Gold ATH - and my silver stack just sitting there!
- •Okay, so gold is absolutely ripping right now, smashing through all-time highs like it’s nothing.
- •But here’s the thing, my silver stack?
- •It hasn't seen the same kind of lift.
Okay, so gold is absolutely ripping right now, smashing through all-time highs like it’s nothing. I’ve been watching my Gold IRA hit some serious numbers this week and part of me is feeling pretty good about that move I made back in '21 to really bulk up. I put about $350k into physical gold then, and with how things are looking globally, especially with all the noise coming out of the South China Sea, it feels like a justified play. But here’s the thing, my silver stack? It's just... there. It hasn't seen the same kind of lift.
I mean, I've got a decent position in silver bars, mostly 100oz. I picked them up over the last couple of years as a hedge, thinking it would follow gold eventually, especially with all the industrial demand. I’m sitting here in Honolulu, watching the news, thinking about inflation and the devaluation of currencies, and gold seems to be doing exactly what I expected it to do as a safe haven. Silver, not so much. It's frustrating to see gold doing so well while silver seems to just lag behind.
I’m trying to decide if this is the time to re-evaluate my precious metal allocation. I’m retired military, so I’m looking for stability and capital preservation, not wild swings. My total portfolio is hovering around the $900k mark right now, and while gold makes up a good chunk of that, the silver feels a bit like dead weight compared to gold's performance. Should I be patient? Or is this a sign to maybe trim some silver and roll it into more gold, or even other assets?
Are any of you other gold bugs seeing the same disparity? What’s your take on silver’s performance relative to gold right now? Is it just a matter of time before silver catches up, or is the gold/silver ratio just going to keep widening? Feeling a bit of FOMO on the gold side, and FUD on the silver side, to be honest.