Fed's latest moves got me eyeing my gold stack, anyone else?

• •I've been in this game for over two decades now, since my days wrapping up at the plant, and I've seen the Fed do all sorts of gymnastics.
• •Usually, higher rates and a strong dollar aren't exactly gold's best friend.
• •But this time around, with all the global uncertainty, I'm not so sure that old playbook is going to hold completely true.

Okay, so the Fed's latest signaling about holding rates higher for longer has me sitting here in my favorite armchair in Detroit, nursing a coffee, and just thinking about my gold. I've been in this game for over two decades now, since my days wrapping up at the plant, and I've seen the Fed do all sorts of gymnastics. Usually, higher rates and a strong dollar aren't exactly gold's best friend. But this time around, with all the global uncertainty, I'm not so sure that old playbook is going to hold completely true.

My IRA's got a healthy chunk, probably upwards of 15% of my 500k-1m portfolio, in physical gold and some mining stocks. Over 20 years, it's been the bedrock, the thing I don't really stress about. Right now, though, I'm trying to gauge if this prolonged "higher for longer" narrative from Powell is genuinely a headwind or if the underlying inflation and geopolitical tremors are strong enough to keep a floor under gold even if rates technically aren't helping. I remember back in '08, gold went a bit wild, but that was a different beast. This feels more like a slow, grinding uncertainty.

What are folks here thinking? Are you holding steady, maybe even looking to add on any dips? Or are you getting a little nervous about the opportunity cost of having capital tied up in gold when other assets might (theoretically, at least) offer better returns if rates stay high? I'm firmly in the camp that gold is about wealth preservation first and foremost, but a man can still wonder about timing the market a bit, right? Especially when you've been watching your nest egg grow for so long.

I've been through a few cycles now where the pundits scream doom and gloom for gold when rates rise, only for it to eventually prove its mettle. Just curious to hear if anyone's strategies are shifting or if you're just HODLing through this Fed rhetoric like me.