Exit Strategy

[Jislizard]

Anyone have an exit strategy?

I don't want to just convert it all into fiat currency and put it in the bank, and I don't want to watch the price go back down and wory about all the money I left on the table.

Back in 2014 My SMSF swapped 4oz of gold at a GSR of 60, another 4oz at 65, again at 70 and the last 4oz at 75. Then I watched the GSR go up to 100+ and kicked myself that I was all out of gold.

This time I am going to swap back, but in five increments at 45, 40, 35, 30 and if we get to 25 I will still have some left to swap. If we don't get to 25, I will still have some silver left.

I asked AI to go over the numbers and it looks like I will probably end up paying $19k in Capital gains tax (about 3oz of gold) but if I make the change all the way down to GSR of 25 then I will end up with around 29 oz Gold. So going from 16oz to 29oz in just over 10 years. Hopefully gold will continue to be the more stable metal and not drop too much.

I haven't got enough to convert it into real estate, I am not keen on stocks, shares or crypto, though I do have some exposure to all.

Not sure what other options there are, other than just sit on it and cash out on retirement.

 

[Anortimaus]

Good question

 

[Yef]

Not sure i will ever fully exit pm's but stacked for years with my dad with a plan to sell a % to cover all capital invested once it reached over $100oz effectively leaving me with a free stack and all capital back. Most long term stackers probably wont ever sell and pass it on to kids etc but we had a plan and stuck to and while its easy to look at the rise since i sold as lost profit i do not regret now having a free stack and some fiat to put into other pm's/holiday/new toys/etc.
Having a plan is important whether its to solely build wealth for your kids or build a house or whatever your reasons are and i am ever so grateful my father pushed me in the stacking direction as over the years i got to be a child again when i got that new shiny, met some great people and had a hobby that made me money instead of pissing it away.

I cant speak for every stacker but exiting silver has never even occurred to me, i need a reason to check some chart 47 times a day. Perhaps one day i will sell my remaining stack but at least i have it for when a new opportunity presents itself or that rainy day comes.

 

[JohnnyBravo300]

Ill start converting silver into gold at around 40:1 and ill just keep on stacking haha.
My exit is 10 or 12 years away still.

 

[Jislizard]

I was thinking of selling half my stack when it hit $50 as that would have paid off all my initial investment and anything that happened after that could only be profit. But I never got around to it. Procrastination saves the day again.

Not sure i will ever fully exit pm's but stacked for years with my dad with a plan to sell a % to cover all capital invested once it reached over $100oz effectively leaving me with a free stack and all capital back...