I hate that I am even writing this post, but I’m in a situation where my cash reserves are pretty much depleted and the bills are still coming in. We did take a pretty big stretch to build a new house and while it’s technically finished and very live-able there is still a lot of things that need to get sorted out, like retaining walls, landscaping and finishing touches on the internals like bathroom mirrors and curtains. Living expenses are going up pretty fast here too in Australia (like most places) and our sedan has broken down this week so I’m looking to raise some cash. For anyone at SGS who knows me, they know my stack is the last thing I want to be selling....but apart from HIVE my crypto holdings are already pretty devastated so the question I am asking is – What to Sell First?
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Big picture I am more of a Gold guy than a Silver guy. I like that the value to weight ratio is so much higher, it means that if I am sending metal through the post or courier there is less expense to get it where it needs to go and there is less storage space needed for Gold. When you’re paying for secure storage the space issue is real so while I would probably prefer to be dropping Silver from the stack, it’s probably going to be Gold because it's more convenient to move.
This is more a question of premiums. I’ve got some blobs, bars, certicards, generic rounds and coins that I consider to be pretty much purely commodity. The value in these things is really only from the metal itself. I had always planned to sell at the peak of financial crisis where these things will be pretty easy to move at good prices and numismatic premiums are weak. The Semi-Numismatics I have like the Perth Mint Lunar Series can command a decent premium even when the market is lukewarm like it is now. So if I’m selling early and have the time to fish for a decent price then maybe these are the better option to let go.
What do the Stackers of SGS think? We all hate to talk about selling the stack but sometimes life gets real and there isn’t a lot of choice in the matter. What do people sell and what do they keep when cashflow gets a bit tight?
Sorry to hear bro…
I am loathe to sell metals — Fack! — but still have to sometimes. A while back I had to hit the stack, so I went through and put all my important collectibles, and gifts, aside. The rest pretty much I sold. Since then I have concentrated on not paying any primos for anything, and so I have re-built some Maples and some generic. That’ll be next to go if necessary.
What I’m saying is that I think it’s classy to comb through the stack and make some of the dogs work for yaz. Going fwd you can restack whatever you want.
🤩👍👍
That's how we do! For sure when it comes to rebuilding I'll be going for metal above all. Low premium generic rounds and bars are definitely the go now that I know a bit more about what I'm doing.
Time is always worth money... What a person sells first, depends on how fast the Bills are coming in... Here in the United States, I would personally sell my Gold first, my Silver second and try to hold onto my Common U.S. Coinage for last...
I don't have any US coinage, but I am curious about what you think will happen OUTSIDE the US in your version of the currency reset.
I figure we will be removing and replacing all (Physical) Fiat USD's at a 100 to 1 Exchange Rate... Our U.S. Silver and Gold Coins will be one of the Payment Options... Physical Fiat USD's will be the Safest Fiat Currency to be holding at the time of the Announcements... Gold will go the Moon and Silver will head past Mars...
I'm a rookie, but myself I'd first sell gold items that would fetch the most premium, like specific sought after gov mint coins first, to take advantage of the current existence of that premium potential. My two pennies :)
That's kind of how I am currently thinking. Thanks.
Last year one of my daughters got married.
I of course got the bill and had to sell some of the stack to cover the expenses, as my business fell to hell, COVID and all the lock downs tore me a new one.
So what did I sell, the gold or the silver?
Gold.
Between the Krugerrand and the American Eagles, I choose the Krugerrands only because the Eagles are in fact legal money in the US whereas the krugerrands are strictly the gold.
I hope that is a helpful insight.
Tomorrow shall be a better day, unfortunately tomorrow is always a day away.
Stay strong my friend, we shall see these days pass.
Thanks @handofzara it is always good to know that the stack is there to help if needed. To my wife I call it our "life boat" so I hate to eat into it for a simple cashflow problem because I want it there for the really tough times. C'est La Vie!
yeah, id go for gold too due to being much easier to sell! Fortunately, i am not yet in a position i need to sell anything, i am a holder to a sick degree XD
I would sell my 100-ounce bars and some gold bullion, that day has not come yet but it could happen. I was hoping to pay the house off when they go up from here.
Some 100-ounce gold bars sure would be nice! ;)
I too must sell some stack in a few years. Now I would sell some gold. However the risks of crypto holdings are much much higher so .....
Crypto is definitely riskier, but it seems closer to the bottom and I've already sold a lot of it. I try to keep a balance between asset classes if I can.
I'm in the Process paying off a debt and of slowly rebuilding my Emergency Cash reserve which I have borrowed from it before when I can return the funds within two months. Baring that, I would consider some my Gold Stack next in line since it is at near it's highs, liquidity, most of which I had acquired when the price was far lower.
Yes, it is my Emergency Cash reserve that I am eating into at the moment. I'm still hoping it doesn't come to it, but on current course it's going to eat into my stack.
Sorry to hear you are having a hard time of it. I am new to the stacking game so can't give you any advice worth more than two shits and a shake of a wang.
I am ok. It's more of a cashflow issue at the moment but I need to fix it soon or it will become a real problem.
I am in such a situation, I do have some gold, which is in the possession of my wife in the form of jewllary, I have some cash, and I also have some crypto assets, At first I am utilizing cash, on the second, I have in my mind to sell the least important crypto holdings and if needed, I will go to sell the gold.
That is tough, sorry to hear things are tight. I've been there when I started up a business some 15 years ago. I did sell part of my stack and I started with the commodity silver, bars or rounds I really had no emotional attachment too. I hate selling gold, fortunately it never got that tight. but the silver I did sell got me through a tough time. I was grateful that I had a stack to fall back on when things were really tough!
It's not so much emotional attachment to the specific metals but I don't want to be in a forced selling situation when I'm not happy with the timing. Pragmatism must win out in the end. Glad to hear your stack served you well when you needed it.
Damn that really sucks but at the end of the day this is what this stacking is all about I just hope that you bought in at a lower spot, I would just go with the generic stuff and the cheapest premium stuff you have
Yes, no problem with the buy prices. I started in about 2015 and gold is near a record high in Australian Dollars. Still, I think it goes higher.....
I know this is probably an off the wall concept, but what if you got a loan? Rates are up right now, but if the interest rate on that is less than what you think your return on your investments might be, it could be the smarter play.
Yes, I have considered it. Though I could only offer up the house as collateral (which I am loathe to do) and my income streams are not steady enough for stuffy bankers. I could probably get a credit cards but the interest on those things is criminal so that would only be good for short term at best.
Ah, okay. I've never had to put up collateral for a loan, but I am guessing that is because they have all been relatively small or because my credit score is decent. It could just be a US thing too.
I’d sell off the semi numismatic Perth Mint stuff first. You’ll get the most money for it.
You talk good sense man and I think you've confirmed it for me.
I’ve learned from past experience that when gold and silver spike really high there is no difference in premiums selling. So while there is get it while it’s hot.
Very wise. Thanks brother.
Anytime. Always willing to help a brother out.
🤔😓😉 yea, when it rains, it pores.. inflation is just a killer!
I never thought of gold/silver in terms of price/weight, but yea.. that makes sense.
I say sell the gold. like u said, it's easier to deal with. plus, I think the silver will increase in value more in the long run. I consider gold as more hedge..
First… Only Fans feet pics. 😉
Second… Gold. Less effort to get more money! Cause unless you have some silver your bought for cheap that is suddenly super collectible, you would have to unload so much silver to make any useful amount of cash.
Yeh, I'd have to move a lot of weight if I was choosing to offload the silver.
Sorry to hear you are in a tough position.
While I feel your pain and I'd hate to sell as well, it's worth remembering that ultimately that is why we stack both silver/gold and crypto: to give us money. While generally we are thinking more of a retirement nest egg, if you need it now, use it.
I'd probably lean towards selling gold first, just because it's easier to move, as you say.
Thanks @dbooster that's good advice.
You have done this rightly, at this time the conditions of the countries of the whole world are not going well and it has become very expensive within each country, it has become very difficult for the people of Pakistan to live. The same people who have been hoarding gold for the last three years have benefited this time as its price has more than doubled here in Pakistan. And the coming period will also tell us that we will see an increase in its price because its demand is getting very high and the price of silver will also go up very much. If I had the money at the time, I would have preferred to buy silver as it could pump a lot in the near future.
Pakistan seems to be going through difficult times at the moment so it is very wise to be stacking silver and gold there if people can afford to. The cost of living increases are hurting all people around the world at the moment.
People here are still trying to get our money's worth as we have experienced over the past few years If the money was in gold and silver, people would have made a lot of profit.
Right. I also agree. Inflation rate are higher in every country. Living expenses are too much great.
Tough question. I can relate to your dilemma as we sit at the bottom of the bear market and cash dries up. I don't have an answer. Just do the needful.
Hmm
I believe that Gold has more potential than silver and its price will do better that silvers. It is quite advisable to keep your Gold and sell silver first...
What do you think?
Gold is a pretty much of a good idea to sell first before any other choice.
When I sell I usually sell my generic silver rounds. I always keep the the little gold I have.
!PIZZA
The following advice is based on me being a numismatic coin collector first, who likes interesting coins and interesting silver coins and rounds. Once upon a time, I had to make difficult choices and chose to prioritize my life preferences over my stack preferences. So, I sold some stack items to fund life decisions. ... It was difficult, but ... the stack was available ... and ... the choices made life overall better.
I would hold the gold and sell silver first.
Of the silver, I would hold the silver that are interesting / unique / semi / numismatic. These coins were acquired with a premium and I will likely not get that premium back when I sell, and definitely not if I show up selling a lot.
Of the silver, I would sell generic bars and generic rounds, which had the lowest premiums when purchased. At this point, there may be a profit on selling these bars and rounds.
Of the silver bars and rounds, I would sell the largest items first. The 10 ounce or larger would sell first as these were likely very generic.
Fortunately for me, in Midwest USA, I have shops where I have purchased for years and these places were fair when selling. I did not have to consider shipping rates.
Very interesting. Thanks for sharing @goldkey
In Australia we have a few jewelry places that will buy metal at a sharp discount but that's about it. Really hard to sell to established business and not get gouged so I would use secondary market and try to sell to other stackers.
Really appreciate your input and advice.
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