What's everyone's exit strategy for PM's? There will be a time where PM's are "overvalued". The problem is, I don't want to trade my metals for a dying Currency unless I really need it.
I got into stacking for protection - protection from this exact environment we're in now. But eventually such insurances won't be as necessary as they are now. Preserving wealth through our shift to the new monetary paradigm is the ultimate goal for me and using that wealth to invest in other assets (like a house or land) is what I seek to do. The preservation of wealth is what presents the opportunity in the long-term and is a the main reason why I got into PM's. That doesn't mean I can't take advantage of investment opportunity PM's present along the way.
My exit strategy is dependant on opportunity. 20% of my silver stack I will keep for my retirement. Of that 20%, I wish to swap for gold if the ratio drops down to 10:1 or below.
10% is going to the kids when they turn 21, or once I feel they're ready to make the most of it. Depending on what happens between now and then, I may use it to buy other assets on their behalf.
The remaining 70% of my Silver stack is intended to be a liquid store of tangible wealth, never to be viewed as in investment in $$ terms, but as an investment in an income producing asset, or an asset that adds true value to my family's life.
I don't wish to sell any of my Gold unless it's necessary. I intend to pass my Gold to my kids when I die. It will otherwise serve it's purpose as insurance/protection up until that point. That makes sense to me.
Seperate to my stack is my premium collectors "stack". I don't buy collector pieces for investment at all. I'm only really interested in collector pieces that serve (or will serve) as a historical record - hence the reason I like Silver Shield. Having them made of silver or gold just adds to their significance. The artwork in the coins/rounds tells a story, and the metal their made of tells another story, and both are linked to stage of perception and understanding throughout most of my adult life to date. I cherish them like I do with memories of my past, and they're not something I view as "Up For Sale".
I'm keen to hear everyone's thoughts on this. We all stack and collect for various reasons and some stackers/collectors only see it as a financial investment. What's your price? And do you ever see yourself getting out of PM's entirely?
I got into stacking for protection - protection from this exact environment we're in now. But eventually such insurances won't be as necessary as they are now. Preserving wealth through our shift to the new monetary paradigm is the ultimate goal for me and using that wealth to invest in other assets (like a house or land) is what I seek to do. The preservation of wealth is what presents the opportunity in the long-term and is a the main reason why I got into PM's. That doesn't mean I can't take advantage of investment opportunity PM's present along the way.
My exit strategy is dependant on opportunity. 20% of my silver stack I will keep for my retirement. Of that 20%, I wish to swap for gold if the ratio drops down to 10:1 or below.
10% is going to the kids when they turn 21, or once I feel they're ready to make the most of it. Depending on what happens between now and then, I may use it to buy other assets on their behalf.
The remaining 70% of my Silver stack is intended to be a liquid store of tangible wealth, never to be viewed as in investment in $$ terms, but as an investment in an income producing asset, or an asset that adds true value to my family's life.
I don't wish to sell any of my Gold unless it's necessary. I intend to pass my Gold to my kids when I die. It will otherwise serve it's purpose as insurance/protection up until that point. That makes sense to me.
Seperate to my stack is my premium collectors "stack". I don't buy collector pieces for investment at all. I'm only really interested in collector pieces that serve (or will serve) as a historical record - hence the reason I like Silver Shield. Having them made of silver or gold just adds to their significance. The artwork in the coins/rounds tells a story, and the metal their made of tells another story, and both are linked to stage of perception and understanding throughout most of my adult life to date. I cherish them like I do with memories of my past, and they're not something I view as "Up For Sale".
I'm keen to hear everyone's thoughts on this. We all stack and collect for various reasons and some stackers/collectors only see it as a financial investment. What's your price? And do you ever see yourself getting out of PM's entirely?
