Gold breaking all-time highs - what now?

Steven Mitchell

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Gold breaking all-time highs - what now?

steven_mitchell🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Holy smokes, did anyone else see gold blast past $2,400 this morning?
•I’ve been tracking this intently, obviously, as a good chunk of my retirement is tied up in a Gold IRA.
•Seeing it climb like this, especially with all the economic uncertainty, is both awesome and a little… nerve-wracking?

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Holy smokes, did anyone else see gold blast past $2,400 this morning? I’ve been tracking this intently, obviously, as a good chunk of my retirement is tied up in a Gold IRA. Been sitting on a decent stack for a while now – started building it up seriously about five years ago, especially since I'm in manufacturing and I just get hard assets. Seeing it climb like this, especially with all the economic uncertainty, is both awesome and a little… nerve-wracking?

My portfolio’s definitely feeling good. I'm probably sitting on something in the high 300s currently, with a solid 20% of that in physical gold and silver through my IRA. I started this whole thing back when I was getting increasingly antsy about inflation and the sheer amount of money printing. Being in Cleveland, I saw firsthand how much pressure businesses were under, and I just didn't trust that paper money would hold its value long term. Gold felt like the obvious hedge. I remember one conversation with a buddy at a Guardians game back in '21, telling him he was crazy for not diversifying into some precious metals. He's probably kicking himself now.

So, the big question for all you other gold bugs – and maybe some of the skeptics – what's next? Do we see a pull-back to consolidate, or is this the start of a much bigger parabolic run? Part of me wants to trim a tiny bit off the top for some diversification elsewhere, but another part just wants to ride this wave. It feels like the smart money is still flowing in, especially with geopolitical issues staying hot. What are your post-ATH strategies?

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8 comments

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Best Answer▲ 17 upvotes

sharon_evans💰Established (100-250k)

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

Comments (8)

sharon_evans💰Established (100-250k)Real Investor•about 2 months ago

Totally saw that! Wild stuff. Congrats on being in a good position with your Gold IRA.

You mentioned you started building it up seriously about five years ago – was there anything in particular that made you decide to really lean into gold at that point, or was it more of a gradual increase in conviction?

nancy_hall💰Established (100-250k)Real Investor•about 2 months ago

Yeah, it's definitely exciting to see gold doing so well! But I wouldn't necessarily jump to the conclusion that this means it's time to dump everything. All-time highs can sometimes be followed by corrections, especially with asset classes that have seen such rapid growth. It's a great time to be diversified, no doubt, but maybe not *the* time to go all-in or make drastic portfolio changes based solely on this surge.

diane_bailey💰Established (100-250k)Real Investor•about 2 months ago

Dude, I know exactly what you mean! I was checking my portfolio this morning and literally did a double-take. I'm in a similar boat, started my Gold IRA around the same time. Remember all the FUD back then about it being a "boomer investment" or whatever? Feels pretty good right about now, haha. I'm just gonna hold steady and keep an eye on things, but it's definitely a nice feeling to see those numbers.