My silver stacking journey and strategy - what do you guys think?
- •We've got a decent IRA, but for our personal savings, I wanted something different.
- •My initial goal was to get to about $10,000 in physical silver.
- •I started with a few American Silver Eagles, then branched out to some Canadian Maples and even some generic rounds when the premiums seemed lower.
Okay, so I've been stacking silver for about two years now, and I gotta say, it feels SO much better than just having all my savings sitting in the bank. My husband, bless his heart, is all about the land and the crops, which I totally get, but I've always felt like I needed something tangible that wasn't tied directly to the farm. We've got a decent IRA, but for our personal savings, I wanted something different.
My initial goal was to get to about $10,000 in physical silver. I started with a few American Silver Eagles, then branched out to some Canadian Maples and even some generic rounds when the premiums seemed lower. My trick has been to buy a little bit every month, usually $300-$500 worth, almost like a separate bill I have to pay. If spot prices drop significantly, I try to throw in an extra $100 or so. I've been hitting some of the local coin shows around Kansas City when I can, because sometimes you can find a good deal and avoid shipping costs.
I'm about 70% of the way to that $10k mark, and I'm already thinking about what comes next. Part of me wants to keep going with silver, maybe aim for $20k, but another part wonders if I should start allocating some to gold. Gold premiums feel scarier, you know? With silver, even if the price dips, it's not like I'm losing thousands on a single coin. I mostly buy 1oz coins and bars – easy to store, easy to count.
For those of you who've been stacking longer, what was your strategy after hitting your initial silver goals? Did you switch to gold, or just keep building on your silver stack? And for those in the Midwest, any good local shops you'd recommend checking out for fair prices?