Gold's been interesting lately, my strategy is holding, what about yours?
- •Honestly contemplating the recent gold price action, and it's been a bit of a head-scratcher.
- •I've been in this game, well, let's just say since before most of you were trading Roblox, and I've seen these cycles.
- •The last couple of months, with all the inflation talk and then the Fed posturing, it feels like we're in one of those "wait and see" periods.
Honestly contemplating the recent gold price action, and it's been a bit of a head-scratcher. Just checked the GLD this morning, and while the paper price has been choppy, my physical holdings, particularly the allocated bullion in Delaware, feel as solid as ever. I've been in this game, well, let's just say since before most of you were trading Roblox, and I've seen these cycles. The last couple of months, with all the inflation talk and then the Fed posturing, it feels like we're in one of those "wait and see" periods. For me, with a decent chunk of my personal wealth (think north of $1.5M just in metals, not including the IRA) allocated to gold, the long-term play is what matters.
My strategy hasn't changed much since I first started building this position back in the early 2000s – it's a hedge against currency debasement and systemic risk. I'm not looking for a quick buck, though I certainly wouldn't complain if we saw another run like '08 or '11. I live in Greenwich, so you can imagine the kind of volatility we see in other asset classes, and gold often feels like the calm in the storm. I typically dollar-cost-average into positions during dips, adding a bit more here and there, usually through a couple of reputable dealers I've used for years. No aggressive leveraged plays for me – pure physical in a secure, allocated vault.
Where do you all see this going in the short to medium term? Are you tilting more towards mining stocks, or like me, sticking to the physical? I’ve dabbled in some of the majors like NEM and Barrick, but for the core allocation, it’s always been the bars. I'm curious what everyone else is doing to navigate these waters. Are you adjusting your allocations at all, or just holding tight?