Finally hit my Silver Bullion goal! Let's talk strategy.
- •Well, after over 20 years, I finally hit my personal target for silver bullion this morning.
- •You wouldn't believe the relief, feels like a huge weight off my shoulders.
- •Seeing that stack grow over two decades, especially through all the ups and downs we’ve seen, feels damn good.
Well, after over 20 years, I finally hit my personal target for silver bullion this morning. You wouldn't believe the relief, feels like a huge weight off my shoulders. I still remember buying my first few American Silver Eagles back in '99, didn't have much to spare being a young engineer in the auto industry back then, but knew I wanted some tangible assets. Seeing that stack grow over two decades, especially through all the ups and downs we’ve seen, feels damn good.
My strategy for silver was always pretty straightforward, and maybe a bit conservative compared to some I've seen here. I always aimed for 10% of my total portfolio in physical precious metals – 7% gold, 3% silver. So, with my IRA hovering around the $750k mark these days (thankful for that Ford pension and some smart investments!), that put my silver target at roughly $22,500. I spread it across government-minted coins mostly – Eagles, Maples, and a fair bit of those generic 10oz bars from reputable dealers. I even picked up some pre-1965 junk silver whenever I found a decent deal, especially from local coin shops around Detroit. There's just something about holding those old quarters that feels right.
Now that I've hit my target, I'm shifting gears a bit. I'm not going to be actively buying silver anymore, unless there's a serious dip like we saw in 2008 or the early pandemic days – then I might nibble. My focus is entirely on maintaining that 70/30 gold to silver split within my metals allocation and continuing to build up my gold IRA. What do you all do once you hit your specific metal targets? Do you just hold, or do you start diversifying into other areas? Always curious to hear how other long-term stackers approach this phase.