Inflation and gold - anyone else feeling the pressure?

Kenneth Parker

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Inflation and gold - anyone else feeling the pressure?

kenneth_parker💎Premium (500k-1m)

about 1 month ago

Key Takeaways

•So, I've been running my logistics company here in Memphis for a good couple of decades now, and let me tell you, I've seen a lot of economic cycles.
•But this current inflation situation?
•My supply chain costs are through the roof, fuel prices are insane, and finding reliable labor is tougher than ever.

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So, I've been running my logistics company here in Memphis for a good couple of decades now, and let me tell you, I've seen a lot of economic cycles. But this current inflation situation? It feels different. My supply chain costs are through the roof, fuel prices are insane, and finding reliable labor is tougher than ever. I’m in the process of mapping out my succession plan for the business, and everything just feels…unsteady.

That’s what really pushed me to diversify my retirement portfolio more aggressively into gold a while back. I’ve probably got around $750k in my Gold IRA now, mainly physical bullion. My thought process was simple: when the dollar gets shaky, gold tends to shine. And with all the money printing we’ve seen, I just don't trust fiat currency like I used to. It's not about making a quick buck, it's about protecting the wealth I’ve built so I actually have something left for retirement after I hand off the reins.

Anyone else feeling this intense pressure from inflation impacting their business or personal finances? Has it directly influenced your decision to invest in real assets like gold, or are you looking at other hedges? I'm curious what everyone else's strategy is right now, especially those of us looking at a relatively near-term retirement horizon. Trying to make sure I'm not missing anything obvious in my own planning.

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5 comments

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Best Answer▲ 16 upvotes

sharon_evans💰Established (100-250k)

Man, this thread is hitting home. I just got my first gold IRA set up a few months ago after finally pulling the trigger. I put about 150k in, mostly American Gold Eagles and some Canadian Maples, and I'm watching these inflation numbers like a hawk. How long does it usually take to see a noticeable impact from gold in an inflationary environment? I know it's a long game, but I'm just curious about others' experiences.

Comments (5)

gary_stewart📊Growing (50-100k)•about 1 month ago

Totally get where you're coming from. I've got a small construction business in Florida, and the material costs alone are making me pull my hair out. Every other week, it's a new price hike for lumber, concrete, even just basic wiring. Been seriously looking into diversifying some of my personal savings into gold and silver, just because the traditional stuff feels so shaky right now. It's a wild ride out there for small biz owners!

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Hey, I hear you on the supply chain and fuel costs. That's hitting everyone hard. You mentioned reliable lab... did you mean labor, or was there something specific about labs that's also causing you headaches?

catherine_bell🏆Advanced (250-500k)Real Investor•about 1 month ago

Totally get where you're coming from with the inflation stress. It's a beast right now for sure. However, while gold *can* be a good hedge, it's not always the instant fix some make it out to be. There are periods where inflation surges and gold lags, or even dips. It's more of a long-term play for wealth preservation than a quick inflation escape hatch, especially with all the other market volatility.

Maybe diversifying beyond just gold, even within the precious metals space, could be something to consider? Just a thought.

helen_turner💰Established (100-250k)Real Investor•about 1 month ago

Totally get what you're saying, that pressure is real. Besides gold, which is a solid move, have you looked into Series I Savings Bonds? They're indexed to inflation, so they can be a pretty decent way to protect some of your cash without the same volatility as other assets. Just a thought!