Fed rate hike - thoughts on my Gold IRA?

Kenneth Parker

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Fed rate hike - thoughts on my Gold IRA?

kenneth_parker💎Premium (500k-1m)

about 4 hours ago

Key Takeaways

•Another rate hike, not surprised one bit.
•Pretty much what everyone was expecting, right?
•I've been watching my Gold IRA like a hawk and gotta say, feeling pretty good about it.

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Another rate hike, not surprised one bit. Pretty much what everyone was expecting, right? I've been watching my Gold IRA like a hawk and gotta say, feeling pretty good about it. I put a decent chunk of change into it, probably around $300k, back when things were looking a lot less stable. Seeing gold hold its own, even inching up, when the stock market is doing its usual roller coaster routine is a relief. Makes me wonder if others are feeling the same way about their physical precious metals investments.

My logistics business is doing fine, but I'm in the process of getting things sorted for succession, probably looking at another 3-5 years before I fully step back. The economic uncertainty isn't exactly helping with valuations or finding the right buyer, so having that safety net in gold is huge. I’m based out of Memphis, and while I love this city, the regional banking situation has me a little jumpy. That's another reason why I like having something tangible outside of the traditional system.

What are your thoughts on how these continuous rate hikes are going to impact gold in the long run? I know the traditional wisdom is that higher rates work against gold, but it feels like there's so much more going on right now – inflation, geopolitical stuff. Are we in a new paradigm where gold acts differently, or is it just a temporary blip?

3 comments

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Best Answer▲ 6 upvotes

barbara_white🏆Advanced (250-500k)

Yeah, I hear ya on that. I actually did something similar a few years back, not quite 300k but a substantial amount for me, and honestly, no regrets. It's definitely been a comfort having that stability while everything else feels like it's on a rollercoaster. Good to know others are feeling the same about their Gold IRAs right now.

Comments (3)

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

daniel_wright💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Hey, glad to hear you're feeling good about your Gold IRA! Given your $300k investment, did you go with a mix of physical gold and silver, or is it mostly one over the other?

karen_robinson💼Starter (0-50k)•less than a minute ago

Yeah, another hike, totally predictable. Glad you're feeling good about your Gold IRA! While gold has historically been a pretty solid hedge against inflation and instability, and you got in at a good time with $300k, it's worth remembering that interest rate hikes can sometimes (not always!) put a bit of downward pressure on non-yielding assets like gold in the short term, as bonds and savings accounts become more attractive. Just something to keep an eye on, but overall, it's a smart long-term play for diversification.

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