Inflation is eating away at my pension, glad I have my gold to fall back on

• •Watching these inflation numbers come out every month is getting seriously depressing.
• •I worked for nearly 35 years for one of the Big Three here in Detroit, busted my ass, and thought I had a pretty solid retirement plan.
• •Now, it feels like every trip to the grocery store or the gas station is just chipping away at that security.

Watching these inflation numbers come out every month is getting seriously depressing. I worked for nearly 35 years for one of the Big Three here in Detroit, busted my ass, and thought I had a pretty solid retirement plan. Now, it feels like every trip to the grocery store or the gas station is just chipping away at that security. My pension, bless its heart, just isn’t stretching like it used to. It's not like they're giving cost-of-living adjustments that actually keep up with reality.

This is exactly why I got into gold nearly two decades ago. I remember seeing how volatile things got back in the early 2000s and thinking, "There has to be something more stable." Started with a few American Gold Eagles here and there, then slowly built it up. Now, with a portfolio between $500k and $1M, a significant chunk of that is in physical gold. Mostly coins, because I like the tangible aspect and the recognized value. Call me old school, but holding an actual coin feels a lot more real than a number on a screen when the economy goes sideways.

Honestly, sometimes I feel a bit validated by how gold is performing right now while everything else seems to be crumbling. It’s not about getting rich quick, it’s about preserving what I’ve earned. With all the talk of central banks buying up gold, and individuals flocking to it because they're tired of watching their dollar lose purchasing power, it just reinforces what I've believed for so long. Is anyone else out there feeling this same relief, knowing they diversified into gold before this latest inflation surge really hit?

What are folks’ thoughts on how this current inflation cycle will affect gold prices in the long term? We seeing a new floor established, or is this just a bump along a much higher road for gold? Curious to hear from others who have been in this game a while.