Fed Rate Decision and My Silver Bars Portfolio
- •Anyone else feeling a bit antsy after the latest Fed rate hike announcement?
- •I know it was expected, but still, seeing those interest rates climb always makes me check on my gold and silver.
- •I'm sitting here in Raleigh, just looking at my silver bar receipts, and wondering what this means for the next few months.
Anyone else feeling a bit antsy after the latest Fed rate hike announcement? I know it was expected, but still, seeing those interest rates climb always makes me check on my gold and silver. I'm sitting here in Raleigh, just looking at my silver bar receipts, and wondering what this means for the next few months.
My late husband, bless his heart, was the one who really got me into precious metals. He always talked about safeguarding our future, and after he passed, keeping his legacy secure became even more important to me. That's why about 2 years ago, I rolled over a good chunk of his old 401k into a Gold IRA, with a decent chunk of it in physical silver bars. We're talking probably around $70k-$80k of my total $100k portfolio is split between the two. The gold has done well, but the silver has been a bit more of a rollercoaster.
I guess I'm trying to gauge the temperature of the room here. With inflation still a concern and now higher borrowing costs, do you think silver will get a boost as a safe haven, or will the stronger dollar from the rate hike push it down? I'm hoping it's the former, especially with all the industrial demand for silver too. I’m not planning on selling anytime soon, this is definitely a long-term play for me to ensure my kids are set up, but it's hard not to check the numbers and feel a bit of a squeeze.
Has anyone else noticed significant impacts on their silver holdings after past Fed decisions? What's your gut feeling on how silver bars will perform in this current economic climate? Any thoughts from folks with more experience in this area would be greatly appreciated. Just looking for some peace of mind, really.