Fed Decision - How's everyone feeling about their gold rounds for the rest of the year?
- •Okay, so the Fed just held rates steady, which honestly, wasn't a huge shocker.
- •But it's got me thinking about what that really means for the next 6-12 months, especially for our precious metals.
- •I'm a manufacturing exec here in Cleveland, and hard assets just resonate with me in a way stocks never quite will.
Okay, so the Fed just held rates steady, which honestly, wasn't a huge shocker. But it's got me thinking about what that really means for the next 6-12 months, especially for our precious metals. I've got a good chunk of my retirement in a Gold IRA – probably sitting around $300k-$350k of it in physcial gold, mostly 1oz and 1/2oz gold rounds, and a decent amount in silver too. I'm a manufacturing exec here in Cleveland, and hard assets just resonate with me in a way stocks never quite will. You can hold it, you can touch it, you know?
My initial thought was that a hold would keep things relatively stable for gold, maybe a slight bump as the uncertainty settled. No immediate rate hike means less pressure on non-yielding assets, right? But then I start spiraling a bit. If inflation stays sticky and rates eventually have to go up higher for longer, what does that do to our gold? I've been really happy with how my rounds have been performing since I started seriously investing a few years back, but I'm trying to look ahead.
The whole "higher for longer" narrative gives me pause. Is anyone else thinking about rebalancing or adding more to their gold position based on this latest Fed news? I bought a good bit back when things were a bit lower, so I'm sitting on some nice gains. Part of me wants to double down on the dips, but the other part is just trying to assess the macroeconomic tea leaves.
What are your strategies looking like for the rest of 2024 and early 2025, specifically regarding your physical gold holdings? Are you anticipating a stronger push for gold as an inflation hedge, or do you think the Fed's stance will keep it consolidating for a while? Always interested to hear other investors' takes on this. Especially from those of you who also prefer physical.