Seriously considering putting more into my Gold IRA given these inflation numbers
- •Okay, so I've been watching the CPI reports like a hawk, and honestly, it's making me pretty antsy.
- •I teach financial literacy to some of the older kids, and we've been discussing inflation a lot.
- •The historical data just keeps pointing to gold as a hedge during these times.
Okay, so I've been watching the CPI reports like a hawk, and honestly, it's making me pretty antsy. I've had about $75k in my Gold IRA for a little over three years now, and it's been a steady performer, especially compared to some of my other investments that have been a bit of a rollercoaster lately. As a school principal, I see firsthand how rising costs are impacting families in Little Rock, and it's hard not to connect that to my own financial planning.
I teach financial literacy to some of the older kids, and we've been discussing inflation a lot. The historical data just keeps pointing to gold as a hedge during these times. It’s hard to ignore the feeling that things could get a lot worse before they get better. My gut is telling me to double down a bit here. I'm thinking of moving another $20k or so from some underperforming mutual funds into my Gold IRA.
Anyone else feeling this way? Are you guys increasing your gold holdings right now? I know it's not a get-rich-quick scheme, but for preserving purchasing power, it seems like a no-brainer with how rapidly things are changing. Thoughts on the current gold prices though? Do you think there's still significant upside, or is a lot of this already priced in?