My Silver Stacking Journey - From Coins to bars, and Thinking about my Gold IRA (KY side)
- •Thought I’d share a bit about my silver stacking journey and see what some of you more seasoned folks think.
- •Initially, I dipped my toes in with a few American Silver Eagles and Canadian Maples, just to get a feel for it.
- •That was around 2021, and I probably only dropped about $5k on those.
Thought I’d share a bit about my silver stacking journey and see what some of you more seasoned folks think. I started seriously looking into precious metals a few years back, mainly driven by watching what’s been happening with inflation and just a general feeling of wanting to diversify beyond the usual stocks and real estate. As a horse farm owner here in Louisville, you learn pretty quickly that you need to be practical and have some tangible assets, especially when the market can be as wild as a thoroughbred at the Derby.
Initially, I dipped my toes in with a few American Silver Eagles and Canadian Maples, just to get a feel for it. That was around 2021, and I probably only dropped about $5k on those. Slowly, I started buying more, shifting towards 10 oz and even 100 oz bars. The premiums on those smaller coins can really add up, and for me, pure weight seems more efficient. I'm now sitting on roughly $60k in physical silver spread between a home safe and a local vault. My goal is to eventually hit $100k in silver, but I'm not chasing prices too hard right now, just buying regularly when I see a decent dip.
My strategy has always been long-term wealth preservation. I'm not looking for a quick flip; this is essentially my "extra" rainy day fund. It makes me feel a lot more secure knowing I have something tangible tucked away, especially with everything going on globally. Plus, it's just really satisfying to hold a big silver bar – there's something ancient and valuable about it.
I've recently been thinking about adding some gold to the mix, specifically through a Gold IRA. I've got around $150k in an old 401k that I'm considering rolling over. I used that Gold IRA Calculator I saw linked in another thread to guesstimate what kind of returns I might see, and it definitely got me thinking.
Has anyone here diversified from silver into a Gold IRA? What were your experiences, especially with conversion and finding a trustworthy custodian? I'm trying to figure out if it's better to just keep buying physical gold directly or if the tax advantages of the IRA outweigh the custodianship fees. Any thoughts would be greatly appreciated!