Fed policy impacts on gold discussed - what's everyone seeing?
- •Been watching the Fed lately, and honestly, the tea leaves are a little murky.
- •On one hand, you have the talk of rate hikes easing up, which traditionally should be a positive for gold since the dollar usually weakens.
- •That’s always a good thing for my GLD holdings, and I’m looking at potentially adding some more physical gold rounds if the price gets right.
Been watching the Fed lately, and honestly, the tea leaves are a little murky. On one hand, you have the talk of rate hikes easing up, which traditionally should be a positive for gold since the dollar usually weakens. That’s always a good thing for my GLD holdings, and I’m looking at potentially adding some more physical gold rounds if the price gets right.
My portfolio is sitting around the $350k mark, with a decent chunk in my Gold IRA, and I’m thinking about the long game here. My company, like a lot of the legacy bourbon distilleries down here in Lexington, we've seen a lot of economic cycles. You learn to appreciate the steady, tangible asset when things get volatile. It's why I started heavily investing in the first place, just after my grandfather passed and left me some of his old collectible coins. Made me realize the importance of heritage and tangible wealth.
But then you’ve got the inflation numbers still chugging along. If the Fed really is serious about bringing that down, are we going to see continued tightening even if they pause for a bit? That worries me more short-term. How much downward pressure does that put on everything, including precious metals? I’m still bullish on gold long-term, especially considering the geopolitical climate, but these Fed decisions always throw a wrench in the immediate outlook.
What's everyone's take on this? Are you adjusting your buying strategies based on the current Fed chatter, or just holding steady? Any of you seeing any crazy premiums on rounds lately that would make you hold off, or conversely, any deals I should be keeping an eye out for?