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Pittsburg, Kansas | Good explanation.
When we retired and converted our rolling stock and miscellaneous to cash after paying off debts we put it all in gold and silver. Along with our other lifetime non farm investments that put our approximate net worth half in farm land and half in mostly gold/silver. I considered us to be invested in farm land for income and the rest mostly as cash, with the silver portion being a little more speculative.
When the metals went on a tear we sold about a fourth of the gold and silver and put into CDs.
We have enough in CD's now to travel and do anything we want for at least a half dozen years. If we don't get too crazy probably ten years. Our annual farm land income more than covers our normal living needs. Still have way more dollars in gold and silver than we started with but of course that could always change. If the gold and silver goes to zero we still have enough in CD's to almost have what we started with at retirement five or six years ago.
Sometimes being lucky is better than being good. Been buying gold and silver for many years. Finally sold some on the run up.
I'm not saying in any way anyone should do as I do. But it has worked for us. When we sold out and invested in the gold and silver that portion was under water for about three years and didn't look so good. But I am a pretty patient investor. I try not to buy anything I am not willing to keep for at least ten years. Although I guess that is not completely true. I just did a bunch of CDs for only 90 days. I have almost zero experience as a fixed income investor. It is new territory for me.
In case someone gets the idea to knock me in the head and steal our gold and silver, they would need to go to Canada. It is almost all in Sprott funds. CEF, PSLV and PHYS.
Edited by John Burns 4/26/2026 23:34
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Buying Gold was this a good investment 45 years ago
