Would you sell your Silver Bullion at $49 in 2015/6?

I wonder who would SELL their silver stash of 100+ ozt if Silver Spot again topped $48. sometime in the next couple of years. Maybe you'd settle for less?

2011: # of Days (including weekends, prior close) Silver Spot was OVER USD$ 40. ~65
2011: # of Days (including weekends, prior close) Silver Spot was OVER USD$ 45. ~11
2011: # of Days (including weekends, prior close) Silver Spot was OVER USD$ 49. ~2

Alleged Sale by stacker in 2011, found on another site:
"When silver hit 49 I did manage to get out at 44 my price received. Discount was steep spot just over 46."

 

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Since I paid less than $6/oz. for about 90% of it, I would absolutely sell in the neighborhood of $40+, but I wouldn't start buying again unless it dropped below $20.

Chris

 

If silver goes up to $49 I could sell half the stack which would leave me with some cash to play with and a nice batch of silver that cost me nothing.

 

If you bought silver for <$6/oz. you have probably been holding it for some time. Silver got around $49 a few years ago. Why would you sell if silver got to $49 again, but didn't sell last time? I personally sold a large amount of my silver holdings right around $46/oz.

 

Because at that time I was still actively collecting. My accumulation of (non-coin)silver consisted mainly of medals rather than bullion. Now, I am subsisting on Social (In)Security, have ceased buying coins and medals and am slowly selling all of my collections (when the timing is right).

Chris

 

I could not predict as it would depend on the world situation(s) at that time. The situation in 2011 WAS very drastic, the BRIC nations figured they would be the world's reserve currency by now, and gold and silver reflecting it, but it doesn't seem it will happen in the next decade without a 'black swan world event". It would take a larger amount of world problems than I see at this time for the next 5 years to not sell at $50, but if a person is making an unknowing decision to sell at a set price they are speculating rather than investing in my view.

 

What about you OP? Do you have a silver stash?

 

I'd sell my bullion, such as rounds, ingots, and whatever I have by that time. I've already gotten around 30 oz. in .999 silver. Every 1-2 weeks I add to the bullion, bit by bit. There's little reason to get rid of my beautiful collectible coins I've worked so hard for.

I'll hold onto Morgan dollars, their premiums could only end up higher if I sit another 40-50 years from now. I can eventually see little relevance between silver price and coin value when I retire. I'm only 22, a long road ahead of me! Bullion, bye bye if it hits $100! But coins, NO. lol

 

I might trade half my silver for gold if silver hits $49 and gold is still under $1600

 

I'd sell 50-60% of my stash and reinvest the money into a few choice early U.S. coins.

 

I would not sell any of my silver coins. I have been collecting since 1969 when silver occasionally could still be found in circulation, especially a Kennedy half dollar.

 

back in april of '11 i sold about 95% of what i had for $40 an ounce.

 

If gold was say $1500 or lower at that time, I'd probably swap out some silver for it.

 

Probably not.

 

I'd be looking to cash out at 30% dividend so at $49 I'd be offloading if not completely done. I enjoy picking up silver bullion coins but at the end of the day a nice profit is a nice profit and the knowledge you acquired along the way will always pay an even higher lifetime dividend.

 

I picked "about 25%." If silver went there, odds are gold would be following behind in the shadows. Most likely gold would not be as elevated in terms of % appreciation. I'd peel off some silver profit and stage it in gold or platinum until the price returns to normal and convert it back.

 

Id sell at 19.00 a oz

 

Really?

Except you were not quite 12.5 years old then. You were 12, not 13.

Hat tip - jeffB spotted several "inconruencies" on another thread about banking. The messed up "age" appears elsewhere too, rounding down?

 

i guess i exaggerated that story a little bit. i was 12, not 13. My grandfather got me into buying silver coins when i was about 9, and by the time i was 10 i was spending every dollar i got on silver at Flea Mart, including $700 of birthday and Christmas money i had gotten in November and December of '08 (i remember because my mom was pissed that i spent $700 in one place). In total i probably spent more like $1200 - $1300, and not all of it was at $7 an ounce, a lot of it was closer to $10-$12. i didn't really pay attention to silver prices back then, but my grandfather told me i should sell all my silver (he sold his at the same time) and took me to the LCS. i got $40 an ounce on 108 ozt, a little over $4300.
and i did re-buy some silver when it was in the $30 - $35 range, but i bought the bulk of it at $25 and below.

 

Long story bro. A little bit lol
But it was your grandMOTHER who was giving you silver coins. That's what all your posts say.

Which dealers at Flea Mart?
http://www.kcfleamart.com/