Finally hitting my number with silver holdings - what's next for the big picture?
- •We're talking almost a decade of consistent stacking, mostly American Eagles and Canadian Maples, with a few Kookaburras thrown in for good measure.
- •Feels pretty damn good, not gonna lie.
- •My plan was always to use this as a down payment for a larger investment property here in Lexington.
Been a long time coming, but I just liquidated a good chunk of my silver coin holdings that I started accumulating back when I was still cutting my teeth in the bourbon industry. We're talking almost a decade of consistent stacking, mostly American Eagles and Canadian Maples, with a few Kookaburras thrown in for good measure. I initially jumped in with about $75k back in my late 20s, mostly because I liked the idea of holding something tangible, something that felt like a true store of value rather than just numbers on a screen. Fast forward to now, and that initial investment, plus all the subsequent additions, just crossed the half-million mark when I cashed out a segment last week. Feels pretty damn good, not gonna lie.
I know a lot of folks here talk about gold, and I’ve got my fair share of that too, but seeing the silver really perform when everyone else was freaking out about inflation was incredibly validating. My plan was always to use this as a down payment for a larger investment property here in Lexington. It’s hard to beat the history and legacy of physical assets, a principle I’ve seen play out beautifully in the distillery world. You can’t just digitally create more aged bourbon, right? Same goes for precious metals, in my mind.
Now that I’ve hit this milestone, I’m looking at the rest of my portfolio, especially the gold within my IRA. I’ve still got a solid position there, and with the way the geopolitical landscape is shaping up, I'm not really eager to abandon that ship. But I'm wondering about rebalancing. For those of you who’ve had similar success with your silver or even gold holdings, what kind of moves did you make afterward? Did you reinvest more into metals, diversify further into other asset classes, or use it for major life purchases like I did? Any thoughts on where to strategically place the next tranche of capital, especially from a long-term, legacy-building perspective?