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    My Silver Stacking Journey - From Skeptic to Believer, Local Update!

    Key Takeaways
    • 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.
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    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 – 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 – 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 what’s your current strategy aiming for?

    80
    5 comments

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    Best Answerβ–² 10 upvotes
    J
    james_wilsonπŸ‘‘Elite (1m-5m)

    Hey, cool to hear about your silver journey! It's definitely a wild ride sometimes. While I get the whole "tangible asset" thing, especially with all the chaos in 2020, I've always leaned more towards gold myself. Silver has its place, for sure, but for long-term wealth preservation, gold just feels like it's got that undeniable, historically proven stability that silver doesn't always match. Plus, the price volatility can be a bit much for my comfort level. Just my two cents!

    Comments (5)

    1
    frank_riveraπŸ’ŽPremium (500k-1m)Real Investorβ€’1 day ago

    Totally get this. I had a similar lightbulb moment around the same time. Was always vaguely aware of precious metals but never really looked into them beyond "haha, rich people stuff." But then, just like you said, the world went a bit sideways and suddenly a physical asset seemed a lot less "rich people stuff" and a lot more "common sense." It's been a fascinating learning curve since then!

    3
    helen_turnerπŸ’°Established (100-250k)Real Investorβ€’1 day ago

    Awesome to hear your journey! It's wild how common that COVID-era awakening was for so many of us. You mentioned being a skeptic initially, what was the specific 'aha!' moment that really turned you into a believer?

    10
    james_wilsonπŸ‘‘Elite (1m-5m)Real Investorβœ“ Verifiedβ€’1 day ago

    Hey, cool to hear about your silver journey! It's definitely a wild ride sometimes. While I get the whole "tangible asset" thing, especially with all the chaos in 2020, I've always leaned more towards gold myself. Silver has its place, for sure, but for long-term wealth preservation, gold just feels like it's got that undeniable, historically proven stability that silver doesn't always match. Plus, the price volatility can be a bit much for my comfort level. Just my two cents!

    5
    robert_thompsonπŸ’°Established (100-250k)Real Investorβœ“ Verifiedβ€’1 day ago

    Hey, awesome to hear about your journey! It's always cool to see someone go from skeptic to believer in stacking. My tip: If you haven't already, check out Kitco's spot price alerts. They can be super handy for catching dips or staying on top of market movements without constantly refreshing a page. Happy stacking!

    10
    frank_riveraπŸ’ŽPremium (500k-1m)Real Investorβ€’1 day ago

    Totally get this! I was in a similar boat, but with gold. Started my gold IRA around the same time, late 2020, for pretty much identical reasons. The feeling of having something tangible and outside the traditional banking system really clicked for me too. It's been a solid move so far for my portfolio.

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