From Gold to Silver: My Strategy Shift
- •Started off my precious metals journey pretty much all-in on gold.
- •It’s what everyone at the office talks about, what the execs are always mentioning for inflation plays.
- •Been working as a secretary for a major oil company here in Tulsa for over 15 years, so I listen to what they're saying.
Started off my precious metals journey pretty much all-in on gold. It’s what everyone at the office talks about, what the execs are always mentioning for inflation plays. Been working as a secretary for a major oil company here in Tulsa for over 15 years, so I listen to what they're saying. My Gold IRA's sitting around $180k right now, and I’m pretty happy with that. But lately, I’ve been seriously looking at silver, and I think I'm ready to start shifting a portion of my new contributions there.
My reasoning is simple: the gold-to-silver ratio. For years, I just focused on gold, a nice steady climb (mostly). But looking at that ratio, it feels like silver is undervalued right now. It's also got that industrial demand factor, which gold doesn't have in the same way. I'm thinking of starting small, maybe $200-$300 a month into silver bars, gradually increasing that if the ratio continues to favor silver. My goal isn't to dump my gold, but to diversify and try to capitalize on what I see as an opportunity for bigger percentage gains with silver.
I’m looking mostly at 10oz and 100oz silver bars. Seems like a good balance between premium and divisibility. Anyone else made a similar pivot from mostly gold to adding significant silver? What were your experiences? Did you regret it, or did it pay off for you?
I know some people prefer coins, but I'm just looking for pure weight right now with the lowest premiums. With my current portfolio size, I feel like I have enough exposure to the "safe" asset, and I'm ready to take a little more calculated risk with silver. Any good Tulsa-area dealers you all trust for silver purchases that offer competitive pricing?