Just locked in some more Gold Eagles - felt right given the uncertainty
- •Dipped into the market this morning and grabbed another tranche of American Gold Eagles.
- •Been watching the news cycle with a bit of a grimace lately.
- •My existing precious metals allocation is around 10% of my total, split between Gold Eagles and a few hundred ounces of silver.
Dipped into the market this morning and grabbed another tranche of American Gold Eagles. Been watching the news cycle with a bit of a grimace lately. The inflation numbers, the Fed’s signals, and the general feeling from folks I talk to in Virginia Beach… it just screams that a pretty rough patch is on the horizon. My portfolio, which is pushing just shy of $3 million right now—mostly in diversified equities and some real estate—has seen better days, and frankly, I don't see things improving much in the short term. Always been a believer in disciplined financial strategy, going back to my Navy days, and right now, that discipline is telling me to shore up the defenses.
My existing precious metals allocation is around 10% of my total, split between Gold Eagles and a few hundred ounces of silver. This recent purchase nudges it up to about 12%, specifically targeting the gold side. For me, it's less about trying to make a quick buck and more about capital preservation. As a retiree, the last thing I need is a significant erosion of my savings during what could be a prolonged downturn. I've been through a few market cycles over the decades, and while each one is different, the underlying principles of asset protection rarely change. Feels good to have tangible assets that aren't tied directly to the whims of corporate earnings or government policy.
Anyone else feeling this same push to de-risk and move into more stable assets? I know some folks swear by bonds, but with interest rates still wonky, I'm just not seeing the same appeal right now. What strategies are you all employing to weather this potential recession? I've been spending a good bit of time on that Retirement Planner tool, running different scenarios with various precious metals allocations to stress-test my retirement income. It's been pretty insightful, especially for visualizing the impact of a sustained bear market on my planned withdrawals. Worth a look if you haven't tried it.