Active interest, no more eye-rolls
I remember the first time I bought metals, a kilogram of silver and ten grams of gold; I felt like a pirate, only the treasure chest was missing. Of course I didn't have enough to fill a treasure chest but it was a good start and since then things have improved somewhat.
Faith rolled her eyes at my purchase when I showed her and seemed completely disinterested except to ask how much I spent. She saw it as a waste of money believing it would be better in the bank. Since then her interest-level has increased but it took a long time for her to see it as a viable way to hold cash.
She's on board now though and for a few years we have had a savings and purchase strategy specifically for metals which she fully supports; I tend to avoid novelty items in preference for weight, buying the best I can, and getting as much weight as possible for my fiat; That seems prudent to me.
I have a few of these 10 ounce kookaburras...They feel nice in the hand. Chunky.
Faith never mentions metals, or cryptocurrency, on her own accord; She's happy to talk about it if I bring it up though...But last night she took an active interest.
She'd seen the silver price and suggested it might be a good idea to sell some, hold fiat then repurchase silver when the price dropped. A smart strategy of course and I was pleased she was thinking about it, interested enough to chat about it. I'm not that keen to sell anything just now though as tempting as it seems.
If I sold four of my kilogram bars today I'd turn a $2560 return on investment, an additional 65 ounces, almost two kilograms! If the buy-price then dropped to $34AUD/ounce that would be 75 ounces, well over two kilograms. So I'd get my original four kilograms back plus a couple free ones and that sounds liker a good thing to me...If it worked out that way...But if silver went up after I sold and never dropped back? Not so good.
We spoke about it and decided to hold.
I'm reluctant to relinquish any just now, even a portion as above, as I feel that in years to come it will go upwards and deliver a better return on my investment - In fact I contacted my silver guy to find out what he has available for me to buy.
I was pleased that Faith was taking an active interest though, as she is with cryptocurrency now also...It's amazing how a rise in price and the prospect of profit piques interest right? I don't know if I'm making the right decision; Does anyone truly know? I'm happy Faith is actively interested though and together we'll keep working towards our goals...With no more exasperated eye-rolls in sight.
So what about you? Are you holding, buying or selling silver right now? * Design and create your ideal life, don't live it by default - Tomorrow isn't promised.
Be well Discord: galenkp#9209
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