Inflation got me looking hard at gold, anyone else feeling the squeeze and making moves?

Jason Morgan

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Inflation got me looking hard at gold, anyone else feeling the squeeze and making moves?

jason_morgan💰Established (100-250k)

about 9 hours ago

Key Takeaways

•Okay, so inflation feels like it’s just absolutely eating away at everything these days.
•Every time I fill up the tank or hit the grocery store here in Jacksonville, it feels like I'm taking a hit.
•Given my line of work as a military contractor, security and stability are always top of mind for me, and that extends to my finances.

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Okay, so inflation feels like it’s just absolutely eating away at everything these days. Every time I fill up the tank or hit the grocery store here in Jacksonville, it feels like I'm taking a hit. Given my line of work as a military contractor, security and stability are always top of mind for me, and that extends to my finances.

I rolled over about $150k from an old 401k into a Gold IRA a few years back, precisely because I saw this kind of economic environment coming down the pike. It wasn't a huge chunk of my overall portfolio (which is probably around $220k now), but enough of one that I felt like I had some real protection against devaluing currency. Now, with everything that's going on, it feels like that decision is really paying off. The stability of gold is just a massive relief when you see the headlines every day.

Thinking about future planning, and this might be a bit premature for some of you, but the idea of Required Minimum Distributions (RMDs) down the line is already on my radar. I was actually playing around with the RMD Calculator at Gold IRA Blueprint the other day. It’s pretty slick for getting a ballpark idea of what those distributions might look like from a Gold IRA. Has anyone else here done proactive RMD planning, even if retirement is still a ways off?

Honestly, with interest rates still wonky and the national debt looking like a runaway train, I'm seriously considering adding another chunk to my gold holdings. Is anyone else in a similar boat, feeling the pressure from inflation and actively making moves into precious metals right now? Or am I just being overly paranoid?

4 comments

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Best Answer▲ 10 upvotes

janet_cook📊Growing (50-100k)

Totally feel this. I'm in Orlando and it's the exact same story. I actually just started looking into a Gold IRA myself after my dad kept bugging me about it. He's been really into gold for years, and honestly, with how things are going, it's starting to make a lot more sense. Haven't pulled the trigger yet but definitely doing my research.

Comments (4)

janet_cook📊Growing (50-100k)•less than a minute ago

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Totally feel this. The grocery bill alone is enough to make me weep. When you say you're "making moves," are you looking at physical gold, or are you also considering gold ETFs/mutual funds?

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

Totally get the concern about inflation, it's brutal out there. Gold is definitely a classic play, and for good reason. But sometimes I wonder if folks are putting *too* much emphasis on it as the sole inflation hedge. Like, sure, it holds value, but it doesn't really grow or produce anything, does it? Just something to consider for a balanced portfolio.

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

Definitely feeling that squeeze! It's wild out there. When you're looking into gold, make sure you understand the difference between physical gold (coins, bars) and gold ETFs. They offer different benefits and risks depending on your goals. For a really solid breakdown, you might find this article helpful: Forbes Advisor: Gold ETF vs. Physical Gold. It helped me figure out what made the most sense for my situation.

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