My Silver Stacking Journey and Strategy (and a Question
- •Elizabeth from Atlanta here.
- •I wanted to share a bit about my silver stacking journey since rolling over a portion of my 401k into a Precious Metals IRA a few years back.
- •I initially focused on gold, but lately, silver has really caught my eye.
Hey everyone! Elizabeth from Atlanta here. I wanted to share a bit about my silver stacking journey since rolling over a portion of my 401k into a Precious Metals IRA a few years back. As an accountant, I was always intrigued by the tax benefits, and frankly, the tangibility of physical assets just made sense to me, especially with all the market volatility we’ve seen. I initially focused on gold, but lately, silver has really caught my eye.
My strategy with silver has been to dollar-cost average into it, much like I used to do with certain stocks. I started small, buying a few 1oz government-minted coins (think American Silver Eagles and Canadian Maples) whenever I saw a dip, or my portfolio allowed for it. I actually track my average cost pretty diligently – I’m currently sitting at an average cost of around $22.50 an ounce, which I’m pretty happy with given its recent performance. I haven't gone for anything too exotic, mostly sticking to well-known pieces for ease of liquidity if I ever needed to sell. My aim is to build up a decent foundation of physical silver within my IRA, aiming for about 20% of my overall precious metals allocation to be in silver.
It's been fascinating to see how the gold-to-silver ratio fluctuates. I'm not actively trading it, but it certainly informs my decisions on where to allocate my new contributions. I'm keen on the industrial demand aspect of silver, which I think gives it a unique edge compared to gold.
So, I'm curious to hear from you all! For those of you who stack silver, what's your strategy? Are you focusing on specific types of coins or bars? And for those with Gold IRAs, how much, if any, silver do you include in your precious metals allocation? Thanks for sharing!