Inflation driving my gold buys - anyone else?

Andrew Roberts

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Inflation driving my gold buys - anyone else?

andrew_roberts👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•Here in Palm Beach, you see the cost of *everything* just soaring.
•Groceries, property taxes, services… it’s genuinely concerning how fast things are accelerating.
•My metals allocation is pretty heavy, probably close to 15% of my overall portfolio right now, maybe a bit more if I count my numismatics.

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I’ve been a pretty aggressive buyer of physical gold and silver for my IRA and personal holdings over the last two years, and honestly, it’s almost exclusively driven by these inflation numbers. I retired a few years back – sold my company, did well – and I’m looking at my retirement portfolio, which is substantial, north of $4M, trying to preserve its purchasing power. Here in Palm Beach, you see the cost of everything just soaring. Groceries, property taxes, services… it’s genuinely concerning how fast things are accelerating.

My metals allocation is pretty heavy, probably close to 15% of my overall portfolio right now, maybe a bit more if I count my numismatics. I started building it up seriously after the GFC, then really accelerated in late 2020 and 2021 as the Fed started printing like there was no tomorrow. I know some of the younger folks here might think it’s overkill, but I lived through the late 70s and early 80s as a young professional just starting out, and the memory of that kind of inflation sticks with you. Back then, precious metals were one of the few things that held up.

So, my question is, are other long-term investors or retirees feeling this same pressure? Is inflation the primary driver for your increased gold and silver purchases, or are there other factors at play for you? I’m consistently adding to my stack whenever there's a dip, viewing it almost as an insurance policy against the dollar’s erosion. Is anyone else seeing specific signs in their local economy that are pushing them towards inflation-hedges?

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11 comments

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Best Answer▲ 12 upvotes

joshua_phillips🏆Advanced (250-500k)

This is really helpful information! I've been researching gold IRAs for a while and this confirms what I've been learning.

Comments (11)

patricia_miller📊Growing (50-100k)✓ Verified•about 2 months ago

Totally get this. I'm not retired yet, but I've definitely been leaning harder into gold for my IRA these past couple of years for the exact same reason. My 401k took a bit of a hit last year and it really cemented the idea for me. It's like, you see the numbers, you feel it at the grocery store... makes you want to diversify with something tangible.

joyce_cooper📊Growing (50-100k)✓ Verified•about 2 months ago

Totally get that feeling, the inflation numbers have been wild. When you say "aggressive buyer," are we talking regular DCA or more like lump sum buys after significant dips?

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

Hey, I hear you on the inflation concerns, it's definitely a factor. But for me, it's less about the immediate inflation numbers and more about diversifying away from the dollar in general. I think a lot of us who've been around for a while have seen enough market volatility to know that having some tangible assets outside of traditional paper investments is just good sense, inflation or not. It's more of a long-term hedge than a reaction to current events, if that makes sense.

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

Totally feel this! Inflation definitely changes how you look at your portfolio, especially when you're in retirement. Something I found super helpful for understanding the ins and outs of a Gold IRA, beyond just the inflation aspect, was checking out the IRS's official guidelines on precious metals in IRAs. It really clarifies what's allowed and what's not, which can save you a headache later down the line. Good luck with your buys!

betty_king📊Growing (50-100k)•about 2 months ago

Totally feel this. My gold IRA position has basically doubled in the last 18 months for the exact same reason. It just feels like the safest bet right now against everything else going on. My advisor was a bit hesitant at first, but even he's seeing the writing on the wall with these inflation reports. It's less about making huge gains and more about preserving what I've got.