Is It Time to Start Selling ?

I expect a pretty good smackdown in the near future, At the risk of sounding like a conspiracy theorist, TPTB needs to send a reminder to us little guys and gals that they are still in control.

I believe gold is going to blow through $2k and silver should come along for the ride to some extent. The trend is still up so to answer your question IMO time to sell not yet. Doesn't hurt to start preparing though.

@tincup said:
Selling only limited amounts. Were are in uncharted waters in more than one area. IMO there is not much point in exchanging gold and silver for federal reserve notes that are being created in huge amounts and likely losing purchasing power. Gold and silver are a good insurance policy to hold on to, even more so in these times.

They were saying the same thing circa 2011.

I wouldn't want to cash in for federal toilet paper either but nothing wrong with converting to fiat and then immediately purchasing much needed equipment and supplies for the ole homestead.

I'm tempted with the same question I had back in 2011....sell some and throw that $ into the market...?

That one I wish I did, but I did swap silver for gold then and was quite happy with that trade.

Profit taking is in order with this run up. However I'd hold some back for a while but it's tough deciding how much. This is a fast moving train so I'll be calling my dealer later today if trend holds.

@ricko said:
The perennial question... When to sell in a rising market. If the price is high enough, that sales of a few pieces, leave your entire stack as profit, that is a good move...recouping your investment, leaving everything else as clear profit is a great position to be in... that way, if needed, the market can be up or down and still provide 'free' cash if needed. Cheers, RickO

Great advice

@cladking said:
When silver goes up I like to sell junk and then buy back 999 bars and good coin.

That's pretty much how I look at it... get rid of some of the less desired items, and put profits into other areas, or needed necessities. Otherwise hold on to the insurance.

Selling ... while the going is hot. I don't look a gift horse in the mouth. I've learned my lesson that history has a habit to repeat itself.

That's a sound move in my opinion @WWW
although not everyone would agree.

@TennesseeDave said:
How much can one sell 20 coin rolls of SAE's right now? I see the big dealers asking and apparently selling for $700+ a
roll.
Ok, I just checked sold items on eBay and they're averaging $625 per roll +/-

Wow. Just sold a roll today for $520. No wonder the guy jumped on it.

I just want some quick cash for later fwiw

Accumulate as much physical silver as possible while forgeting about the dollar value of your stash.

When the price runs up and drops off, play the ETFs instead.

Much easier to buy and sell this way, while accummulating all the physical ounces you can.

I went ahead and sold 40 eagles over the weekend for $1100. Had $700 in them so what the heck.

BTFD

@DeutscherGeist said:
Paying off the mortgage is another good idea, although I know some would disagree, but it does give piece of mind and if a person sleeps more soundly at night and is happier and more secure each day afterward, then it was the right decision in that context. Never sacrifice health for money.

Agree 100%, the security of having a roof over my families head is more important than coins and metals.

@JTHawaii said:

@DeutscherGeist said:
Paying off the mortgage is another good idea, although I know some would disagree, but it does give piece of mind and if a person sleeps more soundly at night and is happier and more secure each day afterward, then it was the right decision in that context. Never sacrifice health for money.

Agree 100%, the security of having a roof over my families head is more important than coins and metals.

I think most people agree with your statement that a home for the family is more important than coins and metals, but the point here is that if one does some serious profit taking from the sale of coins or precious metals, paying off the mortgage would not be their first priority as they would point to investments that have a greater rate of return than one saves on mortgage interest. Some people are of the mindset that they will continue with the 4% mortgage and pay in a timely manner every month, but reinvest funds, acquired through the sale of coins or PMs, in financial vehicles that yield 8-15%. I get that logic, but where are these financial vehicles that yield at least twice your mortgage interest? How safe are they? If a person is not well versed in financial vehicles, it is probably best not to dive in. It works for others, but a regular hard-working skilled person in a field other than finance is likely not prepared to find these relatively safe financial vehicles. They are for sure not guaranteed by any sense of the word, so paying off the mortgage is a sure thing and one less monthly payment to worry about for the rest of their life.

Yeah looking to sell off some peace dollars I bought during the first day of stay in place, need some more liquid funds for the pile. things are getting crazy out there, some nice lead would be comforting now

Is It Time to Start Selling?

Only if you need some cash. There's a lot more room for the metals to run.

@jmski52 said:
Is It Time to Start Selling?

Only if you need some cash. There's a lot more room for the metals to run.

I'm concerned what PM's will do if the US or EU come up with a proven covid 19 vaccine. Russia's vaccine is unproven and in very limited supply. Even-though it did this much damage to PM's.

@jmski52 said:
Well, with gold taking an $80/oz hit I would expect lots of ebay transactions to go south. Looks like volatility will rule, and premiums will increase from this point going forward.

I agree with "volatility will rule." As to increased premiums, that remains to be seen. I'll be closely watching completed 90% "junk coin" auctions for the next week or so.l

I'm still selectively buying, mostly gold. I think it's got alot of room to run yet, even with the supposedly Russian COVIG fix(which I doubt). I'm treating any dip as just a little extra buying opportunity. Regardless, between the China virus and all the fiat being dumped into the world to try and keep things stabilized, my bet is that the hard stuff will win in the end. Silver is just catching up a little, but expect it to build more once the economy gets perking again.

I had to work the last two weekends and was going to sell a little at the local flea.
So of course it dropped. My bad.