Gold's ATHs... now what for the physical stackers?

James Wilson

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Gold's ATHs... now what for the physical stackers?

james_wilson👑Elite (1m-5m)

about 2 hours ago

Key Takeaways

•Well, what a ride the last few months have been, eh?
•Sitting here in my Upper East Side apartment, watching the gold price just absolutely *soar* past everything it's ever done before.
•I mean, my old firm colleagues would be calling me up laughing if I hadn't seen this coming years ago.

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Well, what a ride the last few months have been, eh? Sitting here in my Upper East Side apartment, watching the gold price just absolutely soar past everything it's ever done before. I mean, my old firm colleagues would be calling me up laughing if I hadn't seen this coming years ago. My IRA is probably 70% metals at this point, always has been since I retired from the Street a decade back. Seeing these all-time highs just reinforces everything I've believed about preserving capital.

I remember back in '08 when everyone was panicking, I was quietly adding to my stack of Eagles and Maples. My wife thought I was nuts, but hey, who's laughing now? The kids are set up, and I'm not worried about the Federal Reserve's endless money printer. It just feels good to have that tangible wealth, knowing it’s not some number on a screen that can vanish overnight. There's a certain peace of mind when you can hold a few ounces of pure wealth in your hand.

So, the big question for all you folks on this sub who hold physical gold, especially coins: what's the play now? Are you taking some profits off the table, or are we just watching it climb higher? I've been eyeing a few more specific pre-33 coins, some smaller fractional pieces, to round out my collection. The premium on those has always been a thing, but feels less impactful when the spot price is this high.

Part of me thinks this is just the beginning given the global instability and the state of fiat currencies. Another part of me, the old trader in me, is always looking for the opportune moment. For those of you with significant holdings, are you considering reallocation at all? Or is it just "hold strong" until the next milestone? Love to hear what the rest of you are thinking.

4 comments

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Best Answer▲ 9 upvotes

sandra_green📊Growing (50-100k)

Awesome to hear you're riding that wave! It's definitely an interesting time for gold. One thing I've found super helpful, especially with prices surging, is to keep an eye on premium percentages when buying physical. Sometimes a high spot price means dealers get a bit greedy on the premiums for popular coins/bars. Checking different dealers and comparing total price per ounce (not just spot) can save you a decent chunk. This Goldhub link has some good historical premium data if you're into that kind of thing for benchmarking!

Comments (4)

robert_thompson💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Totally get this. I remember back in '08 when things were looking rough, I decided to finally pull the trigger on some physical. Not as much as I wish I had now, but enough to feel pretty damn good about it. Sitting here today, it's a nice feeling, almost like a quiet "told you so" to myself. Just curious, are you thinking of diversifying at all now, or just holding tight?

william_davis💎Premium (500k-1m)Real Investor•less than a minute ago

Totally! What a wild ride. When you say your old firm colleagues would be laughing... are we talking like, "I told you so" kind of laughter, or more like "Wow, you actually did it" kind of laughter?

joseph_harris📊Growing (50-100k)•less than a minute ago

Honestly, I'm a little less jazzed about the "ATHs" for physical. Sure, the paper price is doing its thing, but have you tried *selling* anything locally at that spot price? It feels like the premiums on buying are still way up there, but the minute you want to liquidate some ounces, suddenly everyone's offering below spot. Makes me wonder if the "real" price for physical is always lagging, and we're just seeing a paper rally that doesn't fully translate to the stack in the safe.