Been stacking silver for a while, curious about exit strategies (and current sentiment!)
- •Okay, so I've been stacking silver for about three years now.
- •Honestly, it was a bit of an impulse after learning more about precious metals in general.
- •I’m a nurse here in Seattle, so good stable income, but I wanted something tangible separate from the market for my "oh crap" fund.
Okay, so I've been stacking silver for about three years now. Started with a Gold IRA, which is still the bulk of my retirement security (got about 80k in there, mostly gold actually), but I started buying physical silver on the side maybe 2.5 years ago. Honestly, it was a bit of an impulse after learning more about precious metals in general. I’m a nurse here in Seattle, so good stable income, but I wanted something tangible separate from the market for my "oh crap" fund. Ended up putting about 12k into silver over time, mostly eagles and a few Maples. It's been fun watching it grow, even with the dips.
My strategy was pretty simple: DCA whenever I had some extra cash, targeting rounds or government coins for liquidity down the line. I'm not trying to get rich quick here; it’s more about preserving wealth and having a physical hedge. The Gold IRA gives me some tax advantages, but the physical silver is my "break glass in case of emergency" stash. It sits in a safe at home, well, some of it does. I finally moved a portion to a safety deposit box after feeling a bit too exposed with it all under my roof.
Now I'm looking at it and thinking, at what point do people typically divest? Or at least start thinking about it? I'm probably another 15-20 years out from retirement, but I'm curious what others' exit strategies look like. Is it a certain price point, a specific life event, or just when the economy feels "right"? I’ve seen some crazy predictions for silver, but I try to keep my feet on the ground. Anyone here actually sold off a significant portion of their stack? What was the experience like?
Also, given everything going on globally, how are people feeling about silver right now? Are you still accumulating, holding steady, or have you paused? Sometimes I feel a bit like an outlier among my friends who are all in tech stocks, and it’s good to hear from others in the PM space. Just curious about the general sentiment out there.