Just hit 20k oz of silver! My journey and current strategy
- •Finally hit the 20,000 troy ounce mark for silver in my IRA last month, and honestly, seeing that number feels pretty damn good.
- •Been stacking for about 15 years now, mostly gold, but silver has always been a solid part of the portfolio.
- •Started out small, just a few hundred ounces here and there, mostly with some leftover bonuses from my oil days.
Finally hit the 20,000 troy ounce mark for silver in my IRA last month, and honestly, seeing that number feels pretty damn good. Been stacking for about 15 years now, mostly gold, but silver has always been a solid part of the portfolio. Started out small, just a few hundred ounces here and there, mostly with some leftover bonuses from my oil days. My total portfolio is hovering around 850k now, so silver makes up a decent chunk of that, probably a third or so in terms of current value.
My strategy for silver has always been a bit different than gold. With gold, it's my bedrock, my ultimate inflation hedge, and honestly, a bit of a safety blanket in these crazy times. Silver, though? I see it as having more upside potential due to its industrial demand. Yeah, it's more volatile, but that volatility has also given me some great entry points over the years. I remember picking up a few thousand ounces back in 2011 when things got a little frothy, and then riding that wave. It’s hard to imagine being able to buy it that cheap again.
Currently, my strategy is to keep accumulating whenever I see a dip. I'm based in Dallas, so I’ve got a couple of trusted local dealers I work with, which helps me avoid some of the online premiums and shipping headaches. I also keep a close eye on the gold/silver ratio. When it gets out of whack, I sometimes consider swapping some gold for silver, or vice-versa, depending on which way the wind is blowing. It's not a set-in-stone rule, just something I monitor. What are y'all thinking about the ratio these days? Or are you just stacking without worrying about it too much?
I was actually playing around with that gold vs. stocks comparison tool over at goldvsstocks.goldirablueprint.com the other day, and it really reinforces why a healthy allocation to precious metals is crucial. Even looking at the last 10 years, it’s a pretty compelling story. While that tool focuses on gold, the general principles about portfolio diversification and hedging against market uncertainty certainly apply to silver as well. Anyone else feel like silver gets overlooked sometimes in these broader comparisons, despite its industrial importance?