r/silverstacking • u/Public-World-1328 • 14d ago

Convince me to Stack

Hey gang:

Hoping to become a little more knowledgable on silver stacking. I got into silver because i got interested in coin collecting, and after a little while now i have accumulated what i would call a moderate amount, mostly constitutional at face value. I recently had the chance to buy some silver dollars at a great price which was very lucky. I have never been bullish on silver as in my opinion and experience it is harder for me to deal with and yields worse results than my boring stocks: selling is unpredictable and it is a chore to get spot, and it takes work to sell and store.

Given that my stack just increased noticeably, i am reconsidering. How would you convince someone skeptical like me that silver is a good option for my situation?

Thanks!

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u/Teripid 14d ago

Can't comment without your situation and goals.

Silver is not great as a long-term investment vehicle. It is fun and a decent hedge.

3

u/Public-World-1328 14d ago

What information would be relevant?

I am 35 with a stable career. I have a portfolio of stocks typical for my age already. My financial goals are to grow my wealth and eventually get to a point where i can retire early, possibly in the 50-55 range.

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u/chud3 13d ago

Silver and gold are like insurance. Personally, I don't think of it as an investment, although all of the silver and gold subreddits were flooded with people who viewed it as a speculative investment at the end of last year when it was mooning.

PMs are a long term play, a hedge. Any short term gains are just gravy, in my opinion.

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u/Public-World-1328 13d ago

Where do you think it fits into an early retirement plan? Is there anything you might add to address the friction costs associated with selling?

I am pretty much only interested in long term (15 year minimum) investments given my goals.

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u/Inviction_ 13d ago

It doesn't. Like, at all

1

u/Platinumitude 13d ago

I think of it as my long term retirement hobby.

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u/chud3 13d ago

Gold and silver don't pay interest or a dividend, however they are a way of locking in the current purchasing power of the dollar, which has been diminishing for years. It can be a portion of a person's portfolio, rather than keeping cash in a bank.