Fed rate hikes - Anyone else seeing gold's resilience?
- •Been watching the Fed like a hawk, especially with all the hawkish talk about continued rate hikes.
- •Honestly, for the last year or so, every time Powell opens his mouth, I brace for impact on my portfolio.
- •But my gold holdings?
Been watching the Fed like a hawk, especially with all the hawkish talk about continued rate hikes. Honestly, for the last year or so, every time Powell opens his mouth, I brace for impact on my portfolio. But my gold holdings? They've been remarkably steady, if not quietly climbing. It’s a definite contrast to a lot of the tech and growth stocks I've dabbled in on the side, those have certainly felt the pinch.
I started really taking gold seriously about five years ago, building up my Gold IRA. Initially, it was more about diversification – hearing all the doom and gloom about inflation back then felt a little too close to home. Working in the bourbon industry, you get a real appreciation for long-term value and legacy, things that stick around. Gold just clicked with that mindset. My initial investment was around $200k, and I've been DCAing into it since, now sitting closer to $350k in the physical stuff.
What I'm wondering is if others are seeing this same kind of stability from their gold holdings in the face of these Fed moves. I was just poking around the Gold vs Stocks Comparison tool, and looking at the 10-year chart, it's pretty compelling how gold has performed against the S&P, especially in choppier waters. It really underscores why I believed in it to begin with.
Are you guys adjusting your precious metals strategy based on the Fed's stance? Or are you, like me, just enjoying the relative calm while other parts of the market get jostled around? Curious to hear some other perspectives on this, especially from those of you who might have been in the game longer.