Gold breaking all-time highs - what now?

Andrew Roberts

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Gold breaking all-time highs - what now?

andrew_roberts👑Elite (1m-5m)

about 2 hours ago

Key Takeaways

•Well, here we are boys and girls.
•Gold just smashed through nominal all-time highs.
•$2140+ as I type this.

See what your 401(k) could look like in gold

Well, here we are boys and girls. Gold just smashed through nominal all-time highs. $2140+ as I type this. For someone like myself, who’s had a significant portion of my portfolio – we’re talking high six figures, seven figures depending on how you count it – in physical gold and a Gold IRA for donkey’s years, this feels… good. Not going to lie. I remember my financial advisor back in ‘08-’09 giving me the side-eye when I told him I was going heavier into metals, especially after leaving my CEO role and having more time to really dig into the macroeconomic picture. I was looking for true wealth preservation, not chasing short-term gains, and my Palm Beach neighbors thought I was crazy.

I distinctly recall adding a substantial chunk at ~$1700 and then another at ~$1900. It felt like I was catching a falling knife at times, but the underlying fundamentals just screamed "buy." Persistent inflation, geopolitical instability – feels like we've been saying that for over a decade, doesn’t it? The Fed's dance with interest rates, the national debt numbers… it all points to a continued need for hard assets. This surge isn't just a fleeting moment; it's a validation of a long-term thesis for many of us who’ve been holding strong.

So, now that we’re here, what’s everyone thinking? Is this just the appetizer before the main course? I’ve gone beyond pure gold exposure in recent years, adding some silver and even a bit of platinum, especially with its industrial applications, but gold remains the bedrock. Do you see a pullback coming, or is this momentum going to carry us higher, perhaps sustainably above $2200, $2300 in short order? I’m particularly interested in opinions on how global central bank actions might influence things going forward. Are other people feeling like this is just a sign of greater things to come, or a temporary peak fueled by current events?

3 comments

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Best Answer▲ 9 upvotes

paul_hill🏆Advanced (250-500k)

Totally get the excitement, and it's awesome for those who've been in since way back when. But, I think it's worth remembering that "all-time high" is usually thrown around without adjusting for inflation. When you look at it that way, gold's still got a bit of a climb to match its 2011 peak, let alone the early 80s. Still great, but maybe not quite the "smash through" it feels like in nominal terms.

Comments (3)

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Dude, I know exactly what you mean. My Gold IRA holdings are looking pretty sweet right now too! I remember feeling like a genius, and a bit of a contrarian, when I first started moving some of my 401k into a Gold IRA a few years back. The gains over the last year alone have been wild. It's definitely a good feeling to see that foresight pay off so handsomely, especially with all the market turbulence elsewhere.

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

Congrats on the gains! Sounds like you're sitting pretty. Out of curiosity, are you fully allocated to physical gold in your IRA, or do you have some gold-backed ETFs or mining stocks mixed in there too?