Financial experts recommend selling precious metals like silver and gold when you want to, not when you need to, because selling when you need to indicates you're unprepared for emergencies and lack financial flexibility; instead, investors should maintain multiple asset options (stocks, crypto, real estate, cash) to create diversification and avoid being forced into unfavorable selling situations, treating precious metals as stepping stones rather than end goals.
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DON'T SELL SILVER WHEN YOU NEED TOAdded:
Guys, what is up? It's Kinesis Kid. The idea of selling silver and gold uh I've been hearing multiple people in the community saying that, you know, your silver and gold you should only sell it when you need to sell it.
And that to me is completely wrong.
Yeah, I think you should sell it when you want to sell it.
Um if you need to sell it, that means you don't have your ducks in a row and you're not ready for um you know situations to come up. You're not ready for problems to happen that you need to have cash to uh face it with.
Um The idea is is to protect your stack and protect your stack with other assets cash on hand whatever it may be.
Sell your stack when you want to sell it not when you need to sell it.
If you have very, very minimal you know, dollars in your ounces of silver and you can make a 500% gain and you think it's time to sell, that's the time to do it. If that's what you want to do.
Having emergencies come up is a real thing and it's going to happen.
You got to be ready for it.
You can't put all of your eggs in one basket as far as your silver and gold goes. You can't have it all in this and then be like um you know, your attachment to it is so high and then you have to sell it.
You know, you should be able to make that decision when you want to sell it.
And that is why I think, you know, having multiple options is the best thing to do. Multiple options.
Options are something that, you know, some people get into as far as some people don't like crypto, some people don't like stocks, some people don't like, you know, um, buying other assets that are worth money.
But the bottom line is, you know, what's going to save your butt? What's going to save your butt? Silver and gold can.
But if you don't want to sell it, or if you're a never seller, we have a lot of never sellers out there, um, then what? Then what are you doing?
Stacking extra cash? I hope so.
I hope so. So, the idea of sell and silver when you want to sell it.
If it goes up and you can make a profit and you can turn that into something else.
Going back to talking about having other assets, right? If you want to turn it into, um, something as far as uh, stock market goes. You know, put $5,000 in the S&P 500, put some in the Dow Jones. Um, if you want to buy crypto, if you want to buy some land, if you want to buy, you know, even, you know, something as small as a vacant city lot, you know, it could be beneficial to you.
And it's an asset.
So, having the mindset of turning your profits into something else.
You know, having that flow, it creates options for you. It really does. It creates many, many options. A lot of people think that silver and gold are the end game.
Now, as far as metals go, sure, gold is the end game, you know, for me, as far as metals go. But this isn't the end game at all. This isn't even close. You know, I've got so many other things that I look for.
Um, silver and gold help me as a as a stepping stone to get there for other assets.
Now, don't get me wrong because I have, you know, silver and gold that I will always hold. That That's going to be for my retirement down the road and, uh you know, whenever I'm I'm 65, I'll be cashing that in and and doing something else, you know, and uh and enjoying it a little bit. But, that's not what I'm talking about. I'm talking about, you know, making things flow, making things work for you.
If all you have is silver, that's all you have, and nothing else, um you're going to you know, find yourself in a in a situation or predicament where you're going to have to sell that silver.
You're going to have to sell that silver.
You're going to need to sell that silver.
And uh and then you're right back into nothing. You're right back into nothing.
Um especially say, you know, like right now, silver spiked up quite a bit.
And there's nothing wrong with with never selling your metals by any means, as long as you have something else to fall back on.
You know, have cash for emergencies.
But, you don't want to have a bunch of cash in the bank, right? Because everyone's like, you know, cash it loses its its value. And there you go, you have to have it in something else.
Um and the idea of having everything in silver and gold, um I like to I think this this is a good tool. It is, just like anything else. This is a tool.
Um you know, you don't want to uh get yourself in a bad situation where you need to sell.
And then like I said, you're right back in a bad predicament.
And it's not good for you.
If you do sell, you know, I'm not saying sell everything you got. I'm saying, you know, if you sell 100 oz, you know, or 200 oz, or 50 oz, whatever it is, you know, whatever you guys want to. Not saying sell everything.
You you take that cut off the top, and the money you put into it, you know, you're still ahead. You're you're still looking good because of your initial investment money put into it.
So, there's a lot of things you can do with it. There's a lot of smart moves you can do if you did sell silver.
Um but sell it when you want to, not when you need to. Guys, I appreciate your time. I'll talk to you soon.
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