Finally selling off some gold rounds after 10 years - feeling great about the decision

Kenneth Parker

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⭕ Gold Rounds

Finally selling off some gold rounds after 10 years - feeling great about the decision

kenneth_parker💎Premium (500k-1m)

about 5 hours ago

Key Takeaways

•When I started getting into gold, everyone I knew thought I was crazy, especially going with rounds instead of just sticking to equities.
•But with the way the market has been swinging, and frankly, with all the global instability we've seen, that physical hedge has been a godsend.
•My logistics business in Memphis has been a beast to manage these last few years, especially with all the supply chain craziness.

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Just closed a sale of about a third of my gold rounds collection I've been building for the past decade, and man, does it feel good to see those numbers. When I started getting into gold, everyone I knew thought I was crazy, especially going with rounds instead of just sticking to equities. But with the way the market has been swinging, and frankly, with all the global instability we've seen, that physical hedge has been a godsend. I'm sitting on almost double what I invested in those specific ounces, and it’s just solidifying my belief in keeping a significant portion of my portfolio in precious metals.

My logistics business in Memphis has been a beast to manage these last few years, especially with all the supply chain craziness. I’m starting to seriously plan for succession – probably looking at 3-5 years tops before I hand over the reins. The capital from this sale is going straight into shoring up some of the business's structural needs, making it a more attractive and smoother transition for my successor. It's not a full retirement nest egg withdrawal by any means, but it's a hefty chunk and frees up a lot of mental space for me. I still have a good half a million tied up in other gold assets, and I'm not touching that for a while yet.

I know some people here are all about the quick flips or high-risk plays, but for someone like me, who's been building a business for over 25 years and values stability, this long-term hold on physical gold has been incredibly validating. It wasn't the flashiest investment, but it was a consistent one. Anyone else here have a similar story with rounds or other physical gold? What’s your typical holding period before you start thinking about liquidating? I’m always curious to hear different strategies.

5 comments

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Best Answer▲ 9 upvotes

joyce_cooper📊Growing (50-100k)

Totally agree with this! It's such a validating feeling when your long-term plays pay off. I started DCA-ing into gold and silver back in '08 when everyone was talking about how it was a "barbaric relic."

Fast forward to now, and it's a huge chunk of my wealth. Good on you for sticking to your guns. What are you looking at doing with the proceeds?

Comments (5)

patricia_miller📊Growing (50-100k)✓ Verified•less than a minute ago

Totally get this feeling! I held onto some silver eagles for a good 8 years, bought them when everyone was saying it was a "bubble" (sound familiar?). Just sold about half my stack to put a down payment on a new car, and it felt amazing to see that actually pay off. Congrats on the sale!

ronald_morris👑Elite (1m-5m)Real Investor•less than a minute ago

That's awesome, congrats on the gains! Out of curiosity, why did you go with rounds specifically over other forms of gold like bars or coins back when you started?

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

Congrats on the sale, OP! Always satisfying to see a long-term play pay off.

I do wonder, though, if selling off a *third* of your stash is a bit much. Sure, taking some profits is smart, but with the way things are going globally, having a significant chunk of physical gold still seems like a pretty solid hedge right now. Just a thought!

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Nice! Always great to hear a success story after sticking with it for the long haul. Since you're selling off some rounds, have you checked out APMEX's "Sell to Us" program? They often have competitive buyback prices and it can be super convenient if you're looking to offload more in the future. Congrats again!