My Silver Stacking: Slow & Steady Wins the Race (I hope!)
- •Thought I'd share a bit about my silver stacking strategy, mostly because I'm curious what others in the 50-100k range are doing.
- •I started my Gold IRA about five years ago and tucked away my 401k a long time ago, but then got into physical silver about three years back.
- •I started with some Eagles and Liberties, mostly just to get my feet wet.
Thought I'd share a bit about my silver stacking strategy, mostly because I'm curious what others in the 50-100k range are doing. I've been a government employee here in Albuquerque for almost 20 years now, and while the pension is nice, I'm really trying to build a solid supplement for retirement, especially with all the talk about inflation these days. I started my Gold IRA about five years ago and tucked away my 401k a long time ago, but then got into physical silver about three years back.
I started with some Eagles and Liberties, mostly just to get my feet wet. Nothing fancy, just trying to acquire some tangible assets. My strategy has been pretty consistent: about $500-$700 a month into silver, mostly 1 oz coins and occasionally a 10 oz bar if I see a decent premium. I'm not trying to time the market – just dollar-cost averaging my way in. I've got a decent stash now, probably around $12-15k worth, all stored securely off-site. The goal is to hit at least $25k before I even think about slowing down. That feels like a solid, achievable number for me personally.
My biggest internal debate is still between coins and bars. Coins obviously have a higher premium but are more recognizable and potentially easier to sell in smaller increments if needed. Bars are more "bang for your buck" weight-wise. What's everyone else's take on that? Are you diversifying into different weights and types, or sticking to one primary form?
Also, anyone else feeling the pinch with premiums lately? It just feels like I'm paying more and more for the same amount of silver, even with the spot price not always going along for the ride. It’s a bit frustrating pulling the trigger on a purchase when you feel like you're overpaying, but then again, that's what I said three years ago too! Any good local shops around Albuquerque that folks like for lower premiums?