at what price would you sell your silver ?
greatnortherncoin
Posts: 412
at what price would you sell your silver ?
dont send sheep to kill a wolf...
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I knew it would happen.
<< <i>For me, it's insurance and not really a commodity. If the economic situation changes, then it might become a speculative item once again. Until then, there's no incentive for me to sell it. >>
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
My silver ETF investments are always for sale when profits can be made - selling at peaks and reloading at dips.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
In my case, I would sell some PM if there was something I needed to spend on: very rare coin for the collection, new car, medical bill, etc.
However, I have always kept at least one $1000 face bag of 90% per person in living my household out of habit for a SHTF scenerio.
Kind of goofy I know, but I think I get that mentality from my grandparents who all came over on the boat together from the old country and hearing their stories...........
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
All kidding aside, I am mostly a stacker of physical. If we do get a parabolic move, I may try to unload a bit of it, perhaps at 30% above what all the smart folks say is a rational valuation based on fundamentals. Another useful timing tool might be forum sentiment. When a bunch of forum newbies pile in, all buying large quantities without regard to price, and actually make money on their irrational emotional moves, that might be close to the end of the ride.
<< <i>If you sold your Ag, what would you do with the resulting paper dollars?
In my case, I would sell some PM if there was something I needed to spend on: very rare coin for the collection, new car, medical bill, etc. >>
Agree. I won't sell unless I need the cash to make a large purchase.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think I'll sell half of it sometime this decade.
I'm not looking for a particular price or rate of return... but my plan is based on the gold to silver ratio... Dow to gold ratio (possibly S&P to gold ratio)... and US-TB interest rates.
Plans can change if the right opportunity came around (like undeveloped land).
So to answer your question directly... I don't have a clue.
on the other hand... would you sell at lower prices if silver started to crater back towards $4 ?