Just started stacking silver, what's everyone's strategy look like?
- •Okay, so I've been dipping my toes into the silver stacking game and gotta say, it feels pretty good.
- •My strategy so far has been pretty simple: dollar-cost averaging.
- •I set up a small chunk to go into silver each month, kind of like a set-it-and-forget-it thing.
Okay, so I've been dipping my toes into the silver stacking game and gotta say, it feels pretty good. I'm a young professional here in Charleston, and with all the talk about inflation and economic uncertainty, a Gold IRA seemed like a smart move for my retirement planning. I’ve currently got about $2k invested in my Roth Gold IRA, which is admittedly not a huge amount, but I'm just starting out with my investment journey.
My strategy so far has been pretty simple: dollar-cost averaging. I set up a small chunk to go into silver each month, kind of like a set-it-and-forget-it thing. I’m focusing mostly on reputable 1 oz silver rounds and some 10 oz bars when I see a good deal. I'm not really into the numismatic stuff right now, just stacking for weight and long-term value. Anyone else swear by DCA for their physical silver?
I'm curious to hear what other strategies people are using, especially for those of us with smaller portfolios (under $50k). Am I missing any obvious plays here? Are there particular sources or types of silver that are better for new stackers? Also, any Charleston locals have good recommendations for dealers, or do most of you buy online?
It's exciting to think about building up this tangible asset, especially as a hedge against what feels like a volatile financial future. Just trying to be financially smart for the long haul. Any advice or shared experiences would be awesome!