So, about this ridiculous inflation... what's everyone doing with their gold?
- β’Caught this headline this morning about inflation stubbornly holding firm, and it got me thinking.
- β’I remember back in the late 70s and early 80s, watching firsthand what runaway inflation could do to savings.
- β’That experience really cemented my belief in gold as a long-term inflation hedge.
Caught this headline this morning about inflation stubbornly holding firm, and it got me thinking. I'm a good chunk into my retirement here in NYC, and frankly, my gold allocation has been a significant part of keeping my portfolio from getting completely reamed over the last couple of years. We're talking a substantial chunk of my 7-figure nest egg, and it's mostly physical through a Gold IRA, with a bit of mining stock sprinkled in for good measure.
I remember back in the late 70s and early 80s, watching firsthand what runaway inflation could do to savings. That experience really cemented my belief in gold as a long-term inflation hedge. Itβs part of the reason I leaned so heavily into it after I stepped away from Wall Street. But now, with inflation proving to be more persistent than anyone initially predicted β and letβs be honest, the Fedβs messaging has beenβ¦ inconsistent β I'm curious about how others are strategizing.
Are you guys still viewing gold primarily as an inflation protector, or are there other angles youβre playing? Are you increasing your allocation, or are you holding steady? Iβm always poking around for new insights, and actually found some really solid historical data and economic breakdowns on the Gold IRA Blueprint Learning Center recently. Itβs a good resource if youβre looking to dive deeper into the macroeconomic stuff.
My personal belief is that gold isnβt just about protecting against inflation, but also about hedging against currency debasement and geopolitical instability, both of which feel like theyβre cranked up to 11 right now. Thoughts? What's your play for the next 12-18 months?