for over 20 years now, through market crashes, booms, you name it.

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Well, what a ride, huh? Gold just keeps climbing, and seeing it break new all-time highs every other week has me feeling pretty good about sticking with it all these years. I retired from Ford a few years back, and honestly, the stability gold brings to my portfolio – which is sitting somewhere between $500k and $1M these days – has been a godsend. I've been holding physical gold and some Gold IRA stuff for over 20 years now, through market crashes, booms, you name it. There were definitely times the wife wondered why I was so bullish on "just a shiny rock," but who's laughing now?

This surge has me seriously considering my longer-term strategy, particularly for the next 5-10 years. Part of me wants to trim some profits, maybe rebalance a bit more into some dividend stocks, but then I look at the global economic picture and it feels like gold is still the ultimate insurance policy. Inflation worries me, especially with what I see at the grocery store every week here in Detroit, and the geopolitical instability just reinforces my conviction. Are any of you looking at taking some chips off the table, or are you doubling down on the belief that this is just the beginning?

On another note, I’ve been thinking more about my kids’ financial future. They’re both grown now and starting to build their own nest eggs. I’m torn between advising them to start their own Gold IRAs or maybe gifting them some physical bullion. I want to pass on some of the financial wisdom I've gained, but the market's a different beast than when I started. What are your thoughts on introducing the next generation to gold investing right now, at these all-time highs? Is it better to get in early, or wait for a potential dip?

5 comments

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Best Answer▲ 10 upvotes

helen_turner💰Established (100-250k)

Hey, that's awesome to hear about your gold holdings! Sounds like you made some smart moves. When you mention your portfolio is "sitting somewhere betw," what exactly are you looking at in terms of other asset classes? Just curious about your overall strategy beyond gold for the kids' future.

Comments (5)

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Totally feel this! The recent run-up has been wild. I've been kicking myself for not getting into gold sooner, but after watching my 401k take a beating a few times over the years, I finally pulled the trigger on a gold IRA for some diversification. It's not a huge chunk of my portfolio, but knowing it's there and performing well is a nice little comfort blanket, especially thinking about my own kids' futures.

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

betty_king📊Growing (50-100k)•less than a minute ago

Totally get the sentiment, especially with gold doing its thing lately. But while ATHs are exciting, it's worth remembering that past performance isn't a guarantee for the future. Gold could be a steady ship, no doubt, but "smashing ATHs" today doesn't automatically mean it'll stay on that trajectory for the next 5 years, especially when thinking about your kids' long-term future. Diversification beyond just precious metals is usually the name of the game for sustained growth.

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

That's awesome to hear about your gold holdings, especially after all these years! It's definitely a smart move looking out for your kids' future with assets like that.

One thing I've found really helpful in planning for the long term, especially when thinking about passing things down, is to understand the tax implications of different types of gold investments (e.g., physical vs. ETFs vs. IRAs). A quick read on capital gains for precious metals can save a lot of headaches down the line. Here's a decent overview from Investopedia that breaks it down pretty clearly: https://www.investopedia.com/articles/investing/090415/tax-rules-investing-gold.asp

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

Totally agree! It's been wild to watch. My folks actually started putting a bit into gold for my college fund back in the 90s, and man, am I ever grateful they did. That's a good chunk of change they preserved. Makes me think about doing the same for my niece, especially with how things are looking.

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