Fed’s Tightening Cycle & My Gold Position - Thoughts?

• •Been seeing a lot of chatter lately about how the Fed's been handling inflation and interest rates, and it's got me thinking about my own portfolio.
• •Now, with the Fed hiking rates pretty aggressively, it feels like the landscape is shifting again.
• •Historically, higher rates can be a headwind for gold since it doesn't pay interest, but the inflation numbers are still sticky.

Been seeing a lot of chatter lately about how the Fed's been handling inflation and interest rates, and it's got me thinking about my own portfolio. I've had a solid chunk in a Gold IRA for about 15 years now, initially rolling over a good portion of my 401k when I saw the writing on the wall with the dot-com bust's lingering effects. Now, with the Fed hiking rates pretty aggressively, it feels like the landscape is shifting again. Historically, higher rates can be a headwind for gold since it doesn't pay interest, but the inflation numbers are still sticky. I'm sitting on around a $700k portfolio overall, with a decent chunk of that in physical gold through my IRA, and I'm based here in Dallas, spent most of my career in oil, so I'm no stranger to market volatility.

My concern is this: are we looking at a situation where the Fed has to keep rates high for longer than most anticipate to truly rein in inflation, even if it means slowing the economy significantly? And if so, how does that play out for gold? Part of me thinks the market will eventually realize inflation isn't going away quietly, pushing gold higher as a safe haven again. But the other part worries about a potential deep recession where people are forced to sell off assets, including gold, to cover other losses. It's a tricky balancing act.

I remember back in '08, even with the craziness, my gold holdings provided a real anchor. This time feels different in some ways, but the underlying principle of protecting purchasing power feels more relevant than ever. I've been feeling pretty good about my decision to diversify into gold all those years ago, especially seeing how it's performed during various crises. What are y'all's current thoughts on how the Fed's current policy trajectory impacts gold's short to medium-term outlook?

On a related note, for anyone who's still on the fence about a Gold IRA or thinking about rolling over, I came across this Eligibility Checker tool the other day. It’s a quick way to see if you even qualify. Might be useful for some of the newer folks here who are just starting to look at this stuff. Always good to do your homework and make sure you're eligible.