Home› Precious Metals

Okay, poll time, is it time to sell the gold and silver??

TexasNationalsTexasNationals Posts: 3,837 ✭
in Precious Metals
What do you think?

Edited: I have no financial need to sell right now. It is a matter of getting out while the getting is still good or getting smoe more while the getting is still good too. I am diversified enough with metals, cash, stocks, bonds, tips, firearms, etc.

Comments

  • keepdachangekeepdachange Posts: 1,374
    If all goes as planned I won't even think of selling for the next 25-30 years from now, so I'll just keep stacking for now. All depends on each individual circumstance.
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    gosh, all those choices, and no option to "sell some portion to lock in profits, while holding the majority, keep the funds as dry powder, and be prepared to buy back lower in the intermediate future"

    Not one for all-or-nothing type absolutes, so I went with "no opinion"

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    The right answer is #4, #5, #6, #7, and #8.

    You really need to ask?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>gosh, all those choices, and no option to "sell some portion to lock in profits, while holding the majority, keep the funds as dry powder, and be prepared to buy back lower in the intermediate future"

    Not one for all-or-nothing type absolutes, so I went with "no opinion" >>



    Yep. As we've said before: If you have a specific alternative investment in mind, and its price hasn't risen proportionally with Ag or Au, it is time to consider selling some.

    That will allow you to move into that investment at a discount or even at a fraction of what it would have cost you a year or two ago.

    Consider this scenario: I bought a duplex rental property a few months back. Appraised at $85k. My offer of $63k was accepted.

    Two years ago this property should have fetched at least the appraised value of $85 (and maybe even $100k).

    So two years ago the down payment of 20% of $85k would have cost you about $17,000.

    Let's say you bought gold instead. December of '08 that $17,000 would have bought you roughly 20 ounces of gold at $850/oz. Congrats, you have $17,000 worth of gold.

    Fast forward to December of '10. Your $17,000 gold investment is "worth" about $28,000. Except now the $65k duplex price would only require $13,000 down.

    With the reduced price of the duplex and your gain in gold's value, you're able to get into the exact same piece of property essentially free: The $13k down payment is roughly what your gain is in gold. Or to put it another way, in just two years time, you now own the property and you still have roughly $17,000 worth of gold.

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • zrlevinzrlevin Posts: 734 ✭✭✭
    I sold a little gold a while back, and lately I've been trading silver for gold. I thought it was a good way to protect the profits I made in the outrageous silver run up, while not getting out of the PM market.

    I'm thinking of buying more silver (.999 this time, instead of .900) if there's a nice drop back.
    Zach
  • pf70collectorpf70collector Posts: 6,644 ✭✭✭
    I am selling to lock in some profit, but also buying.
    Montana State Quarter Die Clash

    Box of 20
  • TexasNationalsTexasNationals Posts: 3,837 ✭
    I can't say I am going to do any of this. My intent here was to get a wide snap shot of what the whole board is thinking as opposed to teacking down 100 responses and guessing thier intentions.
  • CiccioCiccio Posts: 1,405 ✭
    I voted #2.
    I sold almost all my silver (because I needed some cash, of course) but I am still trying to add some gold.

    (I am a small fish in the PM market, though)
  • botanistbotanist Posts: 524 ✭✭✭


    << <i>(I am a small fish in the PM market, though) >>



    Hah! The coin market and the small bullion bar market is not merely small fish, it's not even sardines or minnows, at most maybe the world's smallest edible fish, the Tabios, which is made into fish pancakes in the Philippines. Hundreds of them are needed for one pancake, and when cooked all that can be recognized are the numerous tiny dots which were the eyes of the fishes.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I am selling to lock in some profit, but also buying. >>



    Likewise....I'm always buying & selling, but have been doing more selling as of late.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TexasNationalsTexasNationals Posts: 3,837 ✭
    Tabios are straight up nasty, and that sauce that comes on the side (side if your lucky) is even more foul, but then again most phillipino is straight up stomach wrenching!
  • botanistbotanist Posts: 524 ✭✭✭


    << <i>Tabios are straight up nasty, and that sauce that comes on the side (side if your lucky) is even more foul, but then again most phillipino is straight up stomach wrenching! >>



    Evidently you weren't getting nearly enough San Miguel beer to go along with the "pulutan" ( pulutan = anything you eat while drinking, when drinking is the main course).
Sign In or Register to comment.