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Anyone else holding on to gold to sell after $3000?

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  • RedneckHBRedneckHB Posts: 19,735 ✭✭✭✭✭

    @derryb said:

    @RedneckHB said:

    @derryb said:
    liquidated most of my gold at $3K (continue to hold collector coins) and converted into what was then $30 silver. The math supports this to have been a wise decision thus far.

    Even after taxes?

    Pay them now or pay them later.

    So pay them twice?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Waiting to reach a certain target value, like $3000, before selling or making moves with slabbed coins—whether pre-1933 $10/$20 gold pieces or modern 1 oz commemoratives—is a common and strategic approach among collectors and investors. This "round number" target often feels psychologically significant and aligns with personal financial goals or market timing strategies.

    Many collectors and investors prefer to hold until they hit such milestone values, as it helps them manage incremental gains and avoid rushed decisions. It also allows them to accumulate a more substantial portfolio value that can justify transaction costs and timing considerations. Some may also be monitoring market trends or waiting for an uptick in premiums or overall gold prices before selling.

    If others share the same mindset, they often discuss these target points within numismatic forums or investment groups as a way to benchmark their progress and exchange insights on market timing and valuation. The $3000 mark, in particular, could represent a balanced, meaningful benchmark for your collection size or investment plan.


    https://www.medipakiet.pl/blog/kalkulator-bmi-wzor-wady-i-zalety/

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