Gold prices got me thinking... anyone else re-evaluating their allocation?

• •Watching these gold prices lately has me feeling a bit antsy, not gonna lie.
• •I've been in the gold game for a good 15 years now, ever since my early days in the oil patch here in Dallas.
• •My portfolio is sitting in that comfortable $700k range, and a significant chunk of that is tied up in physical gold through my IRA.

Watching these gold prices lately has me feeling a bit antsy, not gonna lie. I've been in the gold game for a good 15 years now, ever since my early days in the oil patch here in Dallas. My portfolio is sitting in that comfortable $700k range, and a significant chunk of that is tied up in physical gold through my IRA. For most of that time, it's been my rock, my safe harbor against the wild swings of the market. I've seen it ebb and flow, but recent movements feel... different.

I'm primarily a long-term holder – bought in way back when gold was nowhere near these levels, so I'm still well in the black, which is a relief. But with all the inflation talk, interest rate hikes, and geopolitical craziness, it almost feels like gold should be performing even stronger. Don't get me wrong, I'm not complaining about the gains, but the trajectory lately has me wondering if my allocation needs a tweak. My initial strategy was always about wealth preservation and a hedge against the kind of economic instability we're seeing, and gold has largely delivered on that. But is there a point where you become too reliant on it?

I’ve been eyeing some of the mining stocks, thinking about diversifying within the gold sector itself, rather than just holding bullion. I’m thinking maybe 5-10% of my gold allocation could go into some well-established, dividend-paying miners. It’s a slightly different risk profile, I know, but the upside potential could be significant if gold continues its upward trend. It’s weighing on my mind because, as much as I love gold, I don’t want to miss out on other opportunities or put too many eggs in one basket, even if that basket is solid gold.

Has anyone else in the Gold IRA community been wrestling with similar thoughts? Are you holding steady, or are you making any adjustments to your gold allocation in light of current market conditions? I'm curious to hear what other long-term investors are doing, especially if you've been in this as long as I have.