I fellow I know has about 500 lbs of 90% in his basement...
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
do you recommend now is a good time to sell? My personal opinion is that it would be best to wait until silver is back up around $18 or $20, which I think is quite possible in the next year or so.
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I'd tell him to sell 1/5 of his holdings now... just to average up/down...
Edited to add: Give or take a few cents.
If he did sell, and didn't have any of the above issues, I would take it as a positive for silver bulls: someone who has been buying for decades is tired of the stuff and wants to sell. What would he put the money into? If and when silver is $50 or even $500 an ounce, what would he put the money into? He probably knows a lot more about silver prices than you do.
It is disturbing that you know how much he has. That is a big bullseye for would be thieves.
Linky diddle doo
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