I Have A Gold Exit Plan For Some Perhaps....

Thanks GoThunder,

I guess either way has it's advantage and disavantage.

A gold exit strategy, I never thought about it this way but then again I never saw a reason to.

First - EFTs they work for some people but don't for others. In the past EFTs have performed well mirroring the volatility of the asset class. They have even posted good returns with reasonable fees for storage and fund management.

However there are important issues with Gold / Silver EFTS that raise some concern. What is the physical PM's backing your EFT's. If it is a fraction amount of the physical gold /silver what is the difference between fiat dollars? today it is even worse with drastic fractional reserve banking backing your EFT's.

Thus a major collapse of the US dollar has a big unknown effect on your EFT's. Since EFT's do not provide third party independent audits to prove physical ownership of metal there could be major problems leaving you without your capital.

A big problem is the language of the EFT prospectuses extremely problematic. My bet is you will find that the EFT's are baked by the assets of the trust and not the underlying metal. You will also find such words as reasonable care and absolve the custodian of liability for any act of omission.

So be careful and understand 100% about your EFT's but clearly understand they are not the same thing as owning physical assets. It is an investment tool just like your mutual fund is.

Can you make a fast profit in gold & silver. Yes you can but the risk is very high. If your good you can flip and make money but your risk is high for a high reward. So in not so many words, DO YOU FEEL LUCKY?


Everyone has a different reason for buying PM's. There is the turn a fast profit crowd, safe haven crowd, world is going to end as we know it crowd, wealth saver crowd and people like me that have bought each month since 1980 and let it ride.

Personally I don't know what works for you. What I can say it took 30 years of hanging on to every yellow and silver piece of metal for things to work out for me.

What I know is that diversifying between a pension, 410k, property, PM's, Mutual Funds and earning (paycheck) far less than $100-K a year has worked out pretty well for me.

So do I have a exit strategy? Yeah sell when I feel I should diversify some of my PM in order to preserve as much capital as I can. For 20 years I bought a once each month at around $400 dollars give or take. Then is got a little higher but I still keep buying.

So my exit strategy is to keep a balanced and diversified group of investments to make sure I can meet my needs until I get too old to care.

My advice to someone young is save even if it hurts and diversify and keep saving because it will pay off in the end. If your looking for a fast profit make sure you can survive the risk. And last no I am not a fan of EFT's though they may fit what you are personally looking for unless the crap gets knock out of the US dollar.

What are the modern-day risks of owning a safety deposit box? I would think only when you go to or from the bank...

Well I will probably not sell I am also in for the long hall, I just read a very interesting report from an investment news I get. Allot is over my head but what I got is this investment firm feels it is impossible to stop the trashing of the US dollar as the worlds reserve currency said it is happening already. This will make things worse there will be ups and downs but gold will in the long run keep going up to $2500 and then they said the path our government has been on it is impossible now to stop a default in our countries interest payments and allot of other stuff they talked about. To sum it all up things in the next year and beyond will get much worse pushing gold to even more unheard of prices $5000 and up.

Allot of what they said I see happening now all over the world and they claim we are next but hop they are wrong but impossible to stop the chain of events that will unfold in the coming months and two years.

They also said before the stock market will rebound but in the next months will take a HUGE dive unlike anything we have seen yet. (Who knows just their educated guess from the data and events they monitor)

If I feel that the economy is turning around (which I dont think will happen for quite some time) I plan on dumping all my gold and most of my silver and buying up as much rhodium as I can.

I can't see it because interest rates will stay at Zero for 2 years, Obama will make things look good before his re-election, and Bonds rates won't go any where? If anything do happen, maybe after this year.

And everything drops on December 23? 2012. The end of the world.

That would be a good investment I like you already AuAg.

No taxable income?