Thinking about stacking more silver for the looming nasty
- •I know a lot of you here are probably feeling the same way.
- •I've been pretty heavy into gold for a while now, especially after I cashed out my tech startup a few years back.
- •My accountant in Dublin, bless his soul, is always telling me not to panic, but my gut is telling me this one could be a real doozy.
I swear, every time I open a news app, it's another headline screaming "recession imminent." It's giving me serious flashbacks to '08, and honestly, the anxiety is starting to bubble up again. I know a lot of you here are probably feeling the same way. I've been pretty heavy into gold for a while now, especially after I cashed out my tech startup a few years back. The bulk of my 2.5m portfolio is in precious metals, mostly gold, which has been great, but I'm thinking about diversifying a bit more into physical silver.
My accountant in Dublin, bless his soul, is always telling me not to panic, but my gut is telling me this one could be a real doozy. The inflation numbers are keeping me up at night. I mean, my grocery bill has practically doubled this year! I've been looking at some of the industrial demand for silver and it seems pretty robust, even in a downturn. Plus, the price point for silver feels like a more accessible entry for adding significant bulk to the stack, especially if things go sideways and a lot of folks start looking for tangible assets outside the banking system.
I’m seriously considering putting another ~200k into silver this quarter, split between some American Silver Eagles and maybe a few 100oz bars. I’m wondering, for those of you who’ve weathered a few of these economic storms, what’s your strategy right now? Are you heavy into silver, or are you sticking with gold? Any specific types of silver products you prefer for long-term recession-proofing? I've been doing a lot of reading on our company's Learning Center at https://learn.goldirablueprint.com/?forum which has been super helpful for understanding the historical performance, but I want to hear personal experiences.
Also, any thoughts on whether to buy now or wait for a potential dip? It feels like we're perpetually on the edge of "the dip" these days. I’m just trying to make sure I’m as insulated as possible from whatever economic chaos is coming. Let me know what you guys are doing.