When to exit and where to go

[silversam100]

Hi guys,

As the silver bull runs starts to take shape and the time comes whenever that may be to exit and take profits. Where would you shift your capital to? Also, what if we are mid hyper inflation? I guess what Im trying to ask is at what point would you exit and where would you ideally place your wealth??

 

Cheers.

[sixgun]

This run could last for several years. Not really thinking yet about an exit. You might consider how you would exit - how you would sell.

[Fishercat]

    The big question is, I think, is where to shift your capital to if you sell off back to fiat.  🤷‍♂️  Right now, I would only move some silver to gold,  but that will depend on availability, and premiums.  If the premiums go much higher, you may end up loosing playing the GSR.  I have no short term plans to convert back to fiat.

    If there is hyper-inflation looming, and you are in need of a car, or anything that has a big expense, may be a good idea to look into buying now before inflation hits hard.  Fed is already projecting 4%, and we all know that is a low ball.  Purchase liabilities when they are still low.  Salaries always lag way behind big rises in inflation, if any increase at all.  I think the last big items we have on our liability/expense list is maybe a "new" van, and a duel-fuel generator.  The work car is close to end of life as well, so maybe by end of year that as well, if things don't get too crazy.

    I certainly am not comfortable with any more fiat in the bank than I need for emergency (roof, septic, ect..).  I hear advise of holding 10k minimum,  but now that seems low.  More like 20k now a days.

  Real Estate looks to be a ways out from any advantageous pull back, if that happens at all.  However, from what I have been researching, the best way to do RE is to form a LLC, or something similar to separate your personal finances from business to protect yourself, and buy RE using credit under the LLC and rent out, ect... not use your personal capital, but use debt/loans to purchase/rent RE.   But that can also turn into a zero-sum game if not done carefully.

  Anyone have some good ideas?

[Stacktastic]

Buy up a Gun dealership would be a good hedge in the USA.

If its that bad then property will be the next to follow and will probably be at historical lows. i would try and grab some low investments from desperate people wanting to sell (rental property, car parks - what ever really). You might be able to buy it with the metals - someone bought a hotel with one ounce of gold in Germany before the war??

People will also want to part with high value items they dont really need, like speed boats, artwork, rolexes etc. This is especially the case with Hyper inflation as food and safety become more important & people switch to the reptile part of the brain. In you swoop with a solution.

Stock markets will probbaly be a bit of a mess, but you need to know what you're doing. Dividend ETF's covering the world might be a good idea. This will possibly on the exit of dark times, so maybe other companies giants like Microsoft that represent a reasonable bargain at the time (dare I say it Tesla??). I invested in Shell & BP this week as they seemed too good to be true (ie oil stocks are backed up with everyone sat indoors). I was scraping on a positive balance this week, but I am sure it will go a lot soon up & carry on a largely upward trajectory until i retire. 

So My advice would be a lower risk bargain investment that will accrue value or will pay you regularly a wage - ideally both.
Hedge your risk and get a number of the above. I would wait for gold to go back down in price personally, might take a decade maybe more. 
To me its a bit like buying Tesla stocks now, especially if its at the end of a bull run. 

[Cooldaddyfunk286]

I'd be buying fuel cell technology stocks. 

[vand]

I don't "sell".

I make considered decisions about my asset allocation.

 

[StackerCollector]

I'm holding until I can trade in my metals for real estate - a farm actually... something that produces cashflow 🤑

[Stacktastic]

9 minutes ago, StackerCollector said:

I'm holding until I can trade in my metals for real estate - a farm actually... something that produces cashflow 🤑

Yes I really want land, I can see it. A field, woodland and a really nice lake.
Hopefully a stable block I can convert to accommodation or rural trade rental. 
Maybe even a small house we can all move into?

I will keep one unit for my gin distillery  

How would you go about finding that land out of interest? I thought about simply just looking around and asking famers if they would want to sell a piece of land, but I am sure there is a much craftier way (ie finding which farms are filing for bankruptcy). I guess the auction houses would be good, but I would want to get in there way before they consider selling the whole lot. I suppose you can find your required area and then ask on Facebook local or facebook farming groups?

[dicker]

Will look around but Gold and Silver in UK coin form is attractive from a tax perspective

The government will go for easier assets to tax....

Best

Dicker

[GoldandSilverUK]

Agree, UK coins good option for tax reasons in UK, Prob keep stacking more silver while gold/silver ratio is high.

Then convert to gold as ratio drops. Maybe then trade to invest in property/real estate, income producing when the time is right. 

[Blockhead]

I've been thinking about this, too. 

I have credit card debt at 3.9% fixed till early 2022.

If I sold a lot of my silver and/or gold I'd pay the card off. That would save me £100 monthly in card payments (I always pay over my minimum payment). I wouldn't have to worry about trying to find a good balance transfer deal when the offer runs out. 

Trouble is, once I've sold that gold and silver how many years (decades?) before I can buy gold and silver at the sort of prices that I did? ie when silver spot was less than £15 an ounce and gold was under a grand per ounce. 

[Roy]

What has this got to do with silver?

Move on @Rocky2000, it's boring.

[trp]

Please keep posts relevant to the thread  

[HerefordBullyun]

On 15/08/2020 at 13:24, Cooldaddyfunk286 said:

I'd be buying fuel cell technology stocks. 

Uranium mining stocks my friend. That's the future.

[5huggy]

51 minutes ago, HerefordBullyun said:

Uranium mining stocks my friend. That's the future.

 

On 15/08/2020 at 13:24, Cooldaddyfunk286 said:

I'd be buying fuel cell technology stocks. 

Im into BOTH the above! 😉👍

[5huggy]

BUT

Just now, 5huggy said:

 

Im into BOTH the above! 😉👍

I holding a VERY large quantity of PM's and for the "longhaul" - as @sixgun says - it's  Only just got going and time to "savour" and choose exactly way and time of exit!

 

[Silverman1985]

I heard this phrase used for bitcoin but I think it applies to gold/silver also, perhaps better.

‘By silver, hold it, and hope you never need it. It will help you sleep better.’

[ChrisF]

For me, stocks are shares ETF ISA is the way to go.

[Yomas58]

Where would the best place to sell  my silver coins .

[Cooldaddyfunk286]

Gold to keep preserving wealth, land, or rental properties. 👍. I'm only selling @500-1000USD/oz tho 💪😎🤣