Fed hiking cycle - how are you all feeling about gold long term?
- •Okay, so the Fed just keeps doing its thing, raising rates, and honestly, it’s got me thinking more about my Gold IRA than usual.
- •I’ve been in the casino industry here in Vegas for like, 25 years, so I understand risk.
- •You see cycles come and go, but this feels a little different with the sheer amount of uncertainty floating around.
Okay, so the Fed just keeps doing its thing, raising rates, and honestly, it’s got me thinking more about my Gold IRA than usual. I’ve been in the casino industry here in Vegas for like, 25 years, so I understand risk. You see cycles come and go, but this feels a little different with the sheer amount of uncertainty floating around. I’ve got about $180k tucked away in my Gold IRA, mostly in bars and some Eagles, which I moved a good chunk into back in late 2021 when I started feeling uneasy about inflation. Glad I did then, but now with these continuous hikes, it feels like we're in a bit of a holding pattern.
My concern isn't really short-term price fluctuations – I'm in this for the long haul. I'm talking about preserving wealth and having a hedge against what feels like an increasingly fragile global economy. When the Fed signals they're not backing down anytime soon, it tends to strengthen the dollar, which historically puts pressure on gold. But then you’ve got all the geopolitical stuff, the debt ceiling… it's a real tug-of-war for gold's value. I've always thought of physical gold as the ultimate safe haven, regardless of interest rates, but it does make you question how much of a drag a super aggressive Fed can be.
What are others thinking about the long-term outlook for gold with this kind of hawkish Fed policy? Are you guys sitting tight, or re-evaluating your allocations? I'm using the Retirement Planner tool to re-stress test my overall retirement strategy, and it’s been helpful to visualize different scenarios beyond just the typical stock/bond portfolio. Just curious if anyone else is having similar thoughts or if I'm overthinking the direct impact of these rate decisions on gold's role as a store of value.