Anyone else seeing silver's potential right now? My thoughts on stacking.
- •I run a tourism business here in Savannah, and let me tell you, we've seen some pretty wild swings over the decades.
- •It makes you really appreciate assets that can weather the storm, even if the storm is just a really slow season.
- •My portfolio's sitting around the $180k mark right now, and maybe 10% of that is in physical metals, split probably 80/20 gold to silver.
Been a Gold IRA guy for a while, holding mostly gold for stability, but I've been giving silver a serious look over the last year or so, especially with all the economic uncertainty floating around. I run a tourism business here in Savannah, and let me tell you, we've seen some pretty wild swings over the decades. It makes you really appreciate assets that can weather the storm, even if the storm is just a really slow season.
My portfolio's sitting around the $180k mark right now, and maybe 10% of that is in physical metals, split probably 80/20 gold to silver. I started off just accumulating a few ounces here and there of silver as a kind of curiosity, but the more I read about its industrial demand and the gold/silver ratio, the more it feels like a no-brainer for a portion of my holdings. I'm not going all-in, mind you, but I've been picking up bars and coins when I can, aiming for another $5k in silver by the end of the year to bring that allocation up a bit.
My current strategy is to focus on 10oz and 1oz silver coins/bars for liquidity – think Eagles, Maples, and some generic bars. I want something that's easily recognizable if I ever actually need to liquidate a portion, hopefully not, but you never know. I've heard some folks go for junk silver, but the premiums on that seem a bit much for me right now compared to just buying .999 fine.
What are y'all's thoughts on silver's role in a precious metals portfolio, especially for those of us who have a significant portion in gold? Am I being too conservative with my 80/20 split, or is that a reasonable hedge? And any recommendations on specific silver products you find have good premiums and resale value?