Fed's playing chicken again, what's everyone thinking for gold?
- •Another day, another Fed announcement.
- •I swear, it feels like they're just guessing half the time.
- •Used to be, when I was teaching, I could almost predict my students' reactions better than I can these guys.
Another day, another Fed announcement. I swear, it feels like they're just guessing half the time. Used to be, when I was teaching, I could almost predict my students' reactions better than I can these guys. Anyway, with all the talk about rates staying higher for longer, it’s got me wondering about everyone else’s strategy for their gold.
I started really focusing on gold after '08, saw my pension take a pretty big hit and decided I needed something more tangible. Moved about a quarter of my retirement savings into a Gold IRA eventually – been with Augusta for years now, and they've been great. My portfolio's sitting around the $180k mark right now, and about $50k of that’s in physical gold in my IRA. Just moved into a smaller place here in Phoenix too, enjoying the quiet life.
I’ve always seen gold as my slow and steady protection, especially with all the market volatility. Haven't touched it since I bought it, honestly. But with inflation still being a sticky wicket and interest rates potentially crimping things, are you guys holding steady, or are these Fed decisions making you rethink anything? Are people looking at increasing their gold allocation, or maybe doing some rebalancing?
Curious to hear if anyone thinks physical gold is going to get a boost from this uncertainty, or if the higher rates might actually make it less attractive in the short term. What’s the general vibe out there?