Gold price extends decline ahead of Fed decision

• •Looks like spot gold is down another 1.3% to around $4,510 an ounce, extending the 2% drop for the week.
• •I remember back in '08, gold actually held up pretty well during the crash, which is why I've always kept a decent chunk in it as a hedge.
• •My wife and I are thinking about retirement in the next 10-15 years, so capital preservation is becoming more and more important to us.

Hey everyone,

Just read this article about gold prices continuing their slide (https://www.mining.com/gold-price-extends-decline-ahead-of-fed-decision/). Looks like spot gold is down another 1.3% to around $4,510 an ounce, extending the 2% drop for the week. Honestly, this isn't entirely unexpected given the upcoming Fed decision, but it always makes me a little antsy when I see my precious metals portion taking a hit. I remember back in '08, gold actually held up pretty well during the crash, which is why I've always kept a decent chunk in it as a hedge. My wife and I are thinking about retirement in the next 10-15 years, so capital preservation is becoming more and more important to us. I've been dabbling a bit in silver as well lately, thinking about its potential if gold stays flat for a while. Funny enough, I stumbled across this Gold IRA Blueprint tool the other day when I was comparing silver's performance against stocks over the last decade – pretty interesting to see the historical data laid out.

What are your thoughts on this latest dip? Are you guys buying the dip, holding, or re-evaluating your positions? Curious to hear from those of you who have been in this game longer than I have and what your strategy is given the current market climate.