Buying or Selling Times?!

I was wondering what all of you fellow cointalkers were doing with your silver hoards? and what do you think will happen with the gold and silver prices? I hear something new everyday about what will happen.

 

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What you do should be based on the answers to these questions. Who do think is going to win the elections? Do you think the economy will turn around or get worse? Is there really a ounce of silver and gold backing every "paper" ounce? Do you think the war in the middle east is going to end soon?

 

It's BOTH buying and selling time! It is, as Dickens once wrote, the best of times and the worst of times. Same like always.
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The part I really like however is that the volume of interest in silver and gold is so great. You can sell this AM, buy the same day PM, re-sell in the morning and so forth. People were frozen 3 weeks ago, now they are in the market. Being in the market, they create a market!
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Sell your lesser stuff and trade up. Keep your keepers, sell the remainder, and do it again. PMs are like your digestive system, the important thing is to keep it all moving along while deriving the essential.

 

I was going to say that it is NEITHER buying nor selling time.

Actually, it depends on your reason for holding gold and silver, and your talent as a trader.

 

It all depends on how long the US and world economies are tanked for....... I don't see us pulling out of this recession in the near future....... Silver looks like a real good investment to buy and hold for a while, don't you all think? I got into buying silve bullion when it was around 8 dollars per ounce..... wish I would have bought more!

 

sell your silver now I think. while its up I would recommend selling to take advantage of the price.

 

Check out the bullion section on here.....plenty of rants from myself as well as others regarding silver. But for reasons far too long to list let`s just say I`m buying with no slowdown anytime soon.

 

I think Cloud is as or more likely to be right than I am. Unless of couse we're BOTH wrong, in which case....., uh, OMIGOSH!
what DOES happen?..., well never mind about the details.
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My advice is to adopt a plan which I'll call, "Investing with the Stars" in which we each try to tip-toe, tap, and/or Rhumba around one another to our own financial benefit. That will involve all the 'moves'. So continue to invest while divesting. Continue to hold while selling. Kinda like sex in that it's OK to look but don't get caught looking.
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And most importantly, ignore the sage advice of fools such as I.

 

I cringe when I think of all the coins that will disappear .

 

Yeah.....the truly "junk" silver. I would not worry about that happening too much. Too many people are wise to key dates. As for the theory that there will be a frenzied melt of all older junk silver, thus making such pieces as a G-4 1943 walking lib rare?.....I can`t see that ever happening, but who knows?

 

That's really the truth Evom777. Nobody knows. However, during the great silver melt of the 80's coins were melted that today are regarded as collectible. Proof sets from the early 60's for instance.
Will you or I sell them for melt in the months ahead? That will probably be an economic decision. If gas costs $5-$6 a gallon ( it's about $2.75 here now) and I can get $25 at melt (currently $13.60) for a '64 proof set, and I've got a few hundred of them I've been holding for years to no purpose ( I actually know several such people, and they are not young), whatcha think is gonna happen? Good-bye proof sets, hello .999 ingots/rounds. And to double today's silver price is certainly not beyond the possible. Again, we don't know.
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That's what I saw happen the last go-'round, when the world was gonna end if gasoline were to approach $1.00 /gallon any closer ( I recall 86.9 cents per gallon was a big motivator for folks to purchase motorcycles. Our big ol' v-8 Fords ( 10-12 mpg) got a little to pricey to drive casually) .
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So that's why I think everybody should be in the market, buying and retaining the bits they want, and re-selling the 'junque' . 'Cause your junk is my treasure and vice versa. Some of us are going to find some real treasure, most of us will maybe just upgrade a tad, all of us will have great stories to tell when silver falls back to $$$??? or surges permanently to $$???, or stays precisely where it is for eternity.

 

I am hoping people sell so that the price will fall and I can buy more. :devil: TC

 

If you're trying to create a bigger pile than you already have then it's time to hold and wait!! nuff said!!

 

This is the Question of the week.. Again...

All I do is tell myself that I am going to sell The "Junk" and upgrade some items.. But every time I open up "The Hoard" I just cant bring myself to find any item that I would really call Junk.. I love them All... Oh What to do..

 

My intent was to hold all of the coins I had from before and all of the coins that I had found searching rolls. Today I changed my attitude and sold off the majority of the 40% halves I've found in the last 5 months. I was offered 2.87 per coin which is more than I've been able to get anywhere else so I decided to sell. I figure that when/if silver drops, I'll use that cash to buy in again with something more desireable.....or I'll use the money to buy some coins that I wouldn't buy otherwise.

 

Always buying, just make sure it is for the right price. Isn't there about to be some kind of vote to 1099 PM sellers at all $$ levels?

 

Persoally, I have been releasing small quantities of my silver each week or so and using that money to buy things I want for my collection. Right now silver is doing very well and other coins are not. This is giving me a chance to grab some key dates at prices that would not have been possible a couple of years ago with profit from my silver that wasn't there at that time either. It looks like the best of both worlds for a collector right now ?

At least I am completing some sets and staying busy doing it. Investment wise, who knows ? But it's something I can do on a small scale that keeps me active and involved for now.

 

Things like this may signal investor caution ahead of time to sell


Yahoo! News

Is gold's record-setting prices a warning sign of our fragile global economy? [Video link]

 

would go with just holding and waiting (however knowing when silver for example is at its max..

 

I'm just consistently adding to my holdings in both gold and silver. Don't intend to sell....yet. I think we've still got a ways to go!