Fed decision is in - feeling good about physical gold for once
- •Well, the Fed did what everyone expected.
- •Personally, I was already positioned for this, but it still feels good to see the market react the way it has.
- •Been watching my gold stack like a hawk these past few weeks, and honestly, this decision just reinforces why I went heavy on gold rounds years ago.
Well, the Fed did what everyone expected. Personally, I was already positioned for this, but it still feels good to see the market react the way it has. Been watching my gold stack like a hawk these past few weeks, and honestly, this decision just reinforces why I went heavy on gold rounds years ago. Got around $1.5M in physical, mostly 1oz and 10oz rounds. My son was bugging me to diversify out of metals and into more tech last year, but I held firm. Glad I did. We're developing a new luxury complex just outside Aspen, and honestly, the uncertainty around interest rates was making me a little antsy about borrowing costs for the next phase. This clarity helps, even if it's not the ideal scenario for new debt.
My portfolio’s taken a few hits on the real estate side over the past 12 months, especially with some of the commercial spaces I own down in Denver. The residential market in Aspen stays strong, thank god, but it's not immune to everything. Having that quarter-million in gold just sitting in the secure vault here feels a lot more comforting than it did six months ago when everyone was screaming about inflation being "transitory." It feels like the smart money is finally moving back to tangible assets, doesn't it?
I’m curious how other long-term gold holders are feeling right now. Are you looking to add more, or are you holding tight and waiting for the next move? My gut says we could see another leg up, but I'm always open to hearing counter-arguments. What's your play for the rest of the year?