Gold - has it topped?

[Namisgr11]

The heck with gold (jesting), it's silver that's been riding the rocket ship to the moon.

I have a bit of gold through the IAU trust, and plan to continue to hold it for the long term despite already locking in a little profit. I also own some equities, but in a mix of US indexes and non-US markets, the latter of which have been outperforming US stocks by some margin over the past year, in addition to benefiting from currency changes. But I'm also well into retirement, and the bulk of our investing is in a US money market fund that paid a little over 4% for 2025, and a couple of short-term bond mutual funds with 4% yields and a bit of capital appreciation as bond prices have been on the rise. We're beyond the point of looking to build money, but instead want to protect what we've already got.

My only other asset class of note is biotechnology. Having worked as a scientist in the industry for 13 years, including 9 as a department founder with a start-up that became successful, and then another 20+ at a well known academic medical center, it's a field I've got expertise in that most investors do not.