Why I decided to add silver to my stack, finally
- •Okay, so I've been pretty vocal on here about gold being the cornerstone of my IRA.
- •For years, my entire precious metals allocation has been 100% gold, mostly 1oz American Gold Eagles and Canadian Maples.
- •I always figured, if you're going to hold physical, go with the best store of value and the most liquid.
Okay, so I've been pretty vocal on here about gold being the cornerstone of my IRA. For years, my entire precious metals allocation has been 100% gold, mostly 1oz American Gold Eagles and Canadian Maples. I always figured, if you're going to hold physical, go with the best store of value and the most liquid. Pretty straightforward thinking for a former bank manager like myself, right?
But lately, I've been feeling a shift. My gold allocation is sitting around $380k right now, and while I love it, the thought of diversifying within the metals space just kept nagging at me. Especially when I'm seeing everything going on in the world. I'm based in Portland, and let's just say, things feel a little... unpredictable out here sometimes. That feeling really solidified my decision.
So, last month, I finally pulled the trigger. I added about $35k worth of silver to my IRA. Went with a mix of 1oz Silver Eagles and a few 10oz bars. My reasoning was multifaceted: lower price point offers more transactional flexibility if things ever get really wild, silver has industrial demand in a way gold doesn't (though I'm still weighing how much I actually value that), and pure portfolio diversification. It felt good to expand beyond just gold, even though I'm still a gold bug at heart.
Has anyone else here made a similar move from a predominantly gold position into silver? What were your triggers? And for those who are purely silver, any thoughts on my decision to keep gold as the vast majority of my holdings? Curious to hear everyone's perspectives on balancing these two metals in a long-term retirement strategy.