Fed rate decision and my silver portfolio today - anyone else feeling this?
- •Woke up this morning feeling a bit of a pit in my stomach, like I do most Fed decision days, but especially today with all the chatter.
- •My silver holdings are mostly American Silver Eagles and some Canadian Maples, which I picked up through a local dealer here in Scottsdale.
- •I've always seen them as a long-term hedge, something tangible that isn't going to vanish overnight.
Woke up this morning feeling a bit of a pit in my stomach, like I do most Fed decision days, but especially today with all the chatter. I've had about 20-30% of my IRA in physical silver coins for a while now – ever since the 2008 crash really shook my confidence in traditional markets. As a retired teacher here in Phoenix, that whole ordeal really made me rethink how I was going to protect my retirement savings, which at the time was around $150k before I started diversifying into metals.
My silver holdings are mostly American Silver Eagles and some Canadian Maples, which I picked up through a local dealer here in Scottsdale. I've always seen them as a long-term hedge, something tangible that isn't going to vanish overnight. But with all the uncertainty around inflation and what the Fed is going to do next, I can't help but check the spot price every hour. It's not a huge chunk of my overall portfolio, which is closer to $220k now, but it's enough that a significant dip really gets my attention.
I know silver can be volatile, probably more so than gold, but I liked its potential for growth especially if inflation really takes off. What are other folks in a similar boat thinking right now? Are you bracing for a big swing, or do you think the Fed's moves are already mostly priced in? Just trying to get a feel for how others are reacting, especially those of us who aren't career traders but just trying to keep our nest eggs safe.