Stacked up a tidy sum in silver, looking for others to
- •My rationale was pretty simple: industrial demand is always there, and it’s still considered a monetary metal.
- •Plus, the gold/silver ratio just seemed…off.
- •My strategy from day one has mostly been focused on dollar-cost averaging.
Hard to believe it's been almost 15 years since I started seriously stacking physical silver, right around when I was winding down my career in chemical engineering for one of the big energy players here in Houston. Made a decent amount in my 401k and then some good decisions in the market, but something always felt off about having all my eggs in the traditional basket. That’s when I really buckled down and started looking at precious metals, particularly silver because frankly, gold felt a little out of reach for the amount I wanted to acquire initially. My rationale was pretty simple: industrial demand is always there, and it’s still considered a monetary metal. Plus, the gold/silver ratio just seemed…off. Still does, frankly.
My strategy from day one has mostly been focused on dollar-cost averaging. I set aside a certain amount every month, and regardless of the price dips or spikes, I just kept buying. Primarily 1oz American Silver Eagles and some 10oz bars. No fancy numismatics for me – I’m in it for the weight and the intrinsic value, not the collector premium. I’ve probably got somewhere north of 2,000 ounces now, all tucked away securely. It’s a good feeling knowing a substantial part of my portfolio, well into the mid-six figures just for the silver alone, isn't directly tied to the whims of the stock market or the latest Fed pronouncements. I even bought a decent chunk during those wild 2020-2021 surges, and while it stings a little, I don't regret it.
Lately, with all the inflation talk and geopolitical uncertainty, I've been considering if I should be diversifying my silver holdings more. Maybe some larger bars, or even looking into moving a portion into a dedicated silver IRA, though I’m a bit wary of the logistical complexities and storage fees there. I have a buddy who swears by mining stocks as a way to get leveraged exposure, but that feels a bit too much like playing the market for my comfort when the goal of my physical stack is real wealth preservation. What are some of y'all's strategies for managing a larger physical silver stack? Anyone here gone the IRA route and can share their experience?