Scared money, easy money? My Gold Rounds are feeling heavy these days
- β’Honestly, I'm starting to wonder if I pulled the trigger too soon, or if this is just the beginning.
- β’I converted about 20% of my portfolio into physical gold rounds primarily in early 2022.
- β’Living in Dublin, OH, things felt a bit too good, tooβ¦ easy.
Honestly, I'm starting to wonder if I pulled the trigger too soon, or if this is just the beginning. I converted about 20% of my portfolio into physical gold rounds primarily in early 2022. I had just sold off my last tech venture β a pretty sweet exit that left me with a comfortable 7-figure nest egg, around $3.5M after taxes and all the celebrations. Living in Dublin, OH, things felt a bit too good, tooβ¦ easy. The writing was on the wall with inflation, supply chain issues, and frankly, some of the government spending just felt unsustainable. So, rounds it was β figured it was a solid, tangible hedge.
Now, Iβm seeing articles everywhere about inflation fears driving gold demand, and part of me is feeling pretty smug, like "told you so." But the other part is getting a little antsy. Are we at peak "gold as an inflation hedge" sentiment? My rounds are sitting in a secure vault, appreciating on paper, but Iβm seeing demand absolutely skyrocket, pushing premiums higher. Is this sustainable, or are we building up to a correction?
I know I diversified for a reason β this isn't my whole portfolio by any stretch. But the sheer volume of new money pouring into gold, especially rounds because they're so accessible, makes me wonder if the market is getting a bit overheated. Is anyone else feeling this push-pull? For those of you who've been in gold longer than my relatively short stint, what are your gut feelings right now? Are we in for a long, steady climb or a rollercoaster?