Gold's recent run - Thoughts on pulling profits vs. holding long?

Christopher Young

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Gold's recent run - Thoughts on pulling profits vs. holding long?

christopher_young🌟Ultra (5m+)

about 7 hours ago

Key Takeaways

•Okay, so gold has been on an absolute tear lately, and frankly, it's been a beauty to watch.
•We're talking seven figures in precious metals, so these swings definitely get my attention.
•My typical MO has always been to hold long, especially with gold.

See what your 401(k) could look like in gold

Okay, so gold has been on an absolute tear lately, and frankly, it's been a beauty to watch. This little run up to new highs has me feeling pretty good about my positions, especially on some of the bigger allocations I made back in late 2022 when things felt a bit more uncertain. I've got a decent chunk, about 30% of my total portfolio, in physical gold and silver, mostly held in my Gold IRA with a smaller portion in my family trust. We're talking seven figures in precious metals, so these swings definitely get my attention.

My typical MO has always been to hold long, especially with gold. It’s a foundational asset for me, a safeguard against the kind of systemic risks that keep me up at night (or rather, don't, thanks to the metals). I've built up this portfolio over two decades, starting small and really scaling up after I exited my last venture in 2018. Based here in Scottsdale, I’ve seen enough cycles to know that patience usually pays off. But with these latest gains, part of me is wondering if it’s time to trim some profit, maybe reallocate a portion into income-generating assets or even some real estate plays I've been eyeing in PV. The entrepreneur in me always looks for opportunities to optimize, even with my most secure holdings.

My wife, bless her heart, keeps telling me to just let it ride, but I’ve always been hands-on. I'm not talking about selling the farm, obviously, but perhaps taking 5-10% off the top to de-risk slightly and redeploy capital. Or is that just short-term thinking when the macro picture still screams "hold gold"? I'm genuinely torn between sticking to my long-term defensive strategy and seizing what feels like a ripe moment for tactical moves. I know a lot of you guys here are also heavily invested. What’s the general sentiment? Are you holding tight, or contemplating any de-risking moves after this impressive run?

4 comments

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Best Answer▲ 6 upvotes

donald_nelson💎Premium (500k-1m)

Totally feel this! I'm in a similar boat, though my entry was a bit earlier in 2022. Been watching it climb and feeling pretty smug, not gonna lie. Part of me wants to lock in some of those gains, but the other part is thinking this could just be the beginning of a longer upward trend. It's tough to know when to hold 'em and when to fold 'em, especially with something like gold.

Comments (4)

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

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Totally get the feeling, it's been a sweet ride! When you say "bigger allocations," are we talking about a mix of physical gold, or did you also dive into some gold mining stocks or ETFs back then?

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

While taking some profit off the table is always tempting after a big run, I'm not so sure I'd be quick to sell a significant portion of my gold right now. This "tear" you're seeing could just be the start of a much larger move, especially with all the economic uncertainty globally. Pulling out now might mean missing out on substantial further gains if this trend continues. Just a thought!

ronald_morris👑Elite (1m-5m)Real Investor•less than a minute ago

Hey, totally get where you're coming from. It's awesome to see those gains! When you're weighing profit-taking vs. holding, it might be helpful to think about dollar-cost averaging *out* of your position too, a bit like doing it on the way in. That way you lock in some gains but keep exposure to potential future upside. There are some good articles on it if you search "dollar-cost averaging out of a position."

Your purchasing power dropped 25% since 2020

Gold outpaced inflation every decade for 50 years. See what it could do for your IRA.

Under $100k? Compare options →