My Gold IRA - Thoughts on inflation protection and
- •Anyone else feeling this inflation pinch, even with a decent portfolio?
- •My portfolio’s north of $5M, with a good chunk in real estate, but I've always been a big believer in diversifying with precious metals.
- •Specifically, my Gold IRA has been a core part of my inflation protection strategy for years.
Anyone else feeling this inflation pinch, even with a decent portfolio? I’m sitting here in Aspen, watching the prices go up on everything from lumber for my latest development project to the damn Wagyu at the grocery store. My portfolio’s north of $5M, with a good chunk in real estate, but I've always been a big believer in diversifying with precious metals. Specifically, my Gold IRA has been a core part of my inflation protection strategy for years.
I started really stacking heavy metal back in the early 2010s, after seeing how quickly things could go south. The general consensus back then was that gold was the ultimate hedge against a devaluing dollar, and honestly, it’s held up surprisingly well through various economic cycles since. I'm talking significant holdings in physical gold and silver, not just paper ETFs. My concern now is about the velocity of this inflation. It feels different this time around, more persistent. While my property values have soared (which is great on paper), the cost of doing business is eating into margins. For those of you with Gold IRAs, are you feeling well-protected?
I’ve been eyeing some platinum and palladium lately as well, thinking about further diversifying within the metals space. Any thoughts on their role as inflation hedges compared to gold and silver, especially in a potentially longer period of high inflation? My gut says gold remains king, but I’m always open to hearing different perspectives. What are your specific strategies right now for safeguarding your wealth against this current inflationary environment? Are you adding more physical gold to your Gold IRA, or looking at other precious metals?