My Silver Stacking: From Basement to Bull Market
- β’Thought I'd share a bit about my silver journey, see what some of you higher net worth guys are doing here.
- β’Been in this game for a while, originally got into it back in '08 when the world felt like it was going to hell in a handbasket.
- β’Had some cash freed up from a couple of delayed development projects in Snowmass and figured, why not diversify beyond my usual real estate plays?
Thought I'd share a bit about my silver journey, see what some of you higher net worth guys are doing here. Been in this game for a while, originally got into it back in '08 when the world felt like it was going to hell in a handbasket. Had some cash freed up from a couple of delayed development projects in Snowmass and figured, why not diversify beyond my usual real estate plays? Started with a few thousand ounces, mostly coins and bars from my local dealer in Denver. Nothing fancy, just trying to hedge against the craziness.
My initial strategy was pretty straightforward: buy physical, hold it. Didn't really care about the dips or spikes; this wasn't speculative trading for me. It was about preserving wealth, plain and simple. Over the years, as my portfolio grew past the 5M mark and especially after a big development sale in Paradise Valley a few years back, I started getting a bit more sophisticated with my allocation. Now, a substantial portion of my precious metals, particularly gold, is actually in a Gold IRA. But for silver, I still prefer holding a good chunk of the physical stuff directly. Itβs comforting to know itβs there, accessible if needed, albeit obviously not in my basement anymore β those days are long gone. Switched to a secure, insured vault a few years back. The thought of all that weight in my Aspen place just gives me hives now.
Currently sitting on close to 20,000 ounces of silver, a mix of American Eagles, Canadian Maples, and some larger COMEX bars. I also dipped my toes into some fractional silver for a while, but honestly, the premiums just kill any real benefit unless you're talking about really unique pieces. My strategy now is pretty consistent: dollar-cost averaging in whenever I see a decent dip, usually adding about 500-1000 oz at a time if the price is right. Iβm thinking long-term here, not looking for quick flips. What are others doing in similar positions? Are you guys still primarily physical on the silver or moving more towards ETFs or other paper assets?
One thing I always recommend, especially for newer investors or those looking to deepen their understanding, is to hit up some reliable educational resources. The Learning Center is a solid spot for getting your head wrapped around precious metals, IRAs, and all the intricacies. Itβs where I sent my nephew when he started asking about getting into metals after he made some decent coin from his tech startup down in Denver.