My Silver Stacking - Almost 20 Years In, Detroit POV
- •Thought I’d share a bit about my silver journey, especially since I see a lot of new folks asking about getting started.
- •Started really getting serious after 9/11 and seeing how crazy things could get.
- •I’m not some doomsday prepper, but I’ve always believed in having real assets you can touch.
Thought I’d share a bit about my silver journey, especially since I see a lot of new folks asking about getting started. I’m an old auto guy from Detroit, retired now for a few years, and I’ve been stacking silver (and gold, but that’s another story) for almost 20 years. Started really getting serious after 9/11 and seeing how crazy things could get. My portfolio is probably sitting around the $750k mark these days, with a good chunk in physical precious metals, some of that in an IRA, and the rest squirreled away privately. I’m not some doomsday prepper, but I’ve always believed in having real assets you can touch.
My strategy has always been pretty straightforward: buy on dips and hold long-term. I'm not flipping coins or anything. Primarily, I've stuck with eagles and maples for easy recognition and liquidity, but I've also got a decent amount of 90% junk silver. There’s something undeniably satisfying about holding a stack of old dimes and quarters. In terms of percentage, I try to keep about 10-15% of my overall portfolio in silver, with another 20-25% in gold. Diversification is key, even within precious metals. I always used to say to the younger guys at the plant, "Don't put all your wrenches in one toolbox."
I remember back in '08-'09, when things were really looking grim, watching my silver stack actually increase in value while the rest of my investments were getting hammered. That really cemented my belief in it. I've bought at $40 an ounce, and I've bought at $15. It all averages out over time. Right now, with all the economic uncertainty and inflation fears, I'm still adding a bit here and there. Not going all-in like some of the younger guys are doing, just steady accumulation like I always have. What are you all seeing out there in terms of decent deals for physical silver right now? Always looking for a good lead.