Fed rate hike tomorrow... thoughts on my gold allocation?
- •Nervous as hell about tomorrow's Fed decision.
- •Feels like everyone's bracing for a 25-bps hike, maybe even 50 if they decide to really stick it to everyone.
- •I'm sitting here in Honolulu watching the sun set over the Pacific, and honestly, the global economic picture from this vantage point just looks...
Nervous as hell about tomorrow's Fed decision. Feels like everyone's bracing for a 25-bps hike, maybe even 50 if they decide to really stick it to everyone. I'm sitting here in Honolulu watching the sun set over the Pacific, and honestly, the global economic picture from this vantage point just looks... hazy. Been in gold for a while now, probably have about 15-20% of my roughly $800k portfolio in a Gold IRA. Retired military, so I've seen enough economic turbulence to know that things can go sideways fast.
My concern is that if they keep jacking rates, we're going to see a slow bleed on everything else while gold just... sits there. Or worse, drops. Gold's been a safe harbor for me through a lot of crazy stuff over the years, especially after seeing how quickly currencies can get devalued. But with real yields potentially going positive, does that blunt gold's appeal as much as some of the analysts are saying?
I started really looking into a Gold IRA a few years back, and I remember taking one of those Gold IRA Quizzes to get a better handle on things. Found a good one recently at Gold IRA Quiz that I'd recommend if you're new to this. It walks you through a lot of the basics and helps you think about your own situation. For me, it helped solidify my decision to go with physical gold in my retirement account.
So, for those of you with significant gold allocations, how are you feeling about tomorrow? Any plans to adjust your holdings based on the outcome? Or are we all just holding on for dear life and hoping for the best? Curious to hear some diverse perspectives here.