Gold vs. inflation - feeling good about my IRA choices
- •When I retired from the Navy back in '19, right before all the COVID craziness, I rolled over about 70% of my TSP into a Gold IRA.
- •Living out here in Honolulu, you get a different perspective on global economics.
- •We're directly impacted by shipping costs, fuel prices, and the general instability further out in the Pacific.
Been seeing a lot of chatter lately about inflation potentially running hotter than expected, and honestly, it just reinforces my decision to go heavy into physical gold for my IRA. When I retired from the Navy back in '19, right before all the COVID craziness, I rolled over about 70% of my TSP into a Gold IRA. That was roughly $650k at the time, and seeing how things have played out globally, especially with all the money printing we've seen, I'm feeling pretty damn good about that move.
Living out here in Honolulu, you get a different perspective on global economics. We're directly impacted by shipping costs, fuel prices, and the general instability further out in the Pacific. That stuff hits home harder here than it might for someone in, say, Kansas. I’ve always been a bit of a contrarian, and seeing how the dollar’s purchasing power has eroded these past few years makes me really appreciate having a substantial portion of my retirement savings hedged against that. My gold holdings haven't just held their value; they've grown, significantly outpacing what my old TSP returns would have been.
I know some folks on here are big into tech stocks or real estate, and that's great for them. For me, with a good chunk of my future tied up in this, the stability and proven track record of gold during inflationary periods just makes more sense. It’s not about getting rich overnight; it’s about preserving the value of what I’ve worked for, especially being on a fixed income now. Are any of you feeling similar about your precious metal holdings right now? Or am I just preaching to the choir here?
What are your thoughts on the current inflation outlook? Are you moving more into gold or other tangible assets, or do you think the Fed has it under control? I'm always curious to hear what other investors are doing, especially those who've been through a few economic cycles.