This inflation BS is getting out of hand - anyone else stacking more physical?
- •Seriously, this "transitory" nonsense is wearing thin.
- •I’ve been through a few cycles on the Street, and this feeling in the air… it’s different.
- •It’s not just talk, you see it at the grocery store, at the gas pump.
Seriously, this "transitory" nonsense is wearing thin. Every time I open a paper (yeah, I still read physical papers, sue me) or flip on Bloomberg, it's more talk about raging inflation, supply chain nightmares, and pretty much every indicator pointing to a dollar that's buying less and less. I’ve been through a few cycles on the Street, and this feeling in the air… it’s different. It’s not just talk, you see it at the grocery store, at the gas pump. My dry cleaning bill went up 10% last month!
My portfolio's been heavily weighted in metals for years, probably 60-70% of my 3 million-ish being in physical gold and silver, plus some mining stocks. And frankly, I'm glad. My real estate holdings here in the city are doing their thing, but that metals allocation is what's really keeping my blood pressure down lately. Seeing gold hold its own, even make some decent moves, while everything else feels like it's on a greased slide to oblivion? It’s a comforting sight. Thinking about adding more silver coins to the stack – fractional stuff, maybe some pre-1964 junk silver just to have some truly divisible assets.
Anyone else feeling this intensified pull towards physical assets right now? Are you aggressively rebalancing, or just letting your current allocation ride? I’m particularly interested in what other folks nearing/in retirement are doing. I officially hung up my trading jacket three years ago, and while the monthly distributions from my legacy investments are great, gotta make sure they're not just buying half of what they used to. On another note, for those of us with IRAs, don’t forget to keep an eye on your RMDs. I found this RMD Calculator tool pretty straightforward when I was mapping out my withdrawals for this year’s planning. Might be useful for some of you as well.
Stay safe out there, gentlemen (and ladies). This economic climate feels like a minefield.