Is anyone else feeling antsy about pulling the trigger on more gold rounds with everything going on?
- •I’ve been watching the market pretty closely the last few months, and honestly, the whole "timing the market" vs.
- •"time in the market" debate is really getting to me.
- •I've got about $70k in my Gold IRA right now, mostly in American Gold Eagles and some Canadian Maples, which I love.
I’ve been watching the market pretty closely the last few months, and honestly, the whole "timing the market" vs. "time in the market" debate is really getting to me. I've got about $70k in my Gold IRA right now, mostly in American Gold Eagles and some Canadian Maples, which I love. I'm sitting on another 15k just waiting to get into some straight gold rounds, probably from a reputable mint like PAMP or Perth, but every time I think about hitting "buy," I second-guess myself.
My business, mainly focused on fresh produce distribution here in Fresno, has been pretty steady, but I'm seeing the writing on the wall with supply chain jitters and inflation creeping into everything from diesel to fertilizer. It makes me even more convinced that real assets are the way to go. I got into gold a few years back because I believe in tangible wealth, especially when fiat gets wobbly. It’s been a good shield, no doubt, but now I'm wondering if I should wait for a dip, or if I'm just being silly and should just get the capital in the ground.
Part of me thinks with interest rates where they are, we're bound for a correction, and maybe gold will briefly pull back from its current highs. But then the other part of me, the one that’s seen too many "coulda, woulda, shoulda" moments, says just buy and forget about it. That 15k could easily become $17k or $18k in gold if I just wait a few months, or it could be $13k. My biggest fear is getting in at the top, only to see it drop 5-10% right after I buy. That feels like a punch to the gut after all this planning.
Anyone else in a similar boat, specifically with gold rounds? Are you waiting for a perceived dip, or just dollar-cost averaging your way in regardless? What's your gut telling you about gold's near-term trajectory? I've been doing this for a while, but it still feels like a gamble sometimes.