Still bullish on gold with this inflation? Anyone else?

Laura Sanchez

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Still bullish on gold with this inflation? Anyone else?

laura_sanchez💰Established (100-250k)

about 2 months ago

Key Takeaways

•Okay, with CPI numbers still looking spicy, I gotta ask: who else is feeling pretty good about their Gold IRA right now?
•I put about 15% of my portfolio, roughly $35k, into physical gold a couple of years back when everyone was calling it a boomer rock.
•My gut told me something was off even pre-COVID, and then the money printer just went BRRR.

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Okay, with CPI numbers still looking spicy, I gotta ask: who else is feeling pretty good about their Gold IRA right now? I put about 15% of my portfolio, roughly $35k, into physical gold a couple of years back when everyone was calling it a boomer rock. My gut told me something was off even pre-COVID, and then the money printer just went BRRR. Glad I listened to my gut.

Being down here in El Paso, I see firsthand how quickly things can shift, not just economically but geopolitically. That cross-border perspective definitely makes you appreciate real, tangible assets. I’ve always operated with a bit of a "plan for the worst, hope for the best" mindset running my import/export business, and gold fits right into that. My main concern isn't just the dollar losing purchasing power here, but global stability – which, let's be honest, feels shakier than ever.

I know some people bash precious metals for not having "yield," but when the alternative is watching my cash lose 5-7% buying power officially (and probably more in real terms for things I actually buy), dividend stocks just don't offer the same peace of mind for that specific portion of my portfolio. I’m not selling my growth stocks, but for that safe-haven allocation, it feels like gold is doing exactly what it's supposed to do. Been thinking about adding another 5% on dips, especially if we see another shakeout.

Anyone else in a similar boat, feeling validated about their gold allocation these days? Or am I just preaching to the choir here? What are your current thoughts on diversifying more into physical given current economic forecasts? Always good to hear other perspectives from people actually in the game.

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5 comments

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david_brown💎Premium (500k-1m)

Absolutely, still bullish doesn't even begin to cover it. I remember 2008, sitting in my Beacon Hill apartment, watching my 401k just evaporate like morning mist off the Charles River. It was gut-wrenching. Lost nearly 30% of what I'd painstakingly built up over two decades in the blink of an eye. That taught me a brutal lesson about diversification, or rather, my absolute lack of it. It was all "growth" stocks, baby!

Fast forward to a few years ago, when the whispers of inflation started getting louder, alongside the sheer insanity of money printing, I felt that familiar knot in my stomach. This time, though, I was prepared. Rolled about 300k from my old traditional IRA into a Gold IRA. The process was a bit of a headache with all the paperwork, but working with Augusta Precious Metals made it manageable. They weren't pushy, just informative, and helped me understand the difference between allocated and unallocated storage – something I never knew existed.

Now, seeing how prices have skyrocketed – my weekly grocery bill for two is

Comments (5)

dorothy_lopez💰Established (100-250k)Real Investor•about 2 months ago

Dude, preach! I did something similar, though with a smaller chunk. Moved about 10% into a Gold IRA in late 2019, just a hunch. My buddy was *convinced* I was throwing money away on "shiny paperweights." Fast forward to now and... well, let's just say he's asking for tips on setting up his own. It's been a solid hedge, for sure.

donna_rogers🏆Advanced (250-500k)Real Investor•about 2 months ago

Interesting play with the 15% in physical. Did you opt for mostly coins or bars with that $35k, and any particular reason why you leaned one way over the other?

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

I get the sentiment, and I'm generally pro-gold as a diversification tool, but "bullish" might be a strong word with the current rate environment. While inflation *can* be good for gold, higher interest rates usually aren't, as they make non-yield-bearing assets less attractive. Are we sure we're not just seeing gold hold its own rather than truly skyrocketing?

I'm holding my gold, but definitely not adding more right now. Seems like a lot of uncertainty for a strong bullish stance.

robert_thompson💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Absolutely still bullish on gold! It's been a reliable hedge for centuries. For anyone looking to dig deeper into how inflation impacts precious metals, the World Gold Council has some fantastic research and reports that are super accessible. Worth a look if you're trying to understand the macroeconomic picture!