Anyone else stacking silver like crazy right now? My current strategy and looking for thoughts.
- •Been in the game for a while, mostly with my Gold IRA, but I’ve been really ramping up my physical silver stack lately outside of that.
- •Got about $75k in physical silver right now, mostly rounds and bars, nothing too fancy.
- •Just hit 500oz of ASEs the other day which felt good but man, the premiums on those have been rough.
Been in the game for a while, mostly with my Gold IRA, but I’ve been really ramping up my physical silver stack lately outside of that. Got about $75k in physical silver right now, mostly rounds and bars, nothing too fancy. Just hit 500oz of ASEs the other day which felt good but man, the premiums on those have been rough. I’m thinking about shifting more towards generics or even some constitutional silver to get more weight for my dollar, especially with how volatile things have been.
My old man, who basically taught me everything I know about commodities from his days in the steel mills here in Birmingham, always told me to watch the gold/silver ratio. It's been swinging wildly. When it’s high like it has been, silver seems like a no-brainer to accumulate. My personal target is to hit around 2000oz of physical silver within the next 2-3 years, and I’m about a quarter of the way there. I'm keeping my Gold IRA completely separate from this; that's my long-term, set-it-and-forget-it play with actual allocated gold bullion.
For those of you with significant silver holdings, what's your current strategy? Are you still buying pre-33 gold if you can find it at a decent premium, or are you all in on modern bullion? Are premiums influencing your buys as much as they are mine? I'm debating whether to keep buying 1oz rounds or just go for the bigger 5oz or 10oz bars to save a bit on the per-ounce premium. I’m trying to keep costs down but also want some liquidity if I ever need to sell smaller amounts. Thoughts?