Fed rate hike - gold investors, how are you feeling today?
- •Well, the news is out - another 25 basis point hike from the Fed.
- •As someone who's got a decent chunk of my retirement in a Gold IRA, I'm feeling a mix of "told ya so" and a little bit of anxiety this morning.
- •Been an insurance agent here in Omaha for 15 years, and I've seen enough economic cycles to know that playing it safe a lot of the time pays off.
Well, the news is out - another 25 basis point hike from the Fed. As someone who's got a decent chunk of my retirement in a Gold IRA, I'm feeling a mix of "told ya so" and a little bit of anxiety this morning. Been an insurance agent here in Omaha for 15 years, and I've seen enough economic cycles to know that playing it safe a lot of the time pays off. That's why about 15% of my 200k retirement portfolio is in gold rounds within my IRA. The rest is split pretty evenly between traditional stocks and some real estate investments.
My thinking has always been that precious metals are a solid hedge against inflation and market volatility, and frankly, with the way things have been going, it feels like that bet is paying off. The stock market is… well, the stock market. And honestly, with the Fed seemingly determined to cool things down, I'm just watching my equities and wondering what's next. My local realtor buddies are starting to talk about a slowdown here in Nebraska too, which isn't exactly making me jump for joy about my property holdings.
So, for all you other gold bugs out there, how are you feeling today after the announcement? Are you seeing this as further validation for your gold investments? Or are you getting nervous about a potential recession and what that might do even to safe-haven assets? Always curious to hear other perspectives.