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Pittsburg, Kansas | Yes and no. That is conventional wisdom and makes some trading sense.
I'm not sure from an investment standpoint (as opposed to trading) it does. And I consider my accounts investment accounts rather than trading. Although an outsider many would consider it highly speculative based on my holdings.
From an investment standpoint, it only makes sense to sell when a person finds a more compelling investment elsewhere.
All I ever considered gold and silver was as cash, with a bit o speculative fervor in silver. My greatest hope was for them to keep up with inflation. They have been kind of poor at that until the last couple years where they have caught up and arguably exceeded.
When we retired several years ago we sold out all our rolling stock and machinery. Paid a lot of income tax, paid off all debts and had a couple corporate piles of cash. It essentially went into CEF and PSLV. Already had significant exposure in a personal account from years of cost averaging purchases. I just considered it cash with a hedge against potential inflation. Not speculation. At that particular point in time my estimated net worth was half in farm land (a productive asset) and the other half in cash (gold and silver backed paper I considered cash). At 65 then I figured half productive assets and half cash wasn't a bad place to be in retirement.
But with the rapid advancement of my cash position, I'm having to start to think about balancing. I've got a farm right next to me I could buy and pay cash. But holy cow, any way I figured it would be lucky to have 1 or 2 percent income.
So I just been buying CDs at 3.8 or a little more.
I didn't have to think when gold and silver were cheap. Just hang on to cash. Now I'm having to think again. Time to go scuba diving. Makes my head hurt.
I know. Terrible problems to have*****.
Edited by John Burns 12/18/2025 09:41
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Silver chart help