Just hit my 100oz silver bar goal! Feeling good about this retirement strategy
- •So, I finally did it!
- •Just bought another 10oz bar, and that pushes me over my initial 100 troy ounces goal for silver.
- •Pretty stoked about it.
So, I finally did it! Just bought another 10oz bar, and that pushes me over my initial 100 troy ounces goal for silver. Pretty stoked about it. It’s been a slow and steady process since I opened my Gold IRA a couple years ago. I’m a nurse here in Seattle, and after seeing so many people struggle with retirement planning, I decided I really wanted a tangible asset backing part of my savings. My Gold IRA is mostly gold, but I decided to diversify a bit into silver too.
My strategy for silver has been pretty straightforward: aim for 10oz bars mostly, with a few 1oz coins mixed in for fungibility in a pinch, though I mainly view this as a long-term hold in my IRA. I started out with a few 1oz American Silver Eagles, just to get a feel for it, but the premiums felt a bit high compared to the larger bars. I’ve been buying when I have some extra cash flow, usually $500-$1000 at a time, depending on what else is going on. It’s not a huge chunk of my overall retirement, maybe $2,500-$3,000 of my $75k Gold IRA portfolio, but it feels like a solid hedge.
The whole point for me is security. Working in healthcare, you see a lot of economic uncertainty impact people’s lives directly. Having something physical, outside of the traditional stock market fluctuations, just gives me a peace of mind that’s hard to put a price on. Plus, seeing that stack grow, even virtually in my IRA, is pretty satisfying. No flashy Lambos here, just steady accumulation.
Now that I hit 100oz, I’m thinking about what’s next. Should I keep accumulating silver at the same pace, or maybe focus more on adding to my gold holdings for a while? What’s everyone else’s silver-to-gold ratio like in their precious metals portfolio? Any thoughts on when to pivot strategies or if 100oz is a good baseline to maintain moving forward?