Recession Proofing with Gold & Silver - My Strategy & Thoughts
- •Been seeing a lot of chatter lately about recession fears and it got me thinking about my own strategy.
- •For those of us with significant capital invested, it's always on the mind, right?
- •I've been in real estate development for over 25 years up here in Aspen, and I've seen a few cycles.
Been seeing a lot of chatter lately about recession fears and it got me thinking about my own strategy. For those of us with significant capital invested, it's always on the mind, right? I've been in real estate development for over 25 years up here in Aspen, and I've seen a few cycles. One thing that’s always held true for me: don't get caught without some serious metal in your portfolio when things get dicey.
My Gold IRA, for instance, has been a cornerstone of my retirement planning for over a decade. I’m talking about a seven-figure allocation there. Beyond that, I’ve got a substantial amount of physical silver and some platinum/palladium diversified across a few different vaults. The idea is simple: hard assets that aren't tied to the whims of the stock market or the depreciating dollar. I know some folks just park it all in REITs or municipal bonds, but for me, there's a unique sense of security holding something tangible that’s held value for millennia. Call me old school, but my grandfather, who made his money in ranching and mining back in the day, always swore by it.
Currently sitting on a portfolio north of $5 million, and honestly, a good chunk of that stability comes from my precious metals. With the fed doing… whatever it is they’re doing… and inflation still stubbornly high, I just don't see a reason to pull back. In fact, I've been considering adding another chunk to my silver holdings. Any other large investors here feeling the same way? Or am I just being overly cautious from my mountain perch?
I've always been a big believer in not having all your eggs in one basket, especially when that basket is fiat currency or paper assets. What are others doing to recession-proof their portfolios right now? Are you leaning more into gold, silver, or other alternatives? Curious to hear if anyone has thoughts on palladium's performance right now. It’s been a wild ride with that one over the past few years.