Reflecting on my silver stack - how much is enough?!
- •Back in the late 90s, when I was still elbow-deep in the energy sector, I thought I was being smart just buying a few rolls of ASEs here and there.
- •Now, my vault (yes, a proper vault, not just a glorified closet) is probably approaching 2,000 ounces, maybe a bit more, if I'm honest.
- •My strategy has always been pretty straightforward: buy physical, hold it close, and don't get too caught up in the daily price swings.
You know, sitting here in my Houston high-rise, looking out over the city lights, it's wild to think about how far I've come since I first started seriously stacking silver. Back in the late 90s, when I was still elbow-deep in the energy sector, I thought I was being smart just buying a few rolls of ASEs here and there. Now, my vault (yes, a proper vault, not just a glorified closet) is probably approaching 2,000 ounces, maybe a bit more, if I'm honest. The funny thing is, my gold IRA just keeps growing, and sometimes I wonder if I'm neglecting my silver a bit too much in comparison, even though it's already a decent chunk of change.
My strategy has always been pretty straightforward: buy physical, hold it close, and don't get too caught up in the daily price swings. I mostly stick to reputable government mint coins – Eagles, Maples, Britannias – because the liquidity is just better, and you avoid some of those crazy premiums on obscure rounds when you go to sell. I've been burned once or twice in the past trying to chase some "limited edition" bar that ended up being a nightmare to offload. Lesson learned there. I also dabble in some 90% "junk silver" when the premium is low enough, especially dimes and quarters. There's just something satisfying about stacking those old coins.
Lately, with all the economic uncertainty and inflation talk, I’ve been thinking about diversification within my precious metals. My gold holdings are substantial, easily in the low seven figures now, thanks to some smart moves during my retirement. But even as a gold bug, I see silver’s potential – industrial demand, monetary history, the whole nine yards. It still feels undervalued compared to gold, even with the recent run-up. My question to you all is, at what point do you feel like you have 'enough' silver? Is there a ratio you aim for against your gold holdings? Or is it more about a certain percentage of your total liquid assets?
I'm constantly re-evaluating my position. I love the feel of those heavy silver bars, and the insurance it provides against absolute chaos makes me sleep better at night. But there's also the practical side of storage and potential future sales. What are your thoughts on holding such a significant silver position alongside a much larger gold one?