Silver stacker here - anybody else seeing huge demand surge lately for silver coins?
- •Okay, so I’ve been eyeing the silver market pretty closely since late 2021 when inflation really started heating up.
- •I’ve got about $300k across my retirement accounts, a good chunk of which is in a Gold IRA (and a decent amount of physical silver too, of course).
- •I'm in Salt Lake City, and I specialize in helping people set up these accounts.
Okay, so I’ve been eyeing the silver market pretty closely since late 2021 when inflation really started heating up. I’ve got about $300k across my retirement accounts, a good chunk of which is in a Gold IRA (and a decent amount of physical silver too, of course). I'm in Salt Lake City, and I specialize in helping people set up these accounts. What I'm noticing anecdotally from my clients, and just general inquiries, is a massive uptick in interest for silver lately, especially silver coins. Anyone else seeing this?
My theory is that as people get more nervous about their 401ks and traditional investments getting eaten alive by inflation, they're looking for tangible assets more than ever. Gold is always the king of safe havens, but silver feels more accessible to a lot of people just starting to diversify. Plus, with the whole debt ceiling drama and the Fed still trying to figure out what they’re doing, it’s not exactly bringing confidence to the market, is it?
I’m also starting to get more questions about future RMDs (Required Minimum Distributions) from older clients who are getting into gold and silver IRAs now. It’s a smart move to plan ahead, especially since these assets can appreciate so much. For anyone else wondering, I always point them to this RMD Calculator – it's super helpful to get a rough idea of what you’ll be looking at down the line. It's a goldiraBlueprint tool that some of my colleagues developed.
Anyway, what are your thoughts? Is this just a local thing I'm seeing, or is the demand for silver coins really picking up steam nationally because of inflation fears? Are you diversifying into silver right now, and if so, what types of coins or bars are you targeting?