Just hit my 1000 oz silver goal - what's next for the stack?

Gary Stewart

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Just hit my 1000 oz silver goal - what's next for the stack?

gary_stewart📊Growing (50-100k)

about 9 hours ago

Key Takeaways

•Finally hit my 1000 ounces of silver a few weeks back and man, it feels good.
•Been chipping away at it for about five years now, mostly through my Gold IRA.
•It’s tangible, something you can hold, and it feels like real wealth.

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Finally hit my 1000 ounces of silver a few weeks back and man, it feels good. Been chipping away at it for about five years now, mostly through my Gold IRA. As someone who's always been hands-on with real assets – you know, running my agriculture business here in Fresno – the idea of physical precious metals just resonates a whole lot more than some abstract stock market numbers. It’s tangible, something you can hold, and it feels like real wealth. Especially with all the uncertainty these days, having that silver feels like a solid foundation.

My strategy for the past few years has been pretty straightforward: dollar-cost averaging into silver bullion and occasional government-minted coins when I see a good deal. I converted about $50k of old 401k money into a Gold IRA with Augusta Precious Metals back in 2018, and a decent chunk of that went into silver. The rest is in gold, which I'm still building up. I'm thinking of dedicating more of my upcoming Q3 profits from the farm directly into more silver. Prices have been a bit all over the place, but I honestly see it as a long-term play, not something I’m trying to flip next year.

My emotions are definitely mixed – there's pride in hitting the goal, but also a slight anxiousness about what the market will do next. I’m thinking about starting to diversify my silver holdings a bit more. Right now it's mostly rounds and a few Maple Leafs. Should I start looking at some more numismatic coins, or stick to just stacking as much pure silver as possible? My initial goal was 1000oz, which I've now hit. Part of me wants to just keep going, maybe aim for 2000oz, but another part wonders if I should be rebalancing or looking at other assets.

So, for those of you who've hit similar milestones, what was your next move? Did you keep buying silver, or did you pivot to something else? Also, any fellow farmers out there or folks from Central California who have unique insights into physical asset protection? Always good to hear local perspectives on this stuff.

5 comments

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Best Answer▲ 8 upvotes

paul_hill🏆Advanced (250-500k)

Congrats on hitting your silver goal, that's awesome! While a Gold IRA is a solid move for diversification, and I totally get the appeal of physical assets (especially with your background), I'm curious why you're not also looking at other options for growth outside of just precious metals within your IRA. Seems like there's a lot of focus on one type of asset here, even if it's a good one.

Comments (5)

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

Congrats on hitting that major milestone! I totally get that feeling. I just hit 500oz myself after about three years of stacking mostly through my precious metals IRA. I'm also in agriculture, so the appeal of tangible assets really resonates. Now I'm wondering if I should try to bump up my gold holdings a bit or just keep chugging along with silver. Decisions, decisions!

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

Congrats on hitting the big 1k! That's awesome. You mentioned mostly accumulating through your Gold IRA – are we talking actual physical silver held by the IRA custodian, or was it more like a silver-backed ETF within the IRA that you then took distributions from to buy physical? Just curious about the mechanics there.

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

joseph_harris📊Growing (50-100k)•less than a minute ago

Congrats on hitting that 1000 oz milestone, that's awesome! For what's next, have you looked into fractional gold? If you're using a Gold IRA, it can be a great way to diversify your precious metals holdings without needing to drop a massive amount on a full ounce right away. Plus, it can be easier to liquidate smaller amounts if needed. Just a thought!

janet_cook📊Growing (50-100k)•less than a minute ago

Big congrats on hitting the 1000 oz mark! That's awesome, especially building it up over five years through your Gold IRA. I can totally relate to the feeling of having tangible assets, especially with a background in agriculture like yours. There's just something different about holding physical silver.

I set a similar goal for myself a while back, though a bit more modest at 500 oz, and it took me a good four years. Now that I'm there, I've actually started diversifying a bit more into platinum. The lower entry point compared to gold and the industrial demand make it pretty appealing for a long-term hold, similar to how I viewed silver initially. Might be something to consider if you're looking to branch out!

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