Fed rate hike today - how's everyone feeling about their

• •Well, the Fed just dropped the news – another rate hike.
• •I know this was widely expected, but it always makes me pause and revisit my portfolio strategy, especially the gold portion.
• •I rolled over an old 401k into it a few years back when I started feeling really nervous about market volatility.

Well, the Fed just dropped the news – another rate hike. I know this was widely expected, but it always makes me pause and revisit my portfolio strategy, especially the gold portion. As a professor based here in Richmond, I spend a lot of time poring over economic data, and the current inflation picture, coupled with these continuous hikes, is… unsettling, to say the least. I have somewhere in the neighborhood of $350k invested in my retirement accounts, with a significant chunk, probably around 15-20%, currently in a Gold IRA. I rolled over an old 401k into it a few years back when I started feeling really nervous about market volatility.

My initial thesis for diversifying into physical gold via an IRA was purely as a hedge against inflation and market uncertainty. It's not about making a quick buck, but rather preserving capital and having a tangible asset when everything else feels so… ethereal. Given today's announcement, I’m left wondering how others are interpreting the short-term and long-term impact on gold prices. On one hand, higher rates typically make non-yielding assets like gold less attractive. But on the other, if these hikes eventually tip us into a deeper recession, or if inflation proves stickier than the Fed hopes, then gold’s role as a safe haven could become even more pronounced.

I’m particularly curious about people who might be considering getting into a Gold IRA now, or those who have just funded one. Are you feeling confident in your decision with these continuous rate increases? What metrics are you looking at to gauge gold's performance in the current environment? I've been doing my due diligence using tools like the eligibility checker at eligibility.goldirablueprint.com/ when I first considered it, just to make sure I even qualified before diving into the research. It was surprisingly helpful to just get that initial hurdle out of the way.

Really interested to hear different perspectives here. Are you rebalancing? Holding steady? Or perhaps even adding more to your gold positions with the expectation of future economic turbulence? Just genuinely curious about how everyone else is navigating this turbulent economic landscape with their precious metals.