I am selling gold!

Hi Stackers,

I decided to sell some of my gold locally!

Because in 2022 we bought a house in Spain my remaining assets consisted for 35% of gold and silver. Not per sé bad but there are also bills to be paid and the increase in interest rates - to now 3% - make deposit accounts also more attractive. Long story short I decided to sell some gold.

Just when I went his happened .... 1 ounce was up 100 dollar in a few days

Steps I took:
pic of a Dutch gold silver buying company:

1. I went to the local shop of above chain with some questions how it works;
2. I asked what would I get for two sovereigns and it turned out to be some 10% under spot; (they sell for spot + 10% on the website; helathy margin);
3. They need all your data for themselves and the taxoffice in case they wanna know; payment is made via bank accounts

So the next day (gold went up again) I sold :

• 3 Dutch gold ten guilders
• 3 sovereigns
• 1 20 Mark coin

At the same time I filled catawiki with 7 high premium coins (most 7 gramms each) that will be auctioned in a week from now; all with a reserve just under spot

However when the gold price keeps going up this whole action does not deliver me a much lower % of total assets; I then have to sell a lot more of the 1 ouncers ;(

I will let you know how I proceed

Goldrooster