Fed policy got me thinking about my palladium holdings - anyone else?

• •I've been pretty heavy in precious metals for years – it's been my go-to strategy since I retired from the Street a decade ago.
• •We’re talking a significant slice of my 3-4 million portfolio over in metals, with a fair chunk in a Palladium IRA, alongside the usual suspects.
• •But sometimes, even after all these years, I still get that knot in my stomach.

Watching the Fed these past few months, especially with all the rhetoric around inflation and potential rate hikes, has me seriously considering my palladium exposure. I've been pretty heavy in precious metals for years – it's been my go-to strategy since I retired from the Street a decade ago. We’re talking a significant slice of my 3-4 million portfolio over in metals, with a fair chunk in a Palladium IRA, alongside the usual suspects.

My thinking has always been that precious metals, particularly palladium given its industrial demand coupled with supply constraints, offer a solid hedge against monetary policy whims. But sometimes, even after all these years, I still get that knot in my stomach. When the Fed signals a more hawkish stance, even if they walk it back later, it just messes with my head and makes me second-guess things. It’s like, are we going to see continued industrial growth that supports palladium prices, or will rising rates stifle it enough to make holding it feel more like a liability?

I know the prevailing wisdom is that lower real rates are good for precious metals, but what about when the Fed is trying to thread that needle between inflation control and not crashing the economy? I'm just here in NYC, staring out at the Hudson, wondering if I should be rebalancing or just sticking to my guns. I’ve always held firm through market ups and downs, but this particular Fed cycle feels... different. Anyone else feeling this tension with their palladium or other industrial-linked precious metals right now?

What are your thoughts on how the Fed's current approach, specifically their inflation fight, is going to ripple through the palladium market in the short to medium term? Are you adjusting your allocations based on these signals, or are you just riding it out?