My silver stacking journey and strategy to get to 10k oz
- •Thought I'd share a bit about my silver journey and strategic approach to get to a pretty significant stack.
- •My first serious silver purchases were back in 2011-2012 when everyone was screaming about gold hitting $2k and silver going to $50.
- •I bought a bunch at those higher prices and then watched it tank.
Thought I'd share a bit about my silver journey and strategic approach to get to a pretty significant stack. I've been in real estate development for 25+ years, primarily high-end residential in the Aspen area, and it’s been a crazy ride, especially the last five years. I’m sitting on a portfolio north of $5 million, and a decent chunk of that is in physical precious metals, primarily gold, but I’ve been building my silver holdings more aggressively lately.
My first serious silver purchases were back in 2011-2012 when everyone was screaming about gold hitting $2k and silver going to $50. I bought a bunch at those higher prices and then watched it tank. Hurt like a son of a gun. Honestly, I walked away from it for a few years, just letting it sit. But then, about five years ago, I started looking at the macroeconomic picture again. The Fed's printing presses going brrr, inflation becoming undeniable, and the general instability globally… it just felt right to get back in. My initial strategy was just to buy whatever I could get locally at decent premiums, usually 1oz Buffalo rounds from a coin shop in Denver when I was down there for meetings.
Now, my strategy is much more focused. I’m targeting 10,000 ounces of physical silver. Currently sitting at just over 7,000. I’m not chasing every dip, but I'm looking for premiums under $3 over spot for 100oz bars and under $4 for 10oz bars or tubes of American Silver Eagles. The premiums on Eagles have been ridiculous lately, so I've mostly stuck to generic bars. I use a handful of online dealers, and still hit up my local guy if he gets a good bulk deal. I’m aiming to get to that 10k oz mark within the next 18-24 months, funneling about $50k-$75k a year into it, depending on other investments and real estate projects. My rationale is simple: hard money, tangible assets, and a hedge against the fiat fantasy. Plus, my wife likes the shiny stuff, which helps with the spousal buy-in.
What are your thoughts on current premiums, especially for Eagles? Anyone else feel like buying Eagles right now is just lighting money on fire with those astronomical premiums?