Question about rebalancing gold in my portfolio - thoughts on selling some Eagles?
- •Hey everyone, I’m a long-time lurker, first-time poster – usually just soak up all the great advice here.
- •Been thinking about rebalancing my portfolio lately and wanted to get some insight from fellow gold investors.
- •I originally got into gold a few years back as a hedge against inflation and market volatility, and it’s served me pretty well.
Hey everyone,
I’m a long-time lurker, first-time poster – usually just soak up all the great advice here. Been thinking about rebalancing my portfolio lately and wanted to get some insight from fellow gold investors. I’m a doctor here in Boston, and I’ve got a pretty diversified portfolio, somewhere in the 7-figure range, with a solid chunk dedicated to physical gold, mostly American Gold Eagles. I originally got into gold a few years back as a hedge against inflation and market volatility, and it’s served me pretty well.
Right now, gold accounts for about 12% of my total assets, which is a bit higher than my target 8-10%. The recent run-up has been fantastic, but it's making me consider trimming some fat. I’m thinking about selling off a portion of my Eagles to bring me back into that target range.
My main concern is the tax implications, obviously. I’ve been playing around with that Tax Calculator tool on Gold IRA Blueprint, and it’s been really helpful for visualizing the capital gains, but I’m still a little torn. Has anyone here recently rebalanced by selling off physical gold? What was your experience like? Did you regret selling or were you glad to lock in some profits?
Also, any thoughts on whether to wait a bit longer for another potential spike or if now’s as good a time as any to take some gains? Appreciate any and all advice!