Gold vs. the market - anyone else feeling the sideways grind?
- •I've been watching gold prices lately, and it's felt like we're in a bit of a holding pattern, hasn't it?
- •uninspiring on a daily basis.
- •But even for a long-term guy like me, you still look at the charts.
I've been watching gold prices lately, and it's felt like we're in a bit of a holding pattern, hasn't it? As someone with a good chunk of my portfolio (north of $750k) tucked into physical gold through my IRA, primarily in American Gold Eagles and Canadian Maple Leafs, this sideways movement can be a little... uninspiring on a daily basis. My whole strategy, being a lawyer here in Philly focused on wealth preservation, is about that long-term stability and hedge against inflation, not chasing quick gains. But even for a long-term guy like me, you still look at the charts.
I was just toying around with that Gold vs Stocks Comparison tool over at Gold IRA Blueprint, looking at the 10-year period. It's always a good gut check. My initial entries into gold were back in 2018-2019, and then I heavily leaned into it during the early pandemic uncertainty. Looking at that comparison, especially how gold has performed against wider market indices over a decade, really reinforces my conviction. We're not talking about explosive growth like some tech stocks, but that steady, consistent climb and resilience during downturns is exactly what I'm looking for.
I guess the question I have for others here is, how are you feeling about the current price action? Does it make you want to re-evaluate or are you like me, just shrugging it off as part of the long game? I’m 52, planning on working for at least another 10-15 years, so these shorter terms don't stress me out much, but new perspectives are always welcome. Are you still adding to your positions, or holding steady?