Fed just hiked rates again - my gold IRA feels like a bunker right now. Anyone else?

Michael Anderson

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Fed just hiked rates again - my gold IRA feels like a bunker right now. Anyone else?

michael_anderson🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Another 25bps hike from the Fed today, like clockwork.
•Honestly, with everything going on economically, it just reinforces why I went all-in on a gold IRA a couple of years back.
•I rolled over a big chunk from an old 401k and then added some fresh capital from a good year or two of business growth.

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Another 25bps hike from the Fed today, like clockwork. Honestly, with everything going on economically, it just reinforces why I went all-in on a gold IRA a couple of years back. I’ve got about $380k of my retirement savings wrapped up in physical precious metals, mostly audited and vaulted here in Chicago, and I swear, every time Powell opens his mouth these days, I feel a little more smug about that decision. My construction business has been doing okay, but between materials costs jumping around, labor being tight, and borrowing getting more expensive, I just don't trust keeping a huge chunk in the traditional market anymore.

I rolled over a big chunk from an old 401k and then added some fresh capital from a good year or two of business growth. My financial advisor initially scratched his head a bit, but even he's starting to concede that having tangible assets that aren't tied directly to the stock market's daily rollercoaster is a solid play right now. I just see gold as the ultimate insurance policy. When rates go up, the dollar strengthens, which theoretically makes gold less attractive, but I’m looking at the bigger picture here – inflation, geopolitical uncertainty… it’s a hedge, plain and simple.

It's not about huge gains for me right now; it’s about capital preservation. My dad always said, "Buy dirt, son," and while gold isn't dirt, it's pretty darn close in terms of being a tangible, finite asset that you can hold. Plus, the whole storage situation here in the city is pretty convenient for peace of mind.

Anyone else feeling validated by these rate hikes? Or am I just preaching to the choir here? Would love to hear if others are thinking of adding more to their precious metals allocations given the current climate, especially with more rate hikes potentially on the horizon.

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7 comments

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Best Answer▲ 16 upvotes

timothy_reed💎Premium (500k-1m)

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

Comments (7)

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Totally get this feeling. My 401k took a beating in 2022 and watching those numbers drop was rough. I finally pulled the trigger on a gold IRA earlier this year, not "all-in" like you, but a significant chunk. Every time I hear about another rate hike or some troubling economic news, I actually feel a sense of relief knowing a portion of my retirement isn't directly tied to the whims of the stock market. It's like a mental pressure release valve.

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

Yeah, I hear that. It definitely feels like a good time to have some real assets. $380k in physical is a solid chunk. When you say "mostly audited and vaulted here," does that mean some of it is stored elsewhere, or are you just referring to the specific vaulting company?

joyce_cooper📊Growing (50-100k)✓ Verified•about 2 months ago

I hear ya on wanting that bunker feeling, especially with all the economic uncertainty. But isn't a gold IRA almost *too* much of a bunker in some ways? I mean, it's great for preservation, but with the market volatility, you might be missing out on some potential growth if things do eventually stabilize or even just bounce back a bit. Just a thought!

dorothy_lopez💰Established (100-250k)Real Investor•about 2 months ago

I hear ya! It definitely feels good to have that diversification when things get shaky. A lot of folks are thinking along similar lines these days.

One thing I found super helpful for tracking my precious metals portfolio alongside my other investments is a good personal finance app. Many of them let you manually add assets like physical gold or silver and track their market value over time. Makes it easier to see your overall asset allocation clearly.

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

Totally feel this! I'm in a similar boat, though not quite as deep as $380k. I've got around $150k in my gold IRA and honestly, with all the volatility lately, it's the one part of my portfolio I don't constantly check with a knot in my stomach. It just feels...solid.