From Tech Unicorn to Silver Stacker: My Journey &
- •Okay, so I've been lurking for a while, figured it's time to actually post.
- •It's saved my butt trying to project future distributions and how much I need to keep liquid vs.
- •Most of my stack over the years has been gold, but recently I’ve been heavily diversifying into silver.
Okay, so I've been lurking for a while, figured it's time to actually post. For context, I'm one of those early internet guys who managed to ride the dot-com bubble (the second one, not the first collapse) and cash out of my tech company a few years back. Ended up with a portfolio in the low 8 figures—enough to make RMDs a serious concern, which, sidebar, if you're hitting those ages, seriously check out that RMD Calculator at Gold IRA Blueprint. It's saved my butt trying to project future distributions and how much I need to keep liquid vs. in metals.
Most of my stack over the years has been gold, but recently I’ve been heavily diversifying into silver. My initial strategy was pretty simple: gold for wealth preservation, silver for growth potential/industrial demand. I'm sitting on about 70/30 gold to silver right now, aiming for closer to 60/40 over the next couple of years. For silver, I'm primarily focused on 1oz American Silver Eagles and Canadian Silver Maples. I like the liquidity and recognizability. I toyed with some 10oz bars early on, but honestly, the smaller denominations just feel more versatile.
My strategy for accumulating silver has been to dollar-cost average. Every month, I carve out a chunk from my income stream (I still advise a few startups, so it's not like I'm fully retired) and buy. I've got a local coin shop here in Dublin, OH that I trust, and I also use a couple of the bigger online dealers depending on who has the best premiums that week. I’m thinking long-term here, not trying to flip quickly. The way I see the current economic climate, with all the printing and inflation fears, physical silver just makes sense as a tangible asset that isn't tied to the whims of the stock market.
What are others doing for their silver strategy? Are you more into bars or rounds? Any particular types you swear by?