My Silver Stacking Journey and Strategy as a Gold Guy
- •Been a Gold IRA guy for over two decades now, pretty much since I was still putting in shifts at the plant in Detroit.
- •Gold’s always been my bread and butter – reliable, solid, a true store of value.
- •Got a good chunk of my portfolio there, probably sitting around the $700k mark if you count everything up.
Been a Gold IRA guy for over two decades now, pretty much since I was still putting in shifts at the plant in Detroit. Gold’s always been my bread and butter – reliable, solid, a true store of value. Got a good chunk of my portfolio there, probably sitting around the $700k mark if you count everything up. But lately, I’ve been looking a lot harder at silver, and I wanted to pick some brains on how others are approaching it.
My silver journey really kicked off a few years ago. I’d always had a little here and there, mostly some old coins and a few Eagles, but nothing serious. Now, I’m probably around 10-15% of my precious metals in silver, moving towards that 20% mark. I’ve been focusing on 1 oz and 10 oz American Silver Eagles and Canadian Maple Leafs for the most part, staying away from anything too obscure. The premiums still sting a bit, I won’t lie. Every time I hit up ABC Bullion or SD Bullion, I feel that pinch. But the industrial demand for silver, plus its monetary history, just feels like it’s got a bit more bounce in the long run compared to gold sometimes. Am I alone in feeling that excitement, even with the volatility?
My strategy for silver is pretty simple: dollar-cost averaging in whenever I have some extra cash flow, usually a few thousand every other month or so. And unlike gold, where I mostly stick to an IRA, my silver is a mix of IRA and physical at home. The physical silver feels more... tangible, I guess, for the "what if" scenarios. I also like having some readily available if I ever needed to trade it for something smaller scale. Thinking about getting some 90% junk silver too, for that very reason. Anyone else feel like physical silver in hand gives you a different kind of peace of mind than just numbers on a screen?
What are your thoughts on geographical diversification for silver? I’ve mostly bought domestically, but I’ve seen some folks mentioning storing internationally. Is that something worth looking into at my portfolio size? Also, for those with a significant silver stack, what percentage of your overall portfolio (not just precious metals) do you aim for? I’m still feeling out the sweet spot between diversifying and not over-exposing myself to the volatility.