Poll - Silver $16+ Buying, Selling, or Holding

tydye

Just wondering what others are doing. I thought a poll would give a better indication

renman95

Yes, Yes and Yes. Not meant to be a joke. You sell some and roll it into to something else not necessarily bullion and meanwhile hold on to some core holdings for 12-12-12.
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R95

RedTiger

I'm holding on silver.

I'm aggressively buying "paper" gold (ETFs and options) for the short term (a few weeks to a few months). An average move for gold from the chart breakout would be 20% up. If that happens, I don't know if silver will move more, less, or what.

jmski52

$16.00 silver doesn't faze me. At all.

My buying choice is always influenced by my existing position.

I'm trying to separate out some of the smaller stuff that doesn't make sense to hold anymore, while at the same time accumulating some cash to add to the larger caches of stuff that I'm still building.

Having said that, my next buy will probably be silver or palladium. I won't be trying to time my purchase. Rather, I will buy more silver (or palladium) when my cash position still leaves me ample cash for anything else that might be needed.

roadrunner

I've been a buyer/holder of physical silver since I started buying it in 2003. It's basically a core position that for now just grows. Silver will eventually reach all time high levels that most cannot fathom today. That's when it's time to start entertaining selling it. For now it's an emergency cash reserve in a shtf scenario even more so that bullion gold. Not buying at these levels but did add some in the previous weeks.

I could see considering selling during the weaker summer months but why in early September when this is month is typically very strong or in Nov-May when a longer cycle starts? Will another Sept/Oct deleveraging event smack silver silly this year? I guess how you answer that determines whether you hold or sell.

roadrunner

secondrepublic

<< <i>Silver will eventually reach all time high levels that most cannot fathom today. That's when it's time to start entertaining selling it. >>



I fully agree with that. When the prices repeatedly break all time highs and the mainstream press and people on the street are talking about PMs, that's when it'll be time to sell.

mkman123

I'm holding off on buying because I don't have any spare cash at the moment. Plus why sell when I don't have much anyways to sell.
However if lets say I get $5, then I will put it into some 90%. If I get 20 bucks, I'll buy a silver bar/round. I'll just slowly buy and hold onto what I have.

Weiss

I guess I don't really feel $16 is a psychological threshold of any kind for me. If I'm in the right place with a stack of cash, I may buy. I may not. But I'm certainly not selling.

tydye

I sold a small portion of my silver this week. But actually purchased some better silver as well. What prompted this was 2-fold. I thought a nearly $2-3 rise in just a few short weeks was a nice increase. Plus I could use a few bucks for some other items. I also felt/hoped that it would dip below 15 again. Below 15 is my buy point.

I am surprised how many are buying and holding compared to selling.

dino2008

buy and hold!!!!!

gsa1fan

Sold junk & odd stuff, Hold good stuff, & looking for more to buy soon!

1jester

Definitely buying...up to $50/oz or more.

gimli89

I will keep my core gold and silver items but sold last week 200 buffalo rounds and some sunshine bars I bought on spec when I could get it at $12 early this year.
I will buy again if it drops to under $14 to add to core stack.
Be surprised if it gets back to $12

cohodk

Silver will eventually reach all time high levels that most cannot fathom today

Then one should mortgage the house? Sell everything that can easily be replaced and buy silver? Maybe not even pay real estate taxes? They cant take your house until you are 3 years in arears. Maybe tell the kids to take a few years off from college and use that tuition money to buy silver?

Im really not joking. If it is such a lock, then anyone with access to 100k should be a millionaire in 3 years?

jmski52

Then one should mortgage the house? No.

Sell everything that can easily be replaced and buy silver? Yes.

Maybe not even pay real estate taxes? Don't go there.

They cant take your house until you are 3 years in arears. Why run that risk if you don't have to?

Maybe tell the kids to take a few years off from college and use that tuition money to buy silver? Nah, not unless the kid isn't doing very well in school. It's not going to be easy finding a job as a college dropout right now.

Im really not joking. If it is such a lock, then anyone with access to 100k should be a millionaire in 3 years? Who knows what that million bucks will buy in 3 years?

I realize that you're being somewhat facetious and somewhat serious with your comments, but I'm not joking either. 3 years ago it would have been hard to convince me that Wall Street finance and several major corporations would be taken over by the government and the bill for doing that would be laid on my doorstep.

In addition, I didn't expect the government to quadruple the deficit in one year and a president who has designs on taking everything from honest, hard-working taxpayers that isn't nailed down and giving it to his minions in the unions and on the welfare roles.

Silver isn't an investment anymore - it's just a smart thing to do.

SaorAlba

I have owned most of my silver since it was like $4.75 an oz back in the early '90s, the rest I bought into when it hit $6.50, so I have nothing to lose by holding it.

OPA

No one has ever gone broke taking a profit ... sell on the ups ... buy on the downs. Silver is just another commodity and not taking a profit, is like looking a gift horse in the mouth, unless you are an accumulator with the intent to nest-stake your heirs.