Question on rebalancing - sitting on a lot of paper gains after this latest run, what's everyone else doing?
- •I’m sitting on a decent amount of paper gains these past few weeks with gold busting through 2100.
- •I usually try to keep my gold/silver exposure at about 10-15% of my total assets, with a small allocation to platinum and palladium in there as well.
- •But with the way the markets are looking, it feels like this run isn't quite over.
I’m sitting on a decent amount of paper gains these past few weeks with gold busting through 2100. My PMs currently make up a solid 18% of my total portfolio, a bit higher than I’d usually like it to be but I’m hesitant to rebalance anything right now. I usually try to keep my gold/silver exposure at about 10-15% of my total assets, with a small allocation to platinum and palladium in there as well. But with the way the markets are looking, it feels like this run isn't quite over.
I’ve been into gold and silver since '08, saw my net worth absolutely clobbered during that crisis and swore I’d never be caught flat-footed again. Been steadily building my holdings ever since. Even put a significant chunk of my family trust into a Gold IRA a few years back, which really paid off. Now, with inflation still a concern and the geopolitical landscape looking shaky, holding onto my physical seems like the smart play, even with these valuations. Real estate development up here in Aspen has been good to me, but that's a whole different beast with its own risks.
Part of me is thinking about taking some profits off the table and perhaps diversifying into some high-yield dividend stocks I've been eyeing, or even putting more into some distressed real estate opportunities that are popping up. But then I look at the dollar, the debt, and just think this is exactly what gold is for. What are some of you other folks doing right now if you’re in a similar position with your precious metals exposure? Are you letting it ride, or trimming a bit?