Fed decision looking spicy next month for my Palladium IRA
- •Anyone else feeling a bit antsy about the upcoming Fed meeting?
- •With inflation numbers still stubbornly high, I'm genuinely curious what Powell's going to pull out of his hat.
- •I've been in precious metals for about 15 years now, started with gold when I was still elbow-deep in the oil fields here in Dallas.
Anyone else feeling a bit antsy about the upcoming Fed meeting? With inflation numbers still stubbornly high, I'm genuinely curious what Powell's going to pull out of his hat. My Palladium IRA has been a solid performer for me over the last few years, but I'm trying to gauge how much these potential rate hikes might impact its trajectory.
I've been in precious metals for about 15 years now, started with gold when I was still elbow-deep in the oil fields here in Dallas. My portfolio's sitting comfortably between 750k and a million these days, and a decent chunk of that is in palladium. I diversified into it a few years back mainly because of its industrial demand, figuring that would hedge some of the pure speculation we sometimes see with gold. It's done well, but I'm always looking at the next chess move.
I remember back in '08, watching the market rollercoaster and feeling pretty good about my gold holdings, but palladium is a different beast entirely. We've seen some pretty wild swings for it in the past, and I'm wondering if a more aggressive Fed could cool things down a bit too much, even with supply constraints. Are you guys expecting a significant dip if they go another 50 or 75 basis points?
I'm contemplating whether to rebalance a small percentage of my palladium into something else if we see a substantial jump in rates, or if this is just a blip on the radar for long-term holders. What are your thoughts on palladium's resilience in a rapidly rising interest rate environment? Any other long-term PM investors out there feeling similar jitters?