getting OLD and sitting on a lot of gold, no time left for a bear/bull cycle back to 2000

[motocat]

We all here know to little about your overall financial situation, to provide any good advice. Are you looking to buy something you need soon? If so, sell to get cash, why not?

Or, if you have a certain percentage of gold vs other assets, and right now you feel to "heavy" with you gold savings --sell some of that paper/digital gold, and re-balance (physical should be last to trade).

It certainly does not need to be all or nothing.

Gold is still rather high in value vs some other precious metals - maybe sell gold to trade for platinum? Or so many other things you may know more about. Who are we to know?

If you plan to pass on your wealth to children or grandchildren, I keeping physical gold is one of the best ways to pass on wealth -- do not sell in that case.

One should not be afraid to sell gold, that is for sure. That seems to be problem with some of us here. Just remember, you can do it in a measured way -- no reason to sell all, especially if you have no plans what to do with that wealth - -stacking large amounts of digital or paper cash for long would be a mistake IMO. Also remember, come people like to be paid in gold -- so, for example, if you have a contractor who is going to build your dream home, you can offer to pay at least part of the fees in physical gold. I have myself received Maples for my engineering and architectural services, I give 10% discounts for real money and never take "debt" cards.

[motocat]

When the god of silver, alias dios de la plata has not a higky profitable alternative for his pretended thousands of Toz,, his words stink !!!

Probably one of those paid gov . shills. Let him sell his gold and bathe in FRNs. All governments are in deep debt and he wants to throw gold out of his nest? Bullsh*t !!!

You can look up his past threads, and he looks legit -- though back in 2013, he gave up on silver, and went into gold. Looks like he was another one of the casualties who got carried away by the preaching of all the chicken littles on silver back then, so, like Ryanfer (look at soap box), to this day may have a grudge against Precious metals. Then, after 2013, he disappeared for 10 years, and back here he is. Others once prominent on this forum strangely pop in for a post, and then disappear again.

Given the amounts he mentions in his posts from a decade ago, he does seem to have a number of Gold maples (traded monster boxes of silver for them) though he's probably exaggerating a bit to emphasize hit point. However the amount some other poster here estimated, really is not that great, would allow you to only buy an average home where I live. I do know people with considerably more than 2 million, and they will make decisions based on things you would never believe (like the direction of a cat tail) -- so it's not entirely impossible he really is here to get some input from us, to at see what we can come up with to make him think, why not?

[LongDonSilver]

I'm in my later years, closer to 80 than 70, and wonder why you are worried about a good investment you made over your lifetime. There's family, friends and charity to share the wealth with before you die. If none of those things interest you, then there's scholarships at a former school perhaps? If nothing is of interest then spend the damn stuff and go out broke. One thing for sure is that you can't take it with you. The closest to that is build a big mausoleum to park your casket in. Doesn't accomplish much just sitting around acting like Scrooge McDuck.

[Atlas Shrugged]

I'm in my later years, closer to 80 than 70, and wonder why you are worried about a good investment you made over your lifetime. There's family, friends and charity to share the wealth with before you die. If none of those things interest you, then there's scholarships at a former school perhaps? If nothing is of interest then spend the damn stuff and go out broke. One thing for sure is that you can't take it with you. The closest to that is build a big mausoleum to park your casket in. Doesn't accomplish much just sitting around acting like Scrooge McDuck.

Amen, amen and amen.

[Miteysquirrel]

Theres an old saying it goers something like...

Money is like manure...when its all in a big pile it smells like shyt...but spread it around and it does a lot of good.

[Ag guy]

We're in such a habit of "MAKING IT" in life, that as we get old, some of us can't break the habit. When I get frustrated with investments and they begin to take away my peace, my wife will remind me that it's already a done deal. " RELAX HONEY"." you've already made it in life, go fishing or something! "

Ag guy

[maxwellsilverhammer]

[QUOTE=Ag guy;2796635]We're in such a habit of "MAKING IT" in life, that as we get old, some of us can't break the habit. When I get frustrated with investments and they begin to take away my peace, my wife will remind me that it's already a done deal. " RELAX HONEY"." you've already made it in life, go fishing or something! "

Ag guy[/Q


it sounds like you have a good and sensible partner there in your wife.

[bronkster1967]

God, I have such immense respect for the regular posters here! I know that none of you are asking for any sort of kind or supportive words from me, because who the hell am I? I'm just another guy on the damn internet. But I just want to say that I believe in what you guys & ladies say, I respect your knowledge and opinions and viewpoints, and how you respond to certain posts (even if I may sometimes disagree slightly with them). Most times I could not say it better myself and/or it's often said succinctly enough that to comment/respond would either be perceived as overkill or "ganging up" on someone, so I often refrain from comment. I've recently suffered some significantly catastrophic losses (personally), but I'm still here, as they say, and PM's are one of the main reasons why.

[digbird]

God, I have such immense respect for the regular posters here! I know that none of you are asking for any sort of kind or supportive words from me, because who the hell am I? I'm just another guy on the damn internet. But I just want to say that I believe in what you guys & ladies say, I respect your knowledge and opinions and viewpoints, and how you respond to certain posts (even if I may sometimes disagree slightly with them). Most times I could not say it better myself and/or it's often said succinctly enough that to comment/respond would either be perceived as overkill or "ganging up" on someone, so I often refrain from comment. I've recently suffered some significantly catastrophic losses (personally), but I'm still here, as they say, and PM's are one of the main reasons why.

You are a good friend upon these pages Bronkster, respected with sound mind and a reasonable thinker. What ever happened, stay positive. Your common sense will see you through any down turns in life. Cheers.

[DBCooper]

We're in such a habit of "MAKING IT" in life, that as we get old, some of us can't break the habit. When I get frustrated with investments and they begin to take away my peace, my wife will remind me that it's already a done deal. " RELAX HONEY"." you've already made it in life, go fishing or something! "

Ag guy

Yeah, this sounds like folks that get so institutionalized in their 9-to-5 that when they get out (retire) they are lost and even die shortly after. That doesn't sound healthy at all. I would quit this very second if I could, never look back.

If the OP has excess wealth the key word on that sentence is "excess" as in not needed to support his current needs. I would focus more on making sure in the event of his untimely passing that it goes where it needs to go, either heirs or bequeathed to a good cause. Beyond that if you need money sell some, if you don't leave it alone.