Fed news and My Silver Stack - Anyone Else Sweating?
- •Okay, so the Fed rate decision came down, and I'm sitting here in Boise looking at my silver holdings with a bit of a furrowed brow.
- •I imagine I'm not alone in feeling this.
- •My concern, naturally, is what these higher interest rates mean for precious metals.
Okay, so the Fed rate decision came down, and I'm sitting here in Boise looking at my silver holdings with a bit of a furrowed brow. I imagine I'm not alone in feeling this. I've got a decent chunk, probably around $70k of my retirement portfolio, tied up in various silver coins – mostly American Eagles and Canadian Maples, with a smattering of Perth Mint kookaburras for good measure. I started building this stack seriously about two years ago, focusing on physical ownership within my IRA, and it’s been a pretty solid ride until recently.
My concern, naturally, is what these higher interest rates mean for precious metals. On the one hand, conventional wisdom says higher rates make non-yielding assets like silver less attractive. But then I think about all the geopolitical instability and the looming federal debt – doesn't that kinda also push people towards safe havens? As mayor here, I'm always thinking about the long-term health of our community, and that naturally spills over into how I manage my own finances. I’ve always seen silver as a hedge against inflation and a way to preserve purchasing power, especially looking fifteen or so years down the line when I’m truly looking to wind down from public service.
I know we're talking about silver coins here, not gold, but the sentiment feels similar. I'm not panicking, not by a long shot – I’m a long-term investor, not a day trader. But it does make you question your strategy a bit. Has anyone else with a significant silver position felt this recent Fed news impacting their confidence? Or are you all just holding tight and seeing this as a blip? Really curious to hear how others are processing this, especially those of you with similar portfolios. Is now the time to potentially diversify a little more, or hold the line?