Recession prepping with silver bars - what's your take?
- •Starting to feel a little antsy about the economy, and with everything going on globally, I'm really looking at how to recession-proof my portfolio.
- •Lately, I’ve been looking more and more into silver bars.
- •The Gold IRA has been great for stability, but I'm wondering if adding some physical silver bars, specifically, might be a good move.
Starting to feel a little antsy about the economy, and with everything going on globally, I'm really looking at how to recession-proof my portfolio. I’ve currently got about $180k invested, and a decent chunk of that is already in a Gold IRA, which I set up after seeing how volatile everything can get. I’m a military contractor based out of Jax, and 'security-minded' is pretty much my default setting, so I’m always looking for ways to protect my assets.
Lately, I’ve been looking more and more into silver bars. The Gold IRA has been great for stability, but I'm wondering if adding some physical silver bars, specifically, might be a good move. I’m not talking about junk silver or anything, but some actual 100oz or even kilo bars to have on hand. The thought is that in a serious downturn, silver might actually be more useful for day-to-day transactions or bartering than gold, just because of its lower price point.
Has anyone here diversified into physical silver bars for recession prepping? What are your experiences? Did you buy from a local dealer in Florida, or go with an online vendor? I’m weighing the pros and cons of keeping it at home versus in a secure vault. Not gonna lie, having that much metal sitting around makes me a little nervous, but also kinda reassuring. I'm just trying to make sure I'm covered no matter what storms are on the horizon.
Appreciate any insights or advice you guys might have. Always good to hear from folks with boots on the ground.