Fed rate decision got me thinking about my gold stack
- •Man, did anyone else feel that little tremor in their gut when the Fed announced their "hold" yesterday?
- •I've been watching my portfolio pretty closely these past few months, especially the gold side of things.
- •I'm rocking about $180k total, with a solid chunk, maybe 30-35%, diversified into physical gold through a Gold IRA.
Man, did anyone else feel that little tremor in their gut when the Fed announced their "hold" yesterday? I've been watching my portfolio pretty closely these past few months, especially the gold side of things. I'm rocking about $180k total, with a solid chunk, maybe 30-35%, diversified into physical gold through a Gold IRA. Mostly Krugerrands and some American Eagles – love the history behind those coins. Living here in El Paso, I've seen firsthand how quickly things can shift, not just economically but politically too. Always makes me appreciate having a tangible asset like gold that doesn't care what some central banker in Washington decides.
I started really getting into gold about three years ago. Had a good run with a few cross-border manufacturing deals for my business, and decided to pull some profits out of the market and into something I could actually hold. It’s been a good feeling, especially with all the volatility lately. I just wonder how much longer this "hold" can realistically last. Are we looking at a rate hike by year-end, or is this just kicking the can down the road? What are you guys doing to shore up your portfolios against potential market jitters?
Sometimes I second guess if I should have allocated more, but then again, diversification is key, right? I'm curious what other Gold IRA investors are thinking. Are you bullish or bearish on gold's performance in a continued high-interest rate environment? Thinking about checking out that Gold IRA Quiz I ran across the other day; maybe it'll give me some fresh perspective or confirm some of my biases. Always good to re-evaluate, especially when the economic winds are shifting.