Feeling torn on adding to my silver coin stash – should I wait?
- •I’ve been reading a lot of the discussions here lately about timing the market with precious metals, and it's really got me thinking.
- •I try to put in a few hundred bucks every other month when I can, just to diversify a bit more.
- •Lately, though, I've been eyeing some more American Silver Eagles and Canadian Maple Leafs, and the prices just seem a bit… frothy?
I’ve been reading a lot of the discussions here lately about timing the market with precious metals, and it's really got me thinking. I've got a pretty good chunk of my IRA in gold right now – probably around 70k or so – but I've also been building up my silver coin collection on the side. I try to put in a few hundred bucks every other month when I can, just to diversify a bit more.
Lately, though, I've been eyeing some more American Silver Eagles and Canadian Maple Leafs, and the prices just seem a bit… frothy? I keep thinking, "What if I wait a few weeks or a month and they dip?" I'm always trying to be smart about my money, especially since I'm responsible for the town budget here in Boise. It's just ingrained in me to look for the best value.
Part of me says to just keep dollar-cost averaging like I've been doing with my gold, steady and consistent. The other part is getting those "what if" thoughts. It’s not like I’m trying to make a quick buck, this is for long-term security, especially with all the economic uncertainty we've been seeing.
So, for those of you who focus on silver coins specifically, do you try to time your buys, or do you just buy what you can every payday? I’m genuinely curious about how everyone else approaches this. I’m not talking about huge investments, just those consistent, smaller additions to the stack. Any thoughts from the crowd would be appreciated!