Gold breaking all time highs - what now?

• •Okay, so gold's just ripped through $2300 and is setting new records.
• •For those of us who've been holding physical gold in our IRAs for a while, this is obviously pretty sweet.
• •I started converting a chunk of my old 401k into a Gold IRA back in late 2019, early 2020, right when things started getting squirrelly.

Okay, so gold's just ripped through $2300 and is setting new records. For those of us who've been holding physical gold in our IRAs for a while, this is obviously pretty sweet. I started converting a chunk of my old 401k into a Gold IRA back in late 2019, early 2020, right when things started getting squirrelly. I put about $150k in then, mostly allocated to physical gold and a little silver. Honestly, the volatility since then has been a bit of a rollercoaster, but seeing it blow past previous highs validates a lot of what I believed about commodities.

Being in the steel industry for decades, you get a feel for how supply chains, geopolitical strife, and just plain old human fear can move markets. Gold, to me, always felt like the ultimate safe haven, especially when governments print money faster than a teenager playing Monopoly. My initial thought process was protecting my nest egg from inflation and economic uncertainty, not necessarily chasing huge gains. But here we are, and those gains are looking pretty good. My IRA is sitting comfortably north of $400k now, obviously not all from gold appreciation alone, but it's been a significant contributor.

So, the big question for all you other Gold IRA folks out there: what's the play now? Do we hold tight, expecting more upside with everything going on globally? Interest rates are still high, inflation is still a concern for many, and let's face it, the world isn't exactly calming down. Or do any of you consider rebalancing, maybe taking some profits and diversifying into other assets within the IRA, like some of the more "traditional" investments that might have lagged?

I'm in Birmingham, and my advisor here is usually pretty conservative, advocating for holding. But I'm curious about the broader sentiment. Is anyone thinking about reducing their gold exposure given these record highs, or are we all just riding this wave higher? Let me know your thoughts – always good to hear different perspectives from people who actually have skin in the game.