My silver strategy – mostly keeping it local and low-key
- •Thought I'd share how I'm approaching silver, mostly because I love hearing how others are doing things and maybe this can spark a good conversation.
- •I like the idea of having something tangible and accessible beyond my retirement accounts, especially with everything going on these days.
- •My strategy is pretty straightforward: I'm focused almost entirely on junk silver (pre-1965 U.S.
Thought I'd share how I'm approaching silver, mostly because I love hearing how others are doing things and maybe this can spark a good conversation. I've been slowly building up my silver stash over the last five years, aiming for around $20,000 in physical silver as a nice complement to my Gold IRA. I like the idea of having something tangible and accessible beyond my retirement accounts, especially with everything going on these days.
My strategy is pretty straightforward: I'm focused almost entirely on junk silver (pre-1965 U.S. coinage) and a few fractional rounds. Living here in Boise, I've found a couple of great local coin shops that I frequent. I actually enjoy the hunt, digging through their bins of dimes and quarters. It feels a bit like community involvement, supporting local businesses, which is important to me as a mayor. I don't really bother with the big online dealers much; the shipping charges add up, and I prefer to see what I'm getting in person anyway. Plus, the guys at Boise Rare Coins always have interesting stories. I'm up to about $12,000 face value in junk silver, and maybe another $3,000 in smaller rounds.
I feel pretty good about it as an emergency fund/barter item. It’s easily recognizable, widely accepted (should the need arise), and doesn't draw too much attention. I’m thinking of upping my target to $25,000 maybe if the prices dip significantly again. What kind of silver do most of you prefer for your personal holdings outside of a Gold IRA? Are you more into bars, rounds, or do you also favor junk silver?