When you trade out of precious metals
- Thread starter metalzzz
- Start date
Will unload my larger items like 10oz & 20oz silver bars, the 1oz and 1/4oz gold coins and the 5,10 & 20oz silver coins when i liquidate to buy some land later this year or early next year depending on how the market goes.Will keep the 1oz silvers and junk silvers for later use.
I liked reading this i must ba a little weird. I budget my income fairly well and buy bullion with my investment part.
With my luxury money I buy whatever I want ( and some of that includes overpriced collectors silver).
The investment stuff will go when i feel i need that stored wealth to buy whatever I need my wealth to buy me.
The collectors stuff will never be sold, whats the point of collecting something if i did.
For example i bought an overpriced gem stome 1 kg lunar dragon. I think its pretty (however its a mug ugly coin) with my colectors money (only took me 8 months to save for it).
I would not buy that with my investment money, however i would buy 10, 20, 50 or 100 oz at as close to spot as I could.
am i emotionally attached to some of my collection, well yes i get a thrill looking at completed sets and some of these things are very well crafted.
Do i get emotionally attached to my bullion? erm no not really unless you try to steal it.
With my luxury money I buy whatever I want ( and some of that includes overpriced collectors silver).
The investment stuff will go when i feel i need that stored wealth to buy whatever I need my wealth to buy me.
The collectors stuff will never be sold, whats the point of collecting something if i did.
For example i bought an overpriced gem stome 1 kg lunar dragon. I think its pretty (however its a mug ugly coin) with my colectors money (only took me 8 months to save for it).
I would not buy that with my investment money, however i would buy 10, 20, 50 or 100 oz at as close to spot as I could.
am i emotionally attached to some of my collection, well yes i get a thrill looking at completed sets and some of these things are very well crafted.
Do i get emotionally attached to my bullion? erm no not really unless you try to steal it.
I think this thread is a good example for people needing to identify a core stack and a trading one within their holdings and also to purchase accordingly and rationalize.
Spending X amount on an unresearched collectable just because you like the look of it when X amount could buy you twice or even three times the amount in weight of well respected plain old perth mint can often come back to bite you.
Hands up http://forums.silverstackers.com/message-5390.html
Spending X amount on an unresearched collectable just because you like the look of it when X amount could buy you twice or even three times the amount in weight of well respected plain old perth mint can often come back to bite you.
Hands up http://forums.silverstackers.com/message-5390.html
Wormhole said:
Keep whatever does not sell & make lemonade.
Even my brass or copper will rise eventually, Xi-Shi with pearl etc.
Bullion turned numi favourites to keep by choice would likely be a few US gold which were gifts to my dad. I wish they were 1933G Double Eagles but happy they are once considered common WarBonnet $10 Liberty's & some cute & humble silver panda's.
http://coins.about.com/od/famousrarecoinprofiles/p/1933_Gold_Eagle.htm /cough.