Who else is seeing huge demand for physical gold right now?
- •Specifically, the growing fear of it and how everyone's scrambling to hedge against it.
- •For me, that means doubling down on what's always worked, which is why I'm moving more into physical gold.
- •I've been a real estate developer for decades, so I'm used to seeing cycles, but this feels different.
I'm in a few different investment circles, some local to Aspen, others online, and the conversations lately are all revolving around one thing: inflation. Specifically, the growing fear of it and how everyone's scrambling to hedge against it. For me, that means doubling down on what's always worked, which is why I'm moving more into physical gold.
My portfolio's been heavy in precious metals for years, probably 15% of my 5M+ at this point, but I'm looking at increasing that to 20-25% over the next 12-18 months. I've been a real estate developer for decades, so I'm used to seeing cycles, but this feels different. The amount of money being printed, the supply chain issues, the labor shortages in my own industry... it all screams "hold onto something tangible." I'm buying more and more directly for my Gold IRA, but also just for personal holdings.
I'm curious, for those of you who are seeing similar trends, what's your take on the current run-up in gold prices? Is this just a short-term blip due to momentary panic, or are we looking at a sustained period of high demand? I've been through a few of these cycles, and usually, the smart money moves before everyone else, but it feels like the "everyone else" is catching on much faster this time around. What kind of allocation are you guys comfortable with in metals right now?