So glad I stuck with gold - big payoff after a decade

Brian Edwards

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So glad I stuck with gold - big payoff after a decade

brian_edwards🌟Ultra (5m+)

about 1 hour ago

Key Takeaways

•Just had to share this because it's been a long time coming.
•Been holding physical gold since late 2013/early 2014, mostly coins, some bars.
•My partner and I are sitting on about a $5 million portfolio now, and honestly, the gold holdings are a huge reason we're there.

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Just had to share this because it's been a long time coming. Been holding physical gold since late 2013/early 2014, mostly coins, some bars. Always had a significant chunk of my portfolio in metals, probably around 15-20% even when everyone and their mother was telling me to stick to tech stocks. Living in Aspen, you see a lot of people chasing the next big thing, but my instincts always told me to diversify, especially with a chunky real estate portfolio that's already heavily tied to the market.

My partner and I are sitting on about a $5 million portfolio now, and honestly, the gold holdings are a huge reason we're there. We rode out some dips, for sure, and there were times I questioned it, especially when the mainstream financial news was all doom and gloom about commodities. But seeing the price skyrocket recently? Feels good to be proven right. I mean, we're talking about a significant appreciation on what was already a substantial investment. We're looking at potentially cashing out a portion of it next year to fund a new development project we've been eyeing down in Carbondale, leverage that equity into something tangible.

For anyone on the fence or just starting out, please do your homework. I've always found tools like the Gold vs Stocks Comparison really helpful for getting a long-term perspective. I spent countless hours poring over historical data even before I made my first significant purchase. It's not about getting rich overnight; it's about preserving wealth and having a hedge when other assets go south. Anyone else seeing similar gains from their long-term gold positions? What are your plans for it?

4 comments

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Best Answer▲ 10 upvotes

mark_adams👑Elite (1m-5m)

Dude, preach! I had a very similar experience. Got into gold around the same time, everyone thought I was nuts for not being 100% in on the FAANG train. My boomer relatives were especially vocal about "shiny rocks" not paying off. Well, who's laughing now, right? Feels good to be vindicated.

Comments (4)

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

janet_cook📊Growing (50-100k)•less than a minute ago

That's awesome to hear! Congrats on sticking to your guns. When you say 'mostly coins,' are we talking primarily American Eagles or did you diversify with some other mints/types as well?

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

That's awesome you saw such a great return, congrats! It's definitely satisfying when a long-term play pays off. But I gotta wonder, how much of that is purely gold's performance versus just the general upward trend of *everything* over the last decade? I mean, a diversified portfolio with even a moderate amount of equities would have seen some pretty incredible gains in that same timeframe too, likely outpacing gold in many cases. Just something to consider for folks looking at this as an "all-in" sign.

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

That's awesome to hear! It's always great when conviction pays off, especially with something as foundational as gold. For anyone new thinking about getting into physical gold, a good tip is to choose a reputable dealer and make sure you understand their storage and buyback policies beforehand. It can save a lot of headaches down the line. I've found GoldDealerReviews.com to be a useful site for checking out different dealers and their reputations.

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