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At What Point Do You....
OperationButter
Posts: 1,672 ✭✭✭
Stop stacking one metal in favor of another. Specifically Silver in favor of Gold/Platinum.
Just for fun, Im curious on the answers. By the sound of it, some of you stack quite a bit while others dont. Storing, accessibility, maneuverability (in emergency etc) are among the issues I see many have commented on in various places.
Feel free to share and entertain me at work
Just for fun, Im curious on the answers. By the sound of it, some of you stack quite a bit while others dont. Storing, accessibility, maneuverability (in emergency etc) are among the issues I see many have commented on in various places.
Feel free to share and entertain me at work
Gold is for savings. Fiat is for transactions.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
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Knowledge is the enemy of fear
When I think that I need to rebalance a bit, I just lean in the direction of that metal the next time I decide to buy.
I don't feel compelled to sell one in order to buy another. I don't like transaction costs or tax liabilities unless there is a darned good reason to incur them.
The two factors that might change my approach are: 1) my take on where things are headed, and 2) when I decide that I am no longer in accumulation mode. Those two factors may be somewhat related, but not necessarily.
I knew it would happen.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
<< <i>When the gold/silver ratio gets out of whack. In April 2011 I swapped silver for gold when the ratio got down to 30, which was 50% below the 30 year average. In other words, silver was grossly overvalued compared to gold, which proved itself over the next year. >>
Did this a little last year as well.
As far as straight stacking, I try to switch it up when opportunity is there. If my guy has something close to melt in gold that is in my budget that is folded in my pocket at the time, well it's on.
I am following DrBuster's methodology, however, Im not cool enough to have a "guy" that I go to
Thanks for sharing, would love to hear more members thoughts
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole