Inflation hitting hard, glad I went with gold for retirement

Robert Thompson

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Inflation hitting hard, glad I went with gold for retirement

robert_thompson💰Established (100-250k)

about 11 hours ago

Key Takeaways

•Just checking in on the forum and thought I'd share some thoughts on this crazy inflation we're seeing.
•Being a retired teacher here in Phoenix, every penny counts, and I've been feeling the pinch at the grocery store and just about everywhere else.
•It really makes me thankful I diversified into a Gold IRA after the 2008 crash.

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Just checking in on the forum and thought I'd share some thoughts on this crazy inflation we're seeing. Being a retired teacher here in Phoenix, every penny counts, and I've been feeling the pinch at the grocery store and just about everywhere else. It really makes me thankful I diversified into a Gold IRA after the 2008 crash. I remember watching my traditional investments take a hit back then, and it was a real wake-up call to not put all my eggs in one basket.

My portfolio is somewhere in the $150,000-$200,000 range, and a significant chunk of that is in physical gold through my IRA. I started small, maybe $20,000 initially, and just kept adding to it over the years. It’s not about getting rich quick for me; it’s about preserving the purchasing power of my savings. Seeing the CPI numbers these days, I truly believe gold has been a fantastic hedge. My other investments are a bit flatter, but the gold has definitely been a strong anchor, keeping my overall portfolio much steadier than it would have been otherwise.

I know some folks on here are newer to gold, but for me, having lived through a few economic downturns, it just makes sense as a long-term inflation protector. Are any of you feeling the same way about your gold holdings right now? Or did anyone move into gold recently specifically because of current inflation fears? Curious to hear what others are thinking and doing to combat these rising costs.

5 comments

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Best Answer▲ 8 upvotes

matthew_murphy👑Elite (1m-5m)

Absolutely, it's wild out there. Glad to hear you're feeling a bit more secure with your gold. Are you mostly holding physical gold, or did you go with some gold-backed ETFs or mining stocks as well?

Comments (5)

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

Totally feel this! I'm in a similar boat, though not retired yet. Was a bit hesitant to pull the trigger on a gold IRA a few years back, but seeing how everything's gone up lately, it's definitely made me breathe a sigh of relief. Good to hear you're feeling the same peace of mind!

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

Absolutely, it's wild out there. Glad to hear you're feeling a bit more secure with your gold. Are you mostly holding physical gold, or did you go with some gold-backed ETFs or mining stocks as well?

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

Totally hear you on the inflation, it's brutal out there. I'm glad your gold is giving you some peace of mind. I do wonder though, for folks who are actively drawing on their retirement, is gold always the most *liquid* asset, especially if you need to access funds relatively quickly? Just something I've been pondering as I watch the markets.

daniel_wright💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Glad to hear your gold investments are providing some peace of mind during these inflationary times! It's definitely a smart move to diversify. If you're looking for other ways to hedge against inflation, you might also want to look into TIPS (Treasury Inflation-Protected Securities). They're not as flashy as gold, but they're designed to protect your principal from inflation. Just another tool in the toolbox!

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Totally feel this! I'm in a similar boat, though not retired yet. The cost of living is getting ridiculous, and when I look at my regular savings or even some of my more traditional investments, the returns just aren't keeping up.

I started putting a portion of my retirement savings into precious metals a few years back, and honestly, it's been a huge relief. Seeing how well gold has held its value (and even gained) compared to everything else losing purchasing power is a real comfort. Glad to know others are feeling the benefit too!

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →