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What is your selling price?

renman95renman95 Posts: 7,037 ✭✭✭✭✭
in Precious Metals
To my PM comrades: after witnessing PM pics on friday's for over a year now and the constant mantra of "keep on stackin'" at what point do you sell and why?

Like any investment you have to have an exit strategy or do you plan on never selling and let your relatives fight over the spoils?

Do you have a "rainy day" core holding? A "doomsday" holding? A wealth preservation holding?

R95

Comments

  • cjmezzcjmezz Posts: 467
    To me, my sell point isn't really at a "price". Basically if I need the $$$ I will sell, if not I will just hold until I do need the $$$.
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i have been following Sinclair's 'angels'.

    one can't do too wrong following a buy sell or sell buy based on his limits. although the ride to each angel will be rocky.

    i guess it's safe to just buy what you can budget each month and don't think about the price, think about the stacking.
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    To the extent that gold and silver are currencies, it doesn't make sense to "sell" them. My thinking is, at what point do I want to exchange them for other currencies, such as dollars?

    Except for immediate spending needs, it doesn't make sense to make such an exchange as long as the U.S. government's policy is to continue debasing the dollar.

    My Adolph A. Weinman signature :)

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    No selling price. Selling/trading situation though:

    old and need retirement money
    younger and need money
    in a bad time and need money
    looking at some crazy deal that could be supplemented with shiny things in lieu of cash
  • KonaheadKonahead Posts: 1,476 ✭✭✭


    << <i>To the extent that gold and silver are currencies, it doesn't make sense to "sell" them. My thinking is, at what point do I want to exchange them for other currencies, such as dollars?

    Except for immediate spending needs, it doesn't make sense to make such an exchange as long as the U.S. government's policy is to continue debasing the dollar.[

    I agree, if I need cash to pay $18 for a coke I may have to exchage some. With the current situation we find ourselves in I can't see any reason I would want currency in the foreseable future. I would cash some in for a working crystal ball!
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    I don't have a price point where I intend to sell. I don't consider the stuff an investment that has to bear interest or generate a yield.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    I don't have sell price either. Whether it's collectibles, PM's, or a house, it usually hits me like a ton of bricks
    when the time is right. That strategy has always worked out pretty well.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Personally? ( it's gotta be personally since I don't do bullion )

    Not sure. We're not close though.

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    My tired old mantra

    Silver and Gold stocks are for spectulation and I will sell at a moments notice. I actually sold 95% of it on Tuesdayimage as stated in the Trading Thread

    Physical Silver is for speculation and I will sell at a moments notice. ( except for one bag of junk for every memeber of my family. That never gets sold)

    Physical Gold is for financial insurance. This never gets sold UNLESS the Dow and gold ever meet then I will reserve the right to change my mind.

    I do have a feeling that when the last shovel full of dirt hits my face my two kids will be driving directly to Abotts's Coins to sell the gold. Flippin brats. However, I will be buried with 20K in gold in case I need to bribe somebody on the otherside.

    MJ

    edited to add for full disclosure- I have used gold in pm swaps from time to time whenever I owned too much gold against my assets. I have also used gold to get better prices on contractor work around the house. I usually replaced it later at a better price : )
    Walker Proof Digital Album
    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......
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Gold?? probably????
    Silver & Palladium...whenever I've doubled my investment on the stash I'm selling ... selling a bunch of older Silver & Palladium now. It's an ongoing thing ... never stops .... buy ...sell when it has met my goal.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    I'm leaning more towards "stacking" 100 ozr's. with no plans on selling...
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    My savings were converted to PMs years ago. Anytime I need money from savings I sell some PMs. Its a savings account, nothing more, nothing less.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cone10cone10 Posts: 1,021
    Like most my PM's are a savings account and I sell as I need. But if I was to sell my silver the price would have to be 100.00 oz or higher and gold 10,000 oz.
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • waltscoinswaltscoins Posts: 55
    Good view on physical gold as a savings account.
  • sbeverlysbeverly Posts: 962 ✭✭✭
    The financially conservative part of me will always keep a portion as real money/insurance.

    1--If tomorrow the FED adopted a 1970-80's Volcker like stance, (when frogs fly out of my ***) I'd be eying
    the exit door of this theater of comedies with what I consider the liquid portion.

    2--I would not look for a number so much as if, and, or when it looks expensive relative to other assets.
    At that point I would redeploy some to the new asset class. For example: if the dollar became somewhat stable
    and secure, (see #1) and paid north of 20%. I don't see this anywhere on the horizon at this point.

    3--And,...when (not if) mania hits a fevered pitch and the PM's take on the characteristics of a balloon looking for a pin I'll take some chips off the table because you can't lose
    money by taking a profit.

    The Speculative part of me loves and plays the juniors. They are like playing with matches and I will continue to be in and out of those.



    Positive transactions with Cladiator, Meltdown, ajbauman, LeeG, route66,DennisH,Hmann,FilamCoins,mgoodm3,terburn88,MrOrganic, weg,dcarr,guitarwes,Zubie,Barndog,wondercoin,braddick,etc...
  • johnny9434johnny9434 Posts: 28,310 ✭✭✭✭✭
    $25+ silver image gold who knows
  • MMRMMR Posts: 372
    Silver - $145
    Gold - I will never trade my gold for fiat dollars...
    My eBay auctions - nothing now
  • CiccioCiccio Posts: 1,405 ✭
    Silver $23.22 so far. image
    Gold only if I need money.
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    You selloff some PM's, then convert it to paper that looses
    purchasing power daily as PM's climb. So why sell?
    How could the dollar ever gain, when there is all this hidden debt. (ex. BoA 30+ trillion in credit default swaps)
    I pull as much PM's as I can from my bank, copper that is, the new silver some day image
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • VikingDudeVikingDude Posts: 1,342 ✭✭✭
    I converted some of mine into a remodeling project.
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