Silver Stacking amidst inflation worries - My Richmond experience
- •Been seeing a lot of posts lately about folks just starting their precious metals journey, and it got me thinking about my own.
- •I dove into silver stacking around 2020, right when the pandemic really kicked inflation fears into high gear.
- •As a university prof here in Richmond, my retirement fund was looking...
Been seeing a lot of posts lately about folks just starting their precious metals journey, and it got me thinking about my own. I dove into silver stacking around 2020, right when the pandemic really kicked inflation fears into high gear. As a university prof here in Richmond, my retirement fund was looking... well, volatile, to say the least. My primary Gold IRA is doing well, but I really wanted to diversify beyond just gold and traditional investments.
My strategy from the start has been pretty consistent: prioritize physical silver, mostly 1oz coins (Eagles, Maples, Britannias – I love the variety in design) and some 10oz bars. I’m a research-driven investor, so I spent weeks poring over forums like this, academic papers on monetary policy, and historical analyses of precious metals performance during economic downturns. The goal was to accumulate between $50k and $100k in silver, separate from my Gold IRA, as a hedge against inflation and potential currency devaluation. Currently sitting at just over $70k in total silver holdings, so I'm getting there.
One thing I’ve learned is that premiums can eat into your gains if you're not careful. I've found a couple of reputable online dealers where I can generally get decent prices, and I also check out local coin shops around Richmond, though their buy/sell spreads can sometimes be a bit wider. Storage is another big consideration – I’ve got a good safe at home, but for the larger portion, I use a private vault service. It’s an added cost, but the peace of mind is worth it for metals that significant.
It's not about getting rich quick, obviously. For me, it's about wealth preservation and having a tangible asset outside the traditional financial system. With the way things are going globally, I feel a lot more secure knowing a piece of my portfolio is in physical assets that have held value for millennia. For those of you further along in your stacking journey, what are your thoughts on current premiums, especially for fractional silver vs. larger bars? Have your strategies shifted at all in the last year or so?