Anyone else stocking up on silver coins for the coming market chaos?
- •Feeling a bit antsy watching all these economic indicators, and frankly, I’m putting my money where my mouth is.
- •Been a strong believer in metals for decades, long before it became fashionable.
- •My portfolio is probably heavier in precious metals than most, especially since retiring from the C-suite a few years back.
Feeling a bit antsy watching all these economic indicators, and frankly, I’m putting my money where my mouth is. Been a strong believer in metals for decades, long before it became fashionable. My portfolio is probably heavier in precious metals than most, especially since retiring from the C-suite a few years back. The past few market dips haven't even fazed me thanks to that allocation. But this time… this time feels a little different, more sustained. I’m starting to think about deeper recession-proofing, and specifically, silver coins.
I know a lot of people go straight for gold, and I’ve got plenty of that vaulted away, don’t get me wrong. But for a true "break glass in case of emergency" scenario, or even just some serious inflationary pressure, I’m looking at physical silver coins. The divisibility, the lower entry point compared to a gold eagle – it just feels more practical for potential everyday transactions if things get really hairy. I’m not talking about some fringe apocalyptic scenario, but rather a severe and prolonged economic downturn where the dollar loses significant purchasing power. Think about it: a small silver coin could buy a tank of gas, or a week's worth of groceries more readily than trying to break off a piece of a gold bar!
I’ve been eyeing some pre-1965 US coinage – the 90% circulating silver. I also like the standard bullion coins, like Silver Eagles. No fancy numismatic premiums for me; just tangible metal. I’ve started increasing my purchases of these over the last few months, focusing on smaller denominations. It’s a bit of an insurance policy, I suppose, and it certainly helps me sleep better at night here in Palm Beach, knowing I’ve got that tangible wealth secured. Anyone else here making similar moves, or am I just being an overly cautious retired CEO?
What are your thoughts on silver coins specifically for economic uncertainty? Are you focusing on particular types, or are you just buying whatever you can get your hands on at a reasonable premium? Curious to hear others’ strategies.