My Silver Stacking Journey and Strategy (Midwest Perspective!)
- •Been stacking silver for about 3 years now, and wanted to share my journey and current strategy.
- •Started super small, mostly buying a tube or two of ASEs here and there when I had some extra cash.
- •My initial goal was just a hedge against inflation and a fun way to invest outside the stock market, which felt a bit like a casino at times.
Been stacking silver for about 3 years now, and wanted to share my journey and current strategy. Started super small, mostly buying a tube or two of ASEs here and there when I had some extra cash. My initial goal was just a hedge against inflation and a fun way to invest outside the stock market, which felt a bit like a casino at times.
My strategy has evolved a lot. At first, I was all about the cheapest premium, so generic rounds and bars were my go-to. But living in Minneapolis, I've found a few local coin shops where the price difference for sovereign coins isn't always that much more, especially for Canadian Maples or even some lower-premium ASEs when they have a sale. Now, I try to balance between lower premium (still grabbing bars and rounds if the price is right) and recognized sovereign government coins for the liquidity factor. I figure if things really go sideways and I need to sell locally, a Maple Leaf is probably easier to offload than a random private mint bar for someone who isn't a "stacker."
I'm a marketing executive, trying to semi-retire early in the next 5-7 years, and the silver is a small but meaningful part of that diversification. I'm probably sitting on about 700-800 oz right now, stored in a secure location. It’s not a huge chunk of my overall portfolio (which has a big chunk in my Gold IRA, another story for another time!), but knowing I have that physical asset provides a certain level of comfort. I'm focusing on buying dips or when my fiat just feels... too fiat-y.
How do others approach the "generic vs. sovereign" debate? Do you have a percentage split you aim for? And for those in colder climates, any specific considerations for storage that you've run into?