Gold's recent run - is anyone else starting to feel a bit
- •This recent surge in gold has me feeling...
- •Maybe a little too good.
- •It started as a hedge against the craziness I knew was coming, and frankly, post-2008, I wanted something tangible.
Okay, I'll admit it. This recent surge in gold has me feeling... good. Maybe a little too good. I've had a significant chunk of my portfolio in physical gold and a Gold IRA for years now – ever since I retired from the Street a decade ago, actually. It started as a hedge against the craziness I knew was coming, and frankly, post-2008, I wanted something tangible. My metals allocation is probably north of 40% when you factor in everything, and seeing these prices climb from the mid-$1k range feels like a vindication, but also raises that little voice. You know the one.
I’m based in NYC, and my personal gold holdings are mostly in a vault downtown, with the rest tucked away in my IRA. I started building this position when gold was hovering around $1300-$1500, and I kept dollar-cost averaging in over the years, even when it dipped. My total portfolio is comfortably in the low 7-figures, and I'd say roughly $1.5M of that is in precious metals. My strategy has always been long-term preservation, not speculation. But with gold hitting these new highs, part of me is wondering if I should be trimming some of my physical holdings, locking in some of those gains, and perhaps reallocating a small percentage to something else, even if it's just short-term bonds or dividend stocks I've been eyeing.
The other part of me, the one that remembers every economic cycle I've lived through, says to hold tight. This feels like the beginning of a larger move, especially with global instability and inflation showing no real signs of letting up. I’ve been brushing up on economic history and gold cycles quite a bit lately – the Learning Center has some surprisingly good reads that even us old-timers can appreciate. My main concern isn't a crash, but more missing out on continued upside if I sell too early. How are other folks here managing their own emotions and strategies with these price movements? Are you sticking to your original plan, or are these new highs making you rethink anything?