My Silver Stacking Journey - From Skeptic to Believer, Local Update!
- β’Thought I'd share a bit about my silver stacking.
- β’I started in 2020, mostly driven by all the economic uncertainty swirling around with COVID and everything.
- β’Initially, I just dipped my toe in, picked up a few ASEs and generic rounds.
Thought I'd share a bit about my silver stacking. I started in 2020, mostly driven by all the economic uncertainty swirling around with COVID and everything. You know, seeing the shelves empty, the news cycles being what they were β it just clicked that having something tangible outside of the financial system was a smart play. Initially, I just dipped my toe in, picked up a few ASEs and generic rounds. I think I spent maybe $5k that first year, just testing the waters and learning the ropes.
My strategy has evolved quite a bit since then. For a while, I was all about the pretty collector coins, but I quickly realized premiums can eat you alive. Now, I'm much more focused on getting the most bang for my buck in terms of pure silver weight. I still grab a few Eagles or Maples here and there when the price is right, but mostly I'm looking for 10oz bars or even 100oz bars if I can find them at a good price point. I also started looking into junk silver β dimes, quarters, half-dollars from before '65. It's surprisingly easy to find and often comes with a lower premium than brand new bullion. Being a mayor here in Boise, I'm always thinking about local stability and what kind of resources would be most adaptable in a pinch, and silver just feels like that kind of asset.
Currently, I'm sitting around 800 ounces of silver, which for my portfolio size (around $75k-ish including my Gold IRA, which is separate but also going strong) feels like a decent hedge. My goal isn't to get rich quick, but rather to preserve wealth and have an accessible physical asset. I try to buy consistently, maybe an ounce or two a week if spot prices are favorable, or a larger chunk once a month. My biggest worry is storage, honestly. I've got a good safe, but as the stack grows, I'm wondering if I should look into secure off-site storage. Any recommendations for services in the Pacific Northwest?
It's been a really interesting journey. I've gone from being a total skeptic to a firm believer in physical precious metals as part of a diversified portfolio. What about you all? How did you get into stacking silver, and whatβs your current strategy aiming for?