Too early to sell?

[SilverStorm]

On 09/03/2022 at 15:43, Roy said:

Personally, I think it's too early to sell.

I know folk have a plethora of reasons for listing coins for sale, and none of them are my business, but I think gold has a longer run to go yet.

When you look around at the *prices of everything and the fact your cash is losing its value rapidly, it surely makes sense to preserve your wealth, what little or lot you have.

I like to talk about retirement a lot (it's me age, lad) but you really need to think about it. Sucks to be a poor old man.

Does anyone agree with me? As I said, I understand people sometimes need to cash out, but taking cash profits in this economic climate seems foolish? Keep stacking.

 

* gas is $4 a gal in socal! 😲

 

IMHO, stacking PM is for wealth preservation.  You can't preserve your wealth if you liquidate it.  However, there will come a time to sell your PM for a reason (fund your retirement, medical/health care, investment, etc).  In this type of scenario, sell only what you need to get by.   

[Minimalist]

20 minutes ago, SilverStorm said:

IMHO, stacking PM is for wealth preservation

In 10 years of investing and trading. Metals have always served as wealth preservation. Stocks and others (paper) have never felt like wealth preservation.

Metals is number 1.