I've got a Saint Gaudens $20 gold piece that's my ticket onto the "Escape Armageddon" space shuttle... otherwise, it's a balance of whether it makes financial sense to retain a position or not. I can't envisage a time though when I would not hold *any* gold.
yup as GP states "I can't envisage a time though when I would not hold *any* gold." As every portfolio should have some gold as a hedge
The question you need to ask yourself is at what point of your life will you not have a use or need for money? Gold is money, hence gold is for life.
^ what they said I think i like having some too much to ever be rid of it completely. Maybe keep a few favourite pieces when the money is needed for other options
Thanks for the responses so far. Let me rephrase the question a little bit. If you have x amount of gold right now, do you see a time where it will be x-n or will it be always x+n forever.
It's just a currency (not money). Why would you want to hold it if you believed it was ridiculously overvalued? Buy low, sell high.
Its a metal, its a means to an end. I am not going to die with a bunch of ugly blobs of metal of which i never got to appreciate their value. Thats why 90% of the time i buy ugly gold. Its cheap and i wont be sorry to see it go. Try selling your shiny fancy pamp or dragons without an emotional attachment
I'll always hold some gold. Preferably more than now I actually regret buying too much ugly gold :| I shoulda gotten more PAMPs and coins so that it feels good holding forever. I'm working on changing that
PAMP 1oz Gold is overrated. Held some for a while then was like meh, I'd rather have phils or other coins.
Plan is never to sell (unless im totally desperate), keep to hand down like you would property. Don't have property yet but hoping to in next few years if they come down enough
will i ever exit out from gold..............NO....i will happily use it when i need to .............but ultimatley.....NO....not exit
Only time I'll never have any gold is if I need to sell/trade it so my family and I can live, at the end of the day thats what my gold is for -insurance.
Look at it this way Ouch. If you 'get out of gold' - what are you going to get into? Fiat? Once you've taken the red pill and go down the rabbit hole mate, is there ever a reason you'd honestly want to consider to go back?
I'm taking every ounce of gold and silver that I own to the grave with me, I'll never sell ...seriously though, I'll always own 1 ounce of gold, I'm happy to sell the rest if the purchasing power of it is right.
I hold for insurance and potential purchasing power. If I don't need to use it, I won't. Holding for my family.
