Fed rate decision and my portfolio - feeling a bit exposed here
- •Okay, so the Fed decision came down, and while it was pretty much what everyone expected, I can't help but feel a little antsy about my portfolio.
- •I've got a decent chunk, around $350k, tied up in my Gold IRA, with a decent allocation to physical silver too.
- •It's a bit of a head-scratcher.
Okay, so the Fed decision came down, and while it was pretty much what everyone expected, I can't help but feel a little antsy about my portfolio. I've got a decent chunk, around $350k, tied up in my Gold IRA, with a decent allocation to physical silver too. I'm a manufacturing exec out here in Cleveland, and I've always believed in hard assets – something you can actually hold, not just some numbers on a screen.
My concern is this: with the rates where they are, and the constant back and forth about inflation, I'm wondering if I'm too heavily weighted in precious metals right now. I mean, my initial thought was that higher rates might put a damper on gold and silver, but then you hear arguments about how they're a hedge against instability, even with higher rates. It's a bit of a head-scratcher. I got into this about 4 years ago, building it up gradually, and it's been a good ride overall, but these economic swings make me nervous.
Anyone else feeling this tension? Especially those of you with similar portfolios or located in similar industrial areas. Are you looking to rebalance based on this Fed news, or are you holding tight? I've been thinking about perhaps diversifying a small percentage into some dividend-paying stocks, just to have a bit more income generation, but then I lose that core "hard asset" comfort.
What are your thoughts on silver's prospects specifically? Gold gets all the headlines, but I've always liked silver's industrial demand aspect. Does that make it more or less attractive in this current rate environment? All input appreciated – just trying to gauge the temperature here.