Finally comfortable with my silver stack, what are your next moves?
- •Been meaning to post about this for a while.
- •As a military contractor here in Jacksonville, security and tangible assets are always on my mind.
- •For years, I’ve been building up my silver stack, and I’m finally at a point where I feel really comfortable with it.
Been meaning to post about this for a while. As a military contractor here in Jacksonville, security and tangible assets are always on my mind. For years, I’ve been building up my silver stack, and I’m finally at a point where I feel really comfortable with it. My personal goal was to hit around $30,000 in physical silver bars, mostly 10-ounce and 100-ounce bars. I prefer the larger bars for the lower premiums and easier storage, even though taking a 100oz bar to a pawn shop would probably attract some unwanted attention if I ever needed to liquidate in a hurry. The whole point for me was wealth preservation and a hedge against inflation and any major economic instability, not quick profits. It’s sitting securely where it needs to be, and I’m not worried about it.
The journey itself has been interesting – definitely seen some ups and downs in the spot price. My average cost basis is probably around $23 an ounce, so while it’s not making me rich right now, it’s holding its value and doing what it’s supposed to do. I’ve primarily stuck with well-known refiners like Engelhard, Johnson Matthey, and Sunshine Minting. Authenticity is a big deal to me, so I’ve always bought from reputable dealers online or occasionally a local coin shop I trust implicitly. Early on, I did a few smaller purchases I probably overpaid for, but lessons learned, right?
Now that I’ve hit my target for silver – which accounts for about 15% of my overall portfolio (the rest being mostly real estate and some carefully selected ETFs) – I’ve been thinking a lot about what comes next. I’m thinking about starting to buy into gold, maybe some 1oz American Gold Eagles, but I'm torn on timing. With everything going on globally, it feels like a good move, but then again, gold feels a bit pricey right now. Should I just keep stacking a little more silver if the price dips significantly? Or move into gold and start building that up?
I’m also curious about other people’s strategies once they hit their primary silver targets. Did you pivot to other metals? Or did you just keep adding slowly for specific events like birthdays or holidays? What’s your next move once you hit your comfort level with silver? Any thoughts on diversifying into different types of precious metals or even other tangible assets?