Seriously considering adding more gold, inflation is starting to feel real
- •Okay, so I’ve been looking at my portfolio lately, and honestly, the inflation numbers are making me a little antsy.
- •I've got a decent chunk, about $60k, in my Gold IRA right now, mostly American Gold Eagles and some Canadian Maples.
- •My concern isn't just about my retirement savings losing purchasing power, though that's a big part of it.
Okay, so I’ve been looking at my portfolio lately, and honestly, the inflation numbers are making me a little antsy. I've got a decent chunk, about $60k, in my Gold IRA right now, mostly American Gold Eagles and some Canadian Maples. I started it a few years back specifically to supplement my pension when I eventually retire from my government job here in Albuquerque, and it's done pretty well for me so far. But with everything going on, especially these rising prices at the grocery store and just generally everything feeling more expensive, I'm starting to think I should DCA a bit more aggressively into physical gold.
My concern isn't just about my retirement savings losing purchasing power, though that's a big part of it. It's also just the feeling of uncertainty. Gold has always felt like a safe haven, a real asset you can hold, unlike just numbers on a screen. I know some people here prefer mining stocks or ETFs, but for me, having the actual coins gives me a lot more peace of mind. It's a tangible hedge against all this economic volatility.
I was originally planning to just hold steady for a while, but now I’m seriously considering putting another $5-10k into more Eagles. I've been eyeing a few dealers online, but if anyone has recommendations for reliable places or specific coins they've had good experiences with recently, I'd love to hear them. Are any of you feeling the same way about inflation right now? How's it affecting your gold strategy?