Seriously considering adding more gold to my IRA for inflation. Anyone else?

• •I've been watching the inflation numbers trickle out, and frankly, it's making me a bit antsy.
• •My portfolio's been doing great thanks to some strategic plays in tech and biotech, but the long-term outlook for the dollar is giving me pause.
• •Now I'm wondering if it's time to bump up that allocation significantly, especially within my IRA.

I've been watching the inflation numbers trickle out, and frankly, it's making me a bit antsy. My portfolio's been doing great thanks to some strategic plays in tech and biotech, but the long-term outlook for the dollar is giving me pause. I allocated about 5% of my personal investments to physical gold back in '08 when things looked dicey, and that helped me sleep a bit easier through the GFC. Now I'm wondering if it's time to bump up that allocation significantly, especially within my IRA.

Currently sitting on a mid-1M portfolio, and I'm thinking of moving another 5-7% into gold, specifically within my self-directed IRA. I'm based in Greenwich, and a few of my colleagues, who also manage funds, have been quietly increasing their precious metals exposure, though mostly in their personal accounts. The thought of protecting purchasing power feels more critical than ever. We're not just talking about a couple of percentage points anymore; it feels like something more systemic. What are people seeing out there? Are you focusing on specific types of gold, like American Gold Eagles, or just generic good delivery bars?

I know the traditional arguments against gold (no yield, storage costs, etc.), and I get it. But as a hedge, especially against sustained inflation that could really eat into long-term wealth, it feels like a prudent move. I've always viewed it as insurance, not a growth engine. My wife is a bit skeptical, thinks it's a bit too "doom and gloom," but when you're managing multi-billion dollar funds, you learn to look at every angle, even the less optimistic ones. Are others feeling the same pressure to inflation-proof their retirement accounts, beyond just TIPS?

Really curious to hear if anyone’s made a similar move recently, or if I'm overthinking this. Any specific concerns or recommendations for providers who handle IRA precious metals smoothly? I'm debating between a couple of custodians I've used for other alternative assets, but always open to hearing about others' experiences.