Gold smashing ATHs - thoughts on next moves?
- •Okay, so that happened.
- •Gold just blew past 2150 and is still holding strong.
- •My Gold IRA through Augusta Precious Metals is absolutely loving life right now.
Okay, so that happened. Gold just blew past 2150 and is still holding strong. As someone who's been watching these charts for years, and frankly, handling physical gold almost daily in my shop in Providence, this is pretty wild. My Gold IRA through Augusta Precious Metals is absolutely loving life right now. I put in about $75k into it back in 2020, mostly American Eagles and some Canadian Maples, and seeing that value climb past $100k today is just... chef's kiss.
The market seems to be reacting to rate cut expectations and all the geopolitical uncertainty, which honestly, feels like it's never-ending these days. For me, owning a jewelry store, I see the demand for physical gold firsthand. People come in, they want to see it, touch it, understand its intrinsic value. It's not some abstract number on a screen for them. So, when these prices surge, it reinforces my belief in metals as a core part of a diversified portfolio.
My big question is, what are people thinking for the short to medium term?
Do we see a correction coming, or is this the start of a much bigger run? I've been eyeing a few more specific numismatic coins lately, thinking about adding a small percentage to my IRA if there's a dip. But with the way inflation is still sticking around and government spending not exactly slowing down, it's hard to imagine a smooth road ahead for other assets. Are any of you considering taking some profits, or is everyone just holding tight?
What are your thoughts on where gold goes from here? Any particular coins or bars people are looking at if they're still building their positions? Always good to hear what other investors are thinking.