Hi Scott,
I thought I was really clever when I started buying silver and gold about nine months ago. I bought the silver outright and the gold through a saver account with a reputable dealer. I’ve ferreted away a few grand and put $13,000 against our home loan – which had zero owing before I did this. I’ve put in $17,000, and our silver and gold is now worth about $30,000. I told my wife earlier this week and showed her the physical gold and silver. She was ropeable.
Before you say I should have included her: I’ve tried Barefoot Date Nights but she’s never shown any interest, too busy with kids, etc. Everything gets paid and she has enough money for groceries, nights out with the girls, and whatever she wants. But she’s furious. I thought she’d be rapt that I did something smart.
Now she doesn’t want to hear about it. I want to double down and buy more, but she won’t even comment. We have a $200,000 investment loan for ETFs which has done nothing for two years – only up about $8,000. What should I do? Sell enough to clear the $13,000? Hold the silver? Sell the ETF and buy heaps more silver? Change my super to an SMSF and buy gold?
Ben
Dude,
Dude.
Duuuuude.
Your wife isn’t furious about the shiny metals.
She’s furious because you went behind her back and pulled $13,000 from the family home loan without telling her. Then you unveiled it like a kid at show-and-tell who’d found $10 in a carpark.
You didn’t include her – but you expected applause?
Truthfully?
You got lucky. Gold has had an incredible run. And now you’re asking whether to double down, drain the ETFs and restructure your super … while your wife won’t talk to you.
That’s your answer right there.
The investment question is easy. The marriage question is the one you’re ignoring. So, book the Barefoot Date Night. Not to explain silver … to actually listen to her.
Because right now you’ve got $30,000 in precious metals and a wife who doesn’t trust you.
I know which one I’d rather have.
My view?
Sell the metals. Clear the home loan. Then have the conversation you should have had nine months ago.