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?
Gold vs Silver
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.
Commodity vs Semi-Numismatic
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?