Gold taking a breather... good time to buy or buckle up?

Brian Edwards

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✨ Precious Metals

Gold taking a breather... good time to buy or buckle up?

brian_edwards🌟Ultra (5m+)

about 2 months ago

Key Takeaways

•Watching gold lately and it's certainly had a wild ride.
•After that solid run-up, we're seeing it pull back a bit, which is always interesting.
•I started really loading up on gold and silver back in 2019, 2020.

See what your 401(k) could look like in gold

Watching gold lately and it's certainly had a wild ride. After that solid run-up, we're seeing it pull back a bit, which is always interesting. My personal portfolio is pretty heavily weighted in real estate, but I've always kept a significant chunk in physical metals – probably around 15-20% of my ~5.5M liquid assets. It’s been my go-to for diversification and hedging against the kind of inflation I've seen come and go a few times in my career, especially with the nonsense the Fed's been pulling.

I started really loading up on gold and silver back in 2019, 2020. Was able to snag a lot of it for under $1800/oz back then, so I'm sitting on some pretty nice gains. My strategy has always been less about trying to time the market bumps and dips, and more about long-term wealth preservation. I'm based out of Aspen, and believe me, when the market gets squirrely, people out here start looking for tangibles that can't be digitized away. It’s why I like having a good amount of physical stuff, not just paper ETFs, even though I have some of those too.

So, this recent dip – are people seeing this as a good buying opportunity to dollar-cost average, or is anyone thinking we might see a more significant correction before it takes off again? I'm debating whether to add another $100k-$150k in the next few weeks if it stays around these levels. I'm always looking at the macro, and with the geopolitical climate and sovereign debt issues, it feels like gold’s underlying upward pressure is still very much there. Just curious what other serious investors are thinking. Anyone else holding heavy and considering adding?

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6 comments

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Best Answer▲ 13 upvotes

paul_hill🏆Advanced (250-500k)

Genuinely curious — has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?

Comments (6)

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Totally feel this. I was in a similar spot a few months back when it dipped after that massive surge. My gut was telling me to jump in, but I hesitated. Ended up buying a little, but wishing I'd gone harder now that it's bounced back. Definitely watching it closely for another entry point if it trends lower.

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

Hey, interesting post! When you say your portfolio is "pretty heavily weighted in real estate," are you talking mostly residential, commercial, or a mix of both? Just curious how that plays into your gold strategy.

jason_morgan💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Interesting take. While a pullback *can* be a good buying opportunity, I'm not so sure this one's a clear signal to load up. We've seen a lot of froth in the market recently, and a "breather" might just be the start of a longer correction, especially if interest rates stay higher for longer. I'd be looking at the broader economic picture before jumping in, rather than just the recent dip.

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Hey, interesting take! I've been eyeing that pullback too. If you're pondering whether to DCA in or just hold tight, a good resource I've found for tracking historical gold prices and major market events is Macrotrends' historical gold chart. It's great for getting some perspective on current dips vs. long-term trends.

Always good to see what the bigger picture looks like before making moves. Good luck!