Is anyone else feeling this inflation squeeze and piling into gold as a shield?

Michael Anderson

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Is anyone else feeling this inflation squeeze and piling into gold as a shield?

michael_anderson🏆Advanced (250-500k)

about 1 hour ago

Key Takeaways

•Man, these last couple of years have been a real wake-up call, haven't they?
•Running my construction company here in Chicago, I've seen material costs go absolutely bonkers – lumber, copper, steel, everything is up.
•It’s eating into margins like crazy and makes planning a nightmare.

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Man, these last couple of years have been a real wake-up call, haven't they? Running my construction company here in Chicago, I've seen material costs go absolutely bonkers – lumber, copper, steel, everything is up. It’s eating into margins like crazy and makes planning a nightmare. My gut feeling just kept screaming "tangible assets," so I started looking HARD at how to protect my retirement savings, which is sitting somewhere in the $350k range right now. I’ve always been a believer in stuff you can actually touch, unlike some of the paper promises floating around.

That feeling led me down the rabbit hole of Gold IRAs, and honestly, it's been one of the best decisions I've made. I pulled some significant chunks out of my more volatile positions and rolled them into physical gold. The peace of mind alone is worth a lot, knowing I’ve got something solid that historically holds its value when the dollar starts looking like it's on a diet. I'm not looking to get rich overnight with it; I'm looking for a sturdy foundation that won't get eroded by government spending and quantitative easing.

I was doing some digging the other day, actually, comparing how gold has stacked up against the S&P 500 when things get shaky. There’s a cool tool, the Gold vs Stocks Comparison, that really lays it out. When I look at the 10-year period, it’s pretty clear gold isn’t just some 'barbarous relic' – it’s a solid hedge. What are you all doing to combat this inflation monster? Anyone else seeing similar pressures in their businesses or portfolios?

I still have some silver coins I've collected over the years too, mostly for the novelty, but now I’m wondering if I should be bulking up on those through an IRA as well. The premiums seem to be a bit steeper on silver right now compared to gold, so it makes me hesitate. Any thoughts on silver as a serious inflation hedge compared to gold, especially for IRA purposes?

5 comments

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Best Answer▲ 7 upvotes

andrew_roberts👑Elite (1m-5m)

Totally feel you on the inflation squeeze. It's hitting everyone, not just construction. When you're looking at gold as a shield, though, it's worth remembering that not all gold is created equal for investment purposes. For an IRA, you generally need to stick to IRS-approved bullion, which is typically 99.5% pure like American Gold Eagles, Canadian Gold Maple Leafs, or Gold Buffalos.

Avoid things like collectible coins (numismatics) within your IRA, as they're often more about their rarity value than their gold content, and the IRS has specific rules against them. Good luck!

Comments (5)

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

Dude, preach! I'm in property management and it's the exact same story. Every supplier negotiation feels like I'm playing chicken with a freight train. Started seriously looking into gold and silver last year, and it’s been a crazy ride but definitely feels like a safer haven than just letting cash depreciate. You're not alone in that gut feeling.

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

Totally feel you on the material costs, it's wild out there. You mentioned your gut feeling is driving you towards gold, which makes sense. Are you looking into physical gold specifically, or are you considering things like gold mining stocks or ETFs as well?

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

Totally get the inflation anxiety, it's brutal out there. But while gold definitely has its place as a hedge, I'm personally a bit wary of going all-in right now. Historically, it doesn't always perform as strongly during *every* inflationary period, especially if interest rates keep climbing. Diversification across different asset classes might offer a broader shield than just piling everything into one basket, even a shiny one.

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

Avoid things like collectible coins (numismatics) within your IRA, as they're often more about their rarity value than their gold content, and the IRS has specific rules against them. Good luck!

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

Totally feel this, man. I'm in commercial landscaping and the cost of plants, concrete, even just gas for the trucks, is insane. Used to be able to quote a job and feel pretty good about the numbers for a few months – now it's like I have to bake in a "who knows what happens next?" tax.

My financial advisor's been pushing gold for a while but I finally pulled the trigger on a decent chunk for my Roth IRA last month. Just feels like a no-brainer right now to have *some* kind of hedge against this madness.

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