What's your move in the current market?
scotty1419
Posts: 1,106 ✭✭✭
Curious to hear what everyone's strategy currently is after such a huge runup.
Old collector/buyer sitting on a decent pile? Newer collector still buying? Keeping it all for higher prices? Slowly selling? Basically sold?
I've casually sold maybe 1/3 and picked up some nice collector coins in place over the past month.
I like buying PMs and love 90%, etc, but just cant really stomach buying .999 or 90% at current levels, even if the momentum suggests it'll go higher.
I love silver dollars and have been picking up some slabbed Peace in 63/64 lately for basically spot. It feels like a better move to hold 'quality' coins with some safety premium if spot drops when some people are paying nearly those prices for junker Morgans.
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Last year, I sold two gold chains to fund some coins and with the run up, it's allowed me to sell those and upgrade those coins and the ability to grab a few more.
I'm still buying but I pulled any decent weight off ebay. Just scrap and jewelry left.
I have ebay silver on its way to me that is already worth $23 more an ounce and I just couldn't stomach selling any bullion right now except for insane premiums. Basically down to wild key date toners.
I was gonna exit some of my gold position to buy more but we have enough fiat to cover until my busy season. I've got some gold and platinum at NGC right now that is very green. I have to sell it to pay the credit card I used to buy silver dollars at 40, that have now doubled but I don't want to sell.
I'm likely just going to hold and do nothing soon. See if these lowball offers go through first..
I'm long some silver and gold ETFs plus some options with a friend that are ridiculousley in the money.
I'll keep selling as we go higher, using wider scales.
I presume you meant PM strategy as a financial strategy, IMO, should not be solely or mostly PMs. Of course, I realize some people here don't care about that but if an investment professional did it with a client, you'd have legal and compliance issues.
Most so called investment professionals are nothing more than salesmen who push robo portfolios, in other words, a bunch of avaricious clowns.
Stacked silver years ago, I’ve always watched silver pricing but haven’t bought any since silver was around $25 an ounce and most of my modest stack of 1,300 +/- ounces were bought at $15 an ounce or less. My plan is to sell in the coming months and pay off my house. Where and how much back of spot I will sell is still unknown, such a crazy market and miss the simple consistent buy/sell pricing of years past but at these current prices the chaos is worth it.
I'm glad to see gold at over $5,000 intraday trading
We're in a precious metals collecting forum, so yes, strategy on your collectible metals
Make sure you have a specific plan. It's easy to say 'I'll see' and keep adjusting your goalpost as valuations rise, but if you don't DCA out as you DCA'd in, you're really risking something. IMO. Good luck on the payoff!
Make sure you have a specific plan. It's easy to say 'I'll see' and keep adjusting your goalpost as valuations rise, but if you don't DCA out as you DCA'd in, you're really risking something. IMO. Good luck on the payoff!
I agree 100%. If you do plan to sell, do it in phases and don't deviate from your schedule. If you divide your selling into 3 or 4 segments the risk of large moves (up or down) is somewhat smoothed out.
I knew it would happen.
Continuing to dump physical gutter for The Metal of Kings. Also adding some BTC and ETH. Finger on the trigger to go large ZSL. Thank you for this gift. Nothing else to sink $$$$ into. Zero debts and the retirement parties are being planned. Perhaps the next-door neighbor is finally ready to sell his 137-acre farm? Was looking for a winter home in Florida before the place became a cesspool. Currently looking at a few places down in South Texas/Gulf of Mexico. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
100 GSR hahahahahahahahahaha
COPPER is gutter !
Hold my hand ♥️ ♦️ ♣️ ♠️
If you have this opinion you have not found a good investment professional. Certainly a large percentage are, but a good advisor is like a trustworthy mechanic or plumber.
Not true...most are pretty good at what they do, and some are super-sharp with multiple financial degrees.
The industry is nothing like what it was when I started 40 years ago.
I think a lot of people take for granted that an investment advisor is just there to tell you which investments/indexes to choose. Where the value play comes in, is strategy around investment categories and tax impact, etc etc. IMO.
The best thing an investment advisor can do is just make sure you don't do anything stupid. If someone spends lots of time doing research and wants to watch their portfolio every now and then, sure, they might not need an advisor. But if you are an Average Joe or Josephine, it's good to make sure you have a portfolio that approximates your needs and that "conservative" investments are bonds and cash and dividend paying stocks, not blue-chip high beta names that will surprise to the downside in the next bear market.
I've worked in this business for 40 years, 30 years as an instititutional or HNW portfolio manager. I've seen lots of people come to my firms who didn't know what they bought (they didn't ask questions and their "advisor" didn't explain it well enough) and were clueless on what they owned. That's a prescription for disaster.
The problem has gotten much better because of the internet and increased financial knowledge among (most) people.
A bunch of people I work with recently came into some nice $$$ via inheritances. If they had told me this $$$ might be coming, I'd probably have been more aggressive with their equity portfolios. But if that's the worst that happens, it's nothing.
When you have no margin for error in managing a portfolio for income...and then someone gets a windfall of 75% of that portfolio or more.....things change.
As soon as I am out of the shock state, will do an inventory and trim.
Easy to procrastinate when it's a runup.
Let the knife hit the ground that's me.
I constantly adjust my goalposts. The world keeps changing, so it seems logical to me. But on the other hand, the past year hasn’t been all that surprising to me, except for metals prices. So my goalposts haven’t moved, and now they’re in the rear view mirror.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I’ve been in the Financial industry for over 30 years. I have helped many clients plan for their retirement AND the most efficient tax way to spend down their assets when they need to. I’ve never used the companies one size fits all “model portfolio’s”. I’ve also had clients in PM’s and miners for years. I must have done it right because most of my new clients come from existing client referrals. I’ve also brought in one of my children and made sure they became a CFP. A really good financial advisor is one who ties his clients future into their own future and plans for the multi decade financial plan.
Mike
MIKE B.
I have been flipping/purging mint sets, 90%, 80%, and other similar material that is not very liquid. With those funds I bought back some premium stock (engelhard, vintage, etc) as the premiums have pretty much eroded away. Those less liquid items have been selling decently strong on ebay.
I'm still holding onto silver eagles and bars. Maybe shift some to gold, real estate, or numismatics. Like others have said, no huge rush with the run up. So far I've sold from $75- $100/oz. Moving the above stated items weekly.
If the market goes one way or the other, I want to be in the most liquid form.
I have been trading lower quality coins into better coins. Ideally I have 40+ yrs of collecting left and afraid if I cash out I may never get back in.
I will say my collection is much easier to store today than it was a couple months ago. Now if refinery would start processing I have a 10+ lb bag of old foreign silver that needs to be melted
I have a bunch of misc silver proof coins in tubes(bought a bunch a sets when silver was $20 and under) that I’m thinking of selling but, I don’t think they’re worth smelting…yet.
I've been stacking for a minute. This is the first silver bar I purchased. I picked up 20 ounces on 12/31/25 for around $74 an ounce. Right now I'm in a holding pattern.
I've been at it a few more days
The top bar, 10 ounce was the first vintage silver bar I bought.
I actually bought a pair of them for $55 and $5 shipping,
I sold one bar to a friend for $40....he kept the bar until silver got to $8oz then sold it.
I would have bought it back had I known he was selling.
I added the 25oz and the 50oz in the next couple years.
Always wanted to get the 100oz but silver was starting to edge up and I figured I'd wait.
Hold. May need it to eat someday
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
Call me crazy but I actually purchase some at $86 a few weeks ago. Been stacking since low $20’s but felt conditions were rip for a continued rise over the long term. Not sure where we go from $110. Industrial users are looking for alternatives to silver but how quickly any alternative can be scaled up to take the burden of silver remains to be seen.
Selling silver slowly to reduce the space used for storage. Holding gold. Shifting new purchases to my two numismatic sets.
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
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
My plan is to gradually convert 90% into better collector coins for the sets, but checking in with most local dealers who have poor collectible inventories and imagining there are probably others planning the same, I'm on the fence if it's better to capture some profits if I can get nicer coins, than wait. If prices skyrocket further, I'm sure we'll see stronger upward movement in premium piece pricing...