Building out my silver stack - what's everyone's strategy look like now?
- •Been putting some real thought into my silver stacking strategy lately and wanted to bounce some ideas off you kind folks.
- •I started with gold a while back, got about $150k tied up in a Gold IRA, which has been great.
- •But I've been slowly building up a silver stack on the side, usually buying physical whenever I have some extra cash flow from the farm.
Been putting some real thought into my silver stacking strategy lately and wanted to bounce some ideas off you kind folks. I'm a horse farm owner out here near Louisville, and while most of my wealth is tied up in the farm itself and some diversified investments, I still like having a healthy chunk of precious metals. The practical side of me just sleeps easier knowing I've got something tangible outside of the financial system, especially with all the economic uncertainty swirling around.
I started with gold a while back, got about $150k tied up in a Gold IRA, which has been great. But I've been slowly building up a silver stack on the side, usually buying physical whenever I have some extra cash flow from the farm. Nothing crazy, just an ounce here, a tube there. I'd say I've probably got around $20k-$25k in silver now, mostly Eagles and a fair bit of junk silver. I like the junk silver especially because it feels more divisible if things ever really went sideways, though hopefully, we'll never see that.
My current strategy is to keep adding to it pretty consistently, aiming for another $5k-$10k over the next year if prices stay reasonable. I'm not looking to get rich quick with silver; it's more about wealth preservation and having that physical hedge. I'm torn between continuing to focus on Eagles for their recognizability and liquidity, or leaning more into generic rounds/bars for the lower premium. Premiums have been a real kick lately, haven't they?
So, for those of you who've been stacking silver for a while, especially if you're holding a similar kind of portfolio (more of a stability move than a speculative one), what's your current strategy? Are you still buying? What forms are you prioritizing? What are your thoughts on the premium situation? Also, any good local dealers around KY that you've had good experiences with? Always good to support local if I can.