Dipping my toe into silver, wondering when the pop comes?

Matthew Murphy

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Dipping my toe into silver, wondering when the pop comes?

matthew_murphy👑Elite (1m-5m)

about 5 hours ago

Key Takeaways

•Okay, so I've been a gold guy for years now.
•Cashed out my tech startup a while back – 2018, just before things got really wild – and pretty much dumped everything into gold.
•Felt good, felt safe, especially watching friends' portfolios take some serious hits.

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Okay, so I've been a gold guy for years now. Cashed out my tech startup a while back – 2018, just before things got really wild – and pretty much dumped everything into gold. Felt good, felt safe, especially watching friends' portfolios take some serious hits. Gold's been my rock, keeping that 3.5M nest egg solid while I just chill here in Dublin, Ohio.

Lately though, I've been looking at silver with a bit more interest. It's just so much more accessible for smaller buys, and frankly, I'm getting a little antsy just sitting on gold. I've bought about 500 oz of Eagles and Maples over the last 18 months, mostly on a whim, dollar-cost averaging in whenever I see a dip. It’s sitting in a safe deposit box, not even considering storage at home with the kids running around. My thinking is, if gold does its thing, silver has to follow, right? And maybe even outperform it on the upside due to its industrial demand.

I stumbled across this Silver vs Stocks tool on Gold IRA Blueprint and it's been fascinating to play around with, especially comparing the past 10 years. It really highlights silver's volatility, which is both exciting and a little terrifying. Has anyone here made good money on silver by strategically timing the market, or is it more of a long-term hold play like gold? I'm trying to figure out if I should be more aggressive or just keep stacking slowly.

What's your strategy for silver? Are you treating it as a speculative asset or a long-term hedge? Would love to hear from folks who have been in the silver game longer than my relatively brief foray. Thanks for any insights!

5 comments

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Best Answer▲ 9 upvotes

timothy_reed💎Premium (500k-1m)

Interesting! So you're saying you've been entirely in gold since 2018? Did you ever consider diversifying into silver back then, or was it always just gold for you?

Comments (5)

donna_rogers🏆Advanced (250-500k)Real Investor•less than a minute ago

Dude, I hear you on the "gold guy" thing. Been there, done that, still mostly there! But I started dabbling in silver myself about a year and a half ago, mostly just a small percentage of my metals. And yeah, I'm kinda in the same boat, wondering when it's going to really take off. Part of me is glad I got in when I did, but the other part is itching for that big jump everyone talks about. Fingers crossed for us, eh?

timothy_reed💎Premium (500k-1m)Real Investor•less than a minute ago

Interesting! So you're saying you've been entirely in gold since 2018? Did you ever consider diversifying into silver back then, or was it always just gold for you?

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

Hey, congrats on the startup exit and smart move with the gold! But honestly, thinking of silver as the next "pop" might be setting yourself up for disappointment. Gold is a store of value, a hedge. Silver has some industrial demand, sure, but it behaves differently. It's often more volatile and doesn't always track gold's movements. Maybe consider *why* you're looking at silver. Is it for the "pop," or for the diversification?

ruth_perez📊Growing (50-100k)•less than a minute ago

Hey, totally get the gold comfort. It's been a safe haven for many. For silver though, it's a different beast sometimes. One thing I've found super helpful is looking at the gold-to-silver ratio. It's not a crystal ball, but historically, when that ratio gets high, it can often indicate silver is undervalued relative to gold and might be due for a run. Could be a good indicator for when that "pop" might be brewing!

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

Totally feel this. I've been eyeing silver for a while too. Gold definitely kept my modest savings (think more like 50k, not millions haha) afloat during the pandemic craziness, and I'm itching to diversify a bit more. Wondering if silver has a similar "safe haven" vibe or if it's more about the industrial demand for that pop. Good luck!

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