Finally comfortable taking a breather after going hard on silver for years, anyone else feeling good?
- •Been a wild ride, folks.
- •Remember sitting in my condo on the Upper East Side back in 2008, watching everything burn.
- •Had a decent chunk saved up from my Wall Street days but saw the writing on the wall for a lot of traditional assets.
Been a wild ride, folks. Remember sitting in my condo on the Upper East Side back in 2008, watching everything burn. Had a decent chunk saved up from my Wall Street days but saw the writing on the wall for a lot of traditional assets. That's when I really started looking hard at precious metals. Made a pretty aggressive move in my IRA, mostly silver bars, probably about 400k worth at the time, split between 10oz and 100oz. Diversified a bit into some gold coins too, but silver was my conviction play.
Fast forward to today, and wow. My initial 400k has more than quadrupled if I'm being conservative with current market prices. Not going to share exact numbers, but let's just say it's more than enough to keep me very comfortable in retirement, far exceeding my initial expectations. I'm talking about a significant chunk of my 1M+ portfolio now being metal. I still check the market daily, old habits die hard I suppose, but the anxiety is gone. It's a surreal feeling to see that kind of growth, considering most of my peers were sweating bullets during every market fluctuation.
The best part is the peace of mind. Knowing I have physical assets, outside of the traditional banking system (for the most part), has been a huge stress reliever. I've been through a few downturns since '08, and each time, my silver holdings were a bastion of stability. It wasn't about getting rich quick, it was about wealth preservation, and it absolutely delivered. Anyone else here have a similar long-term success story with silver specifically? Always curious to hear other perspectives on this.
Thinking about rebalancing some of it soon, maybe into real estate or some dividend stocks, to generate some more immediate income, but I'll always keep a significant allocation in silver. It's proven itself too many times to me. What are your thoughts on rebalancing strategies after such a strong run in metals?