Silver stackers - what are you seeing with recession fears?
- •Been hearing a lot of chatter lately on the news, and even some whispers down at the club, about a potential slowdown.
- •Nothing concrete, but enough to get an old hand like me thinking.
- •I've been in this game, specifically with gold, for 15 years now, started piling up those yellow bricks back when Bush was still in office.
Been hearing a lot of chatter lately on the news, and even some whispers down at the club, about a potential slowdown. Nothing concrete, but enough to get an old hand like me thinking. I've been in this game, specifically with gold, for 15 years now, started piling up those yellow bricks back when Bush was still in office. Moved over half a million into it over time, mostly physical, sitting comfortably right here in Dallas. My gut, after seeing a few downturns in the oil patch over the decades, tells me it's time to tighten the belt and make sure my portfolio is prepped.
My core strategy has always been gold for the long haul, true wealth preservation. But with all this talk of inflation lingering and a potential recession, I've been giving silver a much harder look. I've always had a small silver stack, mostly American Silver Eagles and some Canadian Maples, maybe 5-10% of my precious metals. But now I'm wondering if I should be increasing that allocation significantly for recession-proofing. The industrial demand for silver combined with its monetary history makes it an interesting play, especially if things get really bumpy.
What are you all who are heavier into silver seeing or thinking? Are you actively buying more physical silver coins right now, or pausing? Any specific types of coins you're targeting for this kind of environment? I'm talking about tangible assets you can hold, not ETFs. Curious if anyone's seeing premiums fluctuate or anything else telling on the ground. Just trying to figure out if my intuition about silver being a stronger play in a true recessionary environment holds up for others too.