Opinion - Selll Gold or Keep Gold and be Sentimental / Hopful abou future value

ichocolate

Senior Member
Joined
Oct 17, 2011
Messages
677
Hi, i would like to know:

Scenario 1 If you have kruger coins worth 60k, should u sell it and use it towards debt OR hold OR sell it.
Ive kept my gold for ages and its done nothing for me, i could have used it on a interest bearing account for the 5-8 years i have had it.
Scenario 2 If you have plans to live over seas , take it with you and sell it there (based on what country?) OR
cash it here and transfer money over seas (fees>?)

anybody with good ideas here, please, thanks
 

bchip

Expert Member
Joined
Mar 12, 2013
Messages
1,299
Hi, i would like to know:

Scenario 1 If you have kruger coins worth 60k, should u sell it and use it towards debt OR hold OR sell it.
Ive kept my gold for ages and its done nothing for me, i could have used it on a interest bearing account for the 5-8 years i have had it.

Think you answered your own question there. Imo always payoff your debt first.
Remember that paying off debt is a guaranteed 10-20% return.

Doubt you will get better prices in other countries for the same product.
Especially if include the cost to get there would take 20% of the return already with the flight tickets
 
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