Anyone else feeling the inflation pinch and piling into
- •Seriously, seeing these inflation numbers makes me feel like I’m in a bad dream.
- •Just looking at the cost of groceries and gas these days, it's wild.
- •My usual HEB run in Austin now feels like I'm buying caviar.
Seriously, seeing these inflation numbers makes me feel like I’m in a bad dream. Just looking at the cost of groceries and gas these days, it's wild. My usual HEB run in Austin now feels like I'm buying caviar. I've been a pretty aggressive growth investor for years, mostly in tech, but watching the market bounce around with all this economic uncertainty has me legitimately concerned about losing a significant chunk of my portfolio value.
I started digging into a Gold IRA about 18 months ago, specifically to diversify out of my tech heavy holdings and create a hedge against what I saw coming with inflation. Ended up rolling over about $250k from a traditional IRA into a self-directed Gold IRA. It wasn’t a huge chunk of my overall portfolio (which is hovering around the $800k mark right now), but it felt like the right move at the time. Honestly, it’s looking smarter and smarter everyday.
I know some folks on here always say gold is a "boomer" investment and doesn't get the same returns as stocks, but frankly, capital preservation feels front and center for me right now. My startup had a decent exit last year, so I'm not looking for moonshots with every dollar. I’m thinking about adding another $100k or so to my gold holdings in the next few months if these inflation trends continue. Is anyone else feeling the same pressure to move more aggressively into hard assets right now? How much of your portfolio are you comfortable allocating to gold given the current economic climate?