Thinking about stacking more silver coins with all this
- •Lurking on here for a while, figured I'd finally jump in.
- •It’s what initially drew me to gold and silver for my retirement savings.
- •My portfolio's sitting around $350k right now, and roughly 15% of that is physical precious metals held in a qualified depository.
Lurking on here for a while, figured I'd finally jump in. With everyone and their grandmother talking recession these days, it's got me seriously considering upping my silver coin game, specifically American Eagles and Canadian Maples. I've already got a decent chunk of my Gold IRA allocation in bullion, mostly those 1oz Eagles and some Krugerrands – pretty happy with how that's panned out over the last few years, especially watching some of the shenanigans in the market.
My background's in steel here in Birmingham, so I've seen firsthand how commodities move and the kind of protection they can offer when the economy gets rocky. It’s what initially drew me to gold and silver for my retirement savings. My portfolio's sitting around $350k right now, and roughly 15% of that is physical precious metals held in a qualified depository. I'm just trying to figure out if adding more silver coins is the right move right now for true recession-proofing, or if I should just stick to pure gold ounces.
I like the idea of silver coins for their smaller denominations and potentially easier liquidity if I ever needed to pull some out, though obviously, that's not the primary goal of holding them in an IRA. But with prices where they are, and the industrial demand for silver, it feels like there's a strong floor. Anyone else feel like silver coins offer a better hedge against inflation/recession right now compared to just buying more gold? Are you guys prioritizing coins or larger bars?
Just trying to make sense of the best plays for preserving wealth and potentially seeing some growth if things really go south. Appreciate any insights from you seasoned stackers.