Fed Rate Hike! How's everyone else feeling about their
- •Hey everyone, So, the Fed just hiked rates again, and honestly, it's making me a little antsy about the market.
- •For those of you who don't know me, I'm Nancy from Tampa, and I work as a healthcare administrator.
- •I've been a pretty steady gold investor for years, especially with my IRA.
Hey everyone,
So, the Fed just hiked rates again, and honestly, it's making me a little antsy about the market. For those of you who don't know me, I'm Nancy from Tampa, and I work as a healthcare administrator. I've been a pretty steady gold investor for years, especially with my IRA. I started putting about 10-15% of my retirement savings into physical gold about seven years ago, primarily because I like having something tangible and not tied directly to the whims of the stock market. I remember back in 2016, I picked up some American Gold Eagles when gold was around $1,250 an ounce. Now that it's sitting much higher, I feel pretty good about those early decisions.
My strategy has always been diversification, and a significant portion of my physical metal holdings are in gold, but I've also been dabbling in silver coins for a few years now. I've got a decent stack of Canadian Maple Leafs and some older Morgan dollars that I picked up when silver was hovering around $17-$18 an ounce. I actually have a small stash that I bought when silver dipped to about $12 during the early days of the pandemic – talk about a pleasant surprise!
With these rate hikes, I'm trying to figure out what it means for precious metals. On one hand, higher rates can make other assets like bonds more attractive, which could theoretically pull some investment away from gold and silver. But on the other hand, the uncertainty and potential for economic slowdown that often accompany aggressive rate increases usually send people running for safe havens like gold. I'm wondering if this is a "buy the dip" opportunity for silver, or if we should expect more volatility.
What are your thoughts on how these rate decisions will impact your precious metals portfolios, especially for us silver investors? Are you holding steady, or are you looking to adjust your holdings? I'd love to hear from other investors, especially those with Silver Coins specifically, on what you're planning!