Thinking about metals for recession proofing - my take and thoughts needed
- •Starting to get that familiar pit in my stomach with all the economic news lately.
- •I've been a Gold IRA investor for about three years now.
- •Initially, it was just a small portion of my portfolio, maybe 10% of my roughly $400k.
Starting to get that familiar pit in my stomach with all the economic news lately. Feels a lot like '08 all over again, and frankly, after serving my time and finally getting to a solid financial place, the idea of a major recession eating into my retirement fund really keeps me up at night. I've been a Gold IRA investor for about three years now. Initially, it was just a small portion of my portfolio, maybe 10% of my roughly $400k. But in the last six months, I've seriously upped that to closer to 20-25%.
My thinking was always about capital preservation, especially with a significant portion of my retirement being military pension, which is great, but I still want to grow that additional nest egg. I'm based here in San Diego, and the cost of living alone is enough to make you constantly think about financial security. I’ve primarily focused on gold, a mix of coins and bars, held with a reputable custodian. I briefly looked into silver, palladium, and platinum, but always came back to gold feeling like the most established and historically resilient asset during downturns.
So, for those of you who also hold precious metals, especially with recession fears looming, what's your current strategy? Are you increasing your allocation? Diversifying into other metals, or sticking primarily with gold? I'm curious what others are doing with portfolios in a similar range. My goal isn't necessarily massive gains right now, but rather to minimize potential losses if things really go south.