Inflation picking up again? Anyone else getting serious
- •Okay, so I've been watching the CPI reports like a hawk, and honestly, the latest numbers are making me a little antsy.
- •I remember the late 70s/early 80s, and that was no fun for anyone trying to build wealth.
- •It wasn't about getting rich quick, but more about preserving purchasing power, especially when the dollar looks like it's taking a beating.
Okay, so I've been watching the CPI reports like a hawk, and honestly, the latest numbers are making me a little antsy. I know the Fed wants to talk about a "soft landing," but when I see food prices still climbing and gas being, well, gas, it just screams inflation to me. As someone who's spent decades planning for retirement security (military pension is great, but diversification is key!), this always puts me on edge. I remember the late 70s/early 80s, and that was no fun for anyone trying to build wealth.
I put a good chunk of my portfolio, probably around $350k, into a Gold IRA about five years ago, mostly physical bullion, and it's been a steady rock. It wasn't about getting rich quick, but more about preserving purchasing power, especially when the dollar looks like it's taking a beating. Now, with all this talk about government spending and potential debt ceiling shenanigans down the road, I'm genuinely considering adding more to my allocation. I'm based out here in San Diego, and even the local economy feels like it's trying to run a marathon on a treadmill – a lot of activity, but is it sustainable without fueling more price increases?
Anyone else feeling this renewed push towards precious metals because of inflation concerns? Or am I just being overly cautious? I've seen some articles suggesting institutional investors are also starting to pivot more into gold, which usually gets my attention. Is anyone actively looking to buy more now, or are you holding off to see how these next few economic reports shake out? Curious to hear what strategies others are deploying right now.