Fed rate hike again - how's everyone else feeling?
- •Another rate hike from the Fed, and honestly, I'm just… *tired* of it.
- •Been in metals for over 15 years now, started really doubling down after 2008 when I saw the writing on the wall with the credit crisis.
- •But this continued inflationary pressure and the Fed's response feels different.
Another rate hike from the Fed, and honestly, I'm just… tired of it. Been in metals for over 15 years now, started really doubling down after 2008 when I saw the writing on the wall with the credit crisis. My portfolio, sitting somewhere between $600-$700k primarily in precious metals and some energy stocks, typically shrugs off these little economic jitters. But this continued inflationary pressure and the Fed's response feels different. I'm sitting here in Dallas, reviewing my holdings, and just wondering if anyone else is feeling this prolonged uncertainty more acutely than usual?
I've always viewed gold as my bedrock, my insurance policy against government overspending and market volatility. My initial big push into a Gold IRA was exactly for this kind of environment. And don't get me wrong, it's performed admirably over the long haul. My energy plays, being an oil industry veteran myself, have also been pretty resilient. But the general sentiment out there lately just feels… heavy. Are we looking at a genuine recession this time that even gold might struggle to completely insulate against, or am I just getting a bit overly cautious in my old age?
I usually preach patience and conviction to anyone who'll listen about holding physical gold, especially in an IRA structure for the tax advantages. But today's news just has me doing a deeper dive than usual into my own conviction. What are you all doing with your portfolios right now? Any moves planned, or are you just holding fast like me and waiting for the dust to settle? Are there any specific indicators you're watching closely these days that are making you reconsider your strategy?