Silver Stacking: My Journey From Tech Bro to Bullion
- •Been quietly stacking silver for a few years now, mostly through my Gold IRA, and it's been quite the ride.
- •Started getting serious about it right after I cashed out some of my early equity.
- •Was looking at the market in late 2021/early 2022 and just felt like things were getting a little… frothy.
Been quietly stacking silver for a few years now, mostly through my Gold IRA, and it's been quite the ride. Started getting serious about it right after I cashed out some of my early equity. Was looking at the market in late 2021/early 2022 and just felt like things were getting a little… frothy. San Francisco real estate, tech valuations, everything. Decided to pull about 10% of my total portfolio, which was around $300k at the time, and roll a good chunk of that into physical metals, primarily silver, with a smaller portion in gold.
My initial strategy was pretty straightforward: acquire as much physical silver as possible through reputable dealers that work with self-directed IRAs. I'm talking mostly 10oz and 100oz bars, a few tubes of American Silver Eagles for good measure, just to diversify the types of holdings. The goal isn't actively trading, but rather long-term wealth preservation and a hedge against inflation. This isn't my "get rich quick" play; it's the "don't get poor slowly" play, if that makes sense. I still have significant exposure to the equities market, but this really helps me sleep at night when everything else feels like it's on fire.
One thing I've learned is the premium on smaller denominations for silver can really eat into your gains if you're not careful. I made that mistake early on with some 1oz rounds. Now I focus on larger bars to minimize that. Also, the storage aspect is something to consider; using an insured, third-party depository for the IRA portion gives me peace of mind. For the smaller non-IRA stack, it's a home safe, which is a whole other anxiety-inducing topic. Anyone else here splitting their stack between home and professional storage?
Curious to hear from others who are taking a similar approach. What's your average cost basis looking like these days? Are you primarily targeting historical "fair value" or just accumulating steadily? And any thoughts on palladium or platinum as a further diversification for an IRA? I'm debating whether to allocate another 5% of my total portfolio to those over the next year or so, but haven't quite pulled the trigger yet.