Fed rate decision and my portfolio
- β’Iβve been watching the Fed with a close eye, especially with my IRA.
- β’Got about $700k rolled over, with a good chunk of that diversified across precious metals.
- β’Been in gold and silver for about 8 years now, slowly building it up.
Iβve been watching the Fed with a close eye, especially with my IRA. Got about $700k rolled over, with a good chunk of that diversified across precious metals. Been in gold and silver for about 8 years now, slowly building it up. My thinking was always long-term protection, not quick gains, and that's paid off, especially considering the crazy inflation we've seen since I retired from the Navy on Oahu.
My biggest concern with these rate hikes is frankly the impact on the dollar's global standing. Living out here in the Pacific for so long, you get a different perspective. What happens with the dollar doesn't just stay in the US; it ripples through all these island economies and beyond. If the Fed keeps tightening, it strengthens the dollar in the short term, but if it causes a global slowdown, then what? I'm not bearish on the US by any means, but I've always seen gold as a hedge against the kind of systemic risks that a highly interconnected global economy presents. Itβs what keeps me from losing too much sleep.
So, for those of you with significant precious metal holdings in your IRAs, how are you feeling about the Fed's latest moves? Has it changed your allocation strategy or your outlook for the next 12-24 months? I'm mostly holding steady, but always keen to hear other perspectives, especially from those who've been at this longer than I have.