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Considering selling some 90%

penny4yourthoughtspenny4yourthoughts Posts: 155
in Precious Metals
I've got a couple hundred bucks face of 90% and a couple hundred silver dollars. I'm considering selling about half of it...I've got some needs that I could use the money on...it's physically a large amount of silver, and I'm concerned that if I hold much longer this might end up becoming a much longer term investment than I'm wanting to do ;-) I'm about 40 percent gold and 60 percent silver in my holdings. The volatility of the silver in the overall world situation has me a bit concerned...and on the holdings I have currently I would be anywhere from breaking even to making some money... Convince me with some evidence that my plan to sell part is or isn't a good idea please.

Comments

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    The time to sell some precious metals holdings is when you have a good use for it. I think that the best way to view a precious metals portfolio is as a savings account and not much more than that.
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  • StaircoinsStaircoins Posts: 2,566 ✭✭✭

    Nobody but you knows the right time for you to sell. Everyone's situation is unique.

    This may sound overly simplistic, but try asking yourself which question worries you more ...

    If you worry about looking back later and saying "Why didn't I sell?", you should probably sell.
    On the other hand, if you think you'll later ask yourself "Why didn't I keep it?", you should probably hang on to it.


    If you need the liquidity, selling half is probably a good compromise.
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    I read this that you have already made up your mind and are looking for feedback..."and I'm concerned that if I hold much longer this might end up becoming a much longer term investment than I'm wanting to do . (Yes, I realize there was a wink there). If selling half lets you get out slightly ahead of the game, and the funds can be put to good use, I would be all for that. If it were me in that position, without knowing any other facts, I would be looking for the "for sale" sign.

    Grammar edit. Same message.
  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭


    << <i>Nobody but you knows the right time for you to sell. Everyone's situation is unique. >>



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  • DenverDaveDenverDave Posts: 2,164

    I would Hold... Unless you Really Need The Money...!

    Silver will be Interesting this Next Year...

    That's My Thoughts...You owe me a Penny..."-)
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  • bestmrbestmr Posts: 1,776 ✭✭✭
    Agreed. Hold until you need the money for something. It's what I'm doing but may have to sell here sooner rather than later so I'm hoping it goes up here soon.
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  • AuAgPtAuAgPt Posts: 100


    << <i>Convince me with some evidence that my plan to sell part is or isn't a good idea please. >>



    No one has a crystal ball, but I read enough of Jim Sinclair and the late Howard Katz (both of whom know/knew a heck of lot more than me) to make me believe we're only half way thru this commodity bull market. I believe there will be numerous debt crisis' ahead that will help drive this trend. I'll take a swag and say $80-100/oz silver by 2021 (with lots of volatility getting there, i.e. good buying pop's). Unless you need the cash now, keep the silver. -aap
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Keep the silver unless u need the money to pay for something
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  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭

    It took 30 years before Silver knocked on the big 50 and its good for at least two more knocks this round and

    the very good posibility of a major brekthrough with the open sky the limit.

    During that 30 years the spring is wound pretty tight, and this first knock was just to shake out the weak hands.
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  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Keep the silver unless u need the money to pay for something >>

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  • pakasmompakasmom Posts: 1,920 ✭
    I consider all assets, in any form, "tools." Given your statement: "I've got some needs that I could use the money on," I would not hesitate to sell some of my silver to meet my current needs.
  • guitarwesguitarwes Posts: 9,266 ✭✭✭


    << <i>I'm considering selling about half of it...I've got some needs that I could use the money on...it's physically a large amount of silver, and I'm concerned that if I hold much longer this might end up becoming a much longer term investment than I'm wanting to do. >>



    If it's truly a NEED rather than a want, sell some. If it's something you could pull from something else to take care of said "needs", don't sell any because it eventually headed higher.



    << <i>The volatility of the silver in the overall world situation has me a bit concerned...and on the holdings I have currently I would be anywhere from breaking even to making some money. >>



    I think that the underlying fundamentals are in place for a big silver move in the next 2 years. Like someone above me said, the spring is wound tight (% wise) I think silver has a good bit more than gold.



    << <i>Convince me with some evidence that my plan to sell part is or isn't a good idea please. >>



    Is your life in jeapardy if you don't sell?
    Is your family's quality of life going to suffer if you don't sell?
    Is your belongings going to be taken away from you if you don't sell?
    Is your house going to be forclosed on if you don't sell?
    Are you going to have to file bankruptcy if you don't sell?

    If you're into as cheap as you say (breaking even to making some money), you are in a good postition to hold IMO.

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  • dontippetdontippet Posts: 2,606 ✭✭✭✭


    << <i>

    << <i>Convince me with some evidence that my plan to sell part is or isn't a good idea please. >>



    No one has a crystal ball, but I read enough of Jim Sinclair and the late Howard Katz (both of whom know/knew a heck of lot more than me) to make me believe we're only half way thru this commodity bull market. I believe there will be numerous debt crisis' ahead that will help drive this trend. I'll take a swag and say $80-100/oz silver by 2021 (with lots of volatility getting there, i.e. good buying pop's). Unless you need the cash now, keep the silver. -aap >>



    While $80 silver sounds fantastic, that is only a 9.5% annual increase over ten years.
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  • DenverDaveDenverDave Posts: 2,164


    << <i>

    << <i>

    << <i>Convince me with some evidence that my plan to sell part is or isn't a good idea please. >>



    No one has a crystal ball, but I read enough of Jim Sinclair and the late Howard Katz (both of whom know/knew a heck of lot more than me) to make me believe we're only half way thru this commodity bull market. I believe there will be numerous debt crisis' ahead that will help drive this trend. I'll take a swag and say $80-100/oz silver by 2021 (with lots of volatility getting there, i.e. good buying pop's). Unless you need the cash now, keep the silver. -aap >>



    While $80 silver sounds fantastic, that is only a 9.5% annual increase over ten years. >>



    I'll Take It, in a Heart Beat...!

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  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Convince me with some evidence that my plan to sell part is or isn't a good idea please. >>



    No one has a crystal ball, but I read enough of Jim Sinclair and the late Howard Katz (both of whom know/knew a heck of lot more than me) to make me believe we're only half way thru this commodity bull market. I believe there will be numerous debt crisis' ahead that will help drive this trend. I'll take a swag and say $80-100/oz silver by 2021 (with lots of volatility getting there, i.e. good buying pop's). Unless you need the cash now, keep the silver. -aap >>



    While $80 silver sounds fantastic, that is only a 9.5% annual increase over ten years. >>



    I'll Take It, in a Heart Beat...! >>



    Same here....fantastic return, especially if you believe it to be true/inevitable!
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  • AuAgPtAuAgPt Posts: 100


    << <i>While $80 silver sounds fantastic, that is only a 9.5% annual increase over ten years. >>



    I hear your point, of course, higher would be even better.

    Inflation runs about 3-4% (true inflation is probably much higher), 1 yr CD/money market pays a dismal 1%. So right now keeping one's money in cash is loosing money (of course everyone may have other reasons to have cash on-hand). Wish CD's would pay 7-10% right now!

    Gold's 10 year annual return has been about 19.5%, silver has been 22%. I have no crystal ball, but 9.5% is conservative IMO. Is anything paying 9.5% return these days? Thoughts? --aap
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