Thinking about silver stack timing - El Paso perspective
- •Been seeing a lot of chatter lately about trying to time the market, especially with silver.
- •I've got a decent chunk of my retirement in a Gold IRA, roughly $180k of it split between gold and silver, mostly physical.
- •The silver coins themselves are mostly American Eagles and Canadian Maples, with a few Kookaburras I picked up because I liked the design.
Been seeing a lot of chatter lately about trying to time the market, especially with silver. I've got a decent chunk of my retirement in a Gold IRA, roughly $180k of it split between gold and silver, mostly physical. The silver coins themselves are mostly American Eagles and Canadian Maples, with a few Kookaburras I picked up because I liked the design. My business here on the border keeps me busy; I don't always have time to sit and watch charts all day. That being said, the instinct to try and buy low, sell high, is always there, right?
My biggest concern is volatility. We see commodities swing wildly sometimes, and living on the border, I've got a pretty good sense of how quickly things can change, politically and economically, on both sides. A lot of folks are saying hold, hold, hold, but then you see these dips and wonder if you should have allocated more then. My initial lump sum buy-in for this portion of my IRA was about two years ago, when prices were a bit different than they are now, and I’ve dollar-cost averaged in a bit since then. But this idea of truly timing a big purchase or sale, knowing when the absolute peak or trough is, just feels like chasing your tail to me.
I’m constantly trying to educate myself, and the Learning Center has been a decent resource for understanding the macro picture beyond just daily spot prices. But for those of you who've been in this game longer, especially with silver, do you genuinely try to time your buys? Or are you more of a set-it-and-forget-it type, just adding steadily regardless of the daily noise? For those of us with portfolios in the mid-six figures, do the rules change at all on how aggressive you should be with market timing?