Worried about inflation - Gold IRA has been a godsend
- •Honestly feeling a bit sick to my stomach watching these inflation numbers.
- •It’s sitting right around the $65k mark with Lear Capital, and I gotta say, it’s been a real comfort lately.
- •My biggest concern was protecting what I’ve already accumulated, especially with all the economic uncertainty.
Honestly feeling a bit sick to my stomach watching these inflation numbers. I've got a decent chunk of my retirement savings with the state here in Albuquerque, which is mostly a pension, but I also started a Gold IRA a few years back as a kind of buffer. It’s sitting right around the $65k mark with Lear Capital, and I gotta say, it’s been a real comfort lately.
My biggest concern was protecting what I’ve already accumulated, especially with all the economic uncertainty. I'm late 40s, so I don't exactly have another 20 years to fully recover if the market takes a dive or inflation just eats away at everything. My parents saw their savings get hammered in the 70s, and I've always had that bug in my ear. The peace of mind knowing a portion of my wealth is in something tangible, something that historically holds its value against the dollar, is huge for me. It’s not about getting rich quick, it’s about not getting poor slowly, if that makes sense.
I’m curious, for those of you also looking at gold for inflation protection, what other strategies are you employing? I've mostly stuck to physical gold in the IRA, but I've vaguely heard about gold ETFs or mining stocks. Are those even worth considering in the current climate, or is direct physical ownership still king for this kind of hedge? Any thoughts on diversifying further within the gold sector?