Gold smashing ATHs - what's next?

Brian Edwards

Back to forum

✨ Precious Metals

Gold smashing ATHs - what's next?

brian_edwards🌟Ultra (5m+)

about 2 months ago

Key Takeaways

•Holy hell, gold absolutely ripping past all time highs this week.
•It's been a long time coming.
•Everyone was still high on tech stocks, and I was just looking at the writing on the wall with inflation and global instability.

Compare top Gold IRA companies — free

Holy hell, gold absolutely ripping past all time highs this week. It's been a long time coming. I remember getting heat from some of my buddies a few years back for putting a decent chunk of my portfolio (talking 7-figures here, probably around $3M spread across various holdings) into physical and a Gold IRA back when it was sitting around $1800-1900. Everyone was still high on tech stocks, and I was just looking at the writing on the wall with inflation and global instability. Glad I trusted my gut and my financial advisor on that one. We've been slowly accumulating since 2018, and it's certainly paid off handsomely.

I'm based out of Aspen, so I see a lot of wealth managers and investors coming through here, and the sentiment around precious metals has definitely shifted. A lot of calls and emails flowing in about rebalancing portfolios towards gold and silver now, which is exactly what I figured would happen. My initial thoughts are that we've got more room to run, especially with the Fed's stance and the geopolitical climate. I’m thinking short-term maybe a slight pullback, but then a steady march to $2300 or even $2500 by end of year.

My question is, for those of you who have been in this game even longer, what are your next moves? Are you holding heavy? Trimming some profits? I've got a significant chunk of my personal wealth tied up in this run – a lot of it is diversified with real estate development that’s been booming, but the gold has been a fantastic hedge. I’m always keeping an eye on the macro trends, and honestly, seeing the "Silver vs Stocks" tool at goldirablueprint.com (specifically looking at the 10-year view) really solidifies my belief in holding hard assets. It's crazy how much silver has outperformed over the long run as well, even if it's been a bit lumpier than gold. Anyone else find that tool useful when thinking about their allocation?

What's your gut telling you about the sustainability of this run? Are we looking at a new paradigm for precious metals, or just a temporary flight to safety before things normalize? Would love to hear some diverse opinions here, especially from anyone who's made some big moves recently.

176

5 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

600 people viewed this today79 members requested a free kit this week118 investors bookmarked this

Best Answer▲ 17 upvotes

joyce_cooper📊Growing (50-100k)

Honestly, I used to think all these "goldbug" forums were just echo chambers for fearmongers, especially after a bad experience with a pushy outfit out of Texas. But comparing my notes after reading some of the analysis here on GIRAB, it feels a lot more grounded. This run feels different, not just a knee-jerk reaction to a single crisis. I'm sitting on a nice unrealized gain right now from my initial purchase a couple of years back. No regrets on making that move.

Comments (5)

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Dude, I know exactly what you mean! I got so much flak from my family for buying into gold a few years ago. They thought I was crazy and kept pushing me to invest in tech stocks instead. Now? Crickets. 😂

Wild to see it perform like this. Makes you wonder how high it can actually go, right?

karen_robinson💼Starter (0-50k)•about 2 months ago

Insane run, right? Congrats on that conviction paying off. Just curious, when you say "physical and a" – were you mainly talking about physical gold you hold directly, or did you also delve into gold ETFs or mining stocks within that $3M?

carol_carter💰Established (100-250k)Real Investor•about 2 months ago

While the ATH is definitely exciting, I'm a little more cautious about what's "next." I mean, it's great for the folks who got in early, but chasing ATHs can be a risky game. It feels like a lot of the recent gains are fueled by geopolitical uncertainty and inflation fears, which could dissipate as quickly as they appeared. Diversification is key, and while gold has a place, let's not pretend it's a guaranteed one-way ticket up from here.

ruth_perez📊Growing (50-100k)•about 2 months ago

The run has been wild, but I'm still weighing my next move. I've rebalanced a bit from some of my physical holdings into more specialized mining ETFs, mostly because I snagged a few kilos of silver earlier this year when it was still languishing. It feels like the smart play is to diversify within the precious metals space rather than just chasing the yellow brick road right now.