Just hit my silver goal for the year - now what? A look
- •Finally hit my 1000 oz silver goal for the year last week!
- •Been picking up a mix of 10oz and 1oz rounds when I can, mostly from Monument Metals and SD Bullion.
- •It feels good to have that physical buffer.
Finally hit my 1000 oz silver goal for the year last week! Been picking up a mix of 10oz and 1oz rounds when I can, mostly from Monument Metals and SD Bullion. It feels good to have that physical buffer. I started really getting into silver about 3 years ago – had some extra cash from a good year in insurance sales and decided to diversify beyond just my 401k and some ETFs. My advisor back then was a bit skeptical, but I always liked the idea of holding something tangible. My initial thought was just to hold onto it, but now I'm starting to wonder if I should be thinking about selling some off at certain price points, or just hold indefinitely. Thoughts from long-term stackers?
My strategy has always been pretty simple: allocate about 5-10% of my overall portfolio to precious metals. For the first couple of years, it was all silver. Just crossed the $100k mark in my total portfolio, and about $15k of that is in physical silver. I'm based here in Omaha, and it's nice knowing I have that stored securely. My next move is to start looking at a Gold IRA for the gold portion of my metals allocation – I want that tax-advantaged growth, especially since I'm already maxing out my other retirement accounts. My financial advisor (a new one, thankfully!) and I are going to sit down next month to specifically discuss opening a Gold IRA, probably through Augusta or something similar.
I'm trying to balance the physical silver I can touch and feel with the more structured, tax-advantaged approach of a Gold IRA. For anyone else in a similar boat, how do you decide the split between physical and IRA-held metals? Is there a point where having too much physical silver becomes a logistical headache? I've been debating setting a new goal for next year, maybe another 500 oz of silver, or just focusing entirely on funding the Gold IRA for a bit. Any advice on managing both aspects?