Greetings everyone, The last few weeks I have been buy a good bit of silver and am likely about to buy a bit more this weekend. I know prices are pretty high right now but I guess I just believe that we haven't seen the end just yet. I don't have any friends or relatives who are into PM investing so I wanted to see what everyone else is doing on here. Are you buying, selling or holding right now? I figured a poll would be the easiest way to track it - first I've tried so hopefully this works
I did sell some Morgans and $20.00 Balboas at the Whitman show today, however I'm not selling anymore for awhile. So holding after sales today.
I am always buying silver art bars when I find the ones that I want to add to my collection. I bought today and I plan to buy more silver art bars in the future but I am very selective as to what silver art bars that I am buying. EDIT: Actually I did sell a few silver art bars to a local dealer a couple of days ago. I usually do not sell but these were silver art bars that I no longer wanted and I sold those to a local dealer for a small profit and I used the proceeds to buy silver art bars that were on my silver art bar wish list.
I sold a bit each week, but am not doing anything more than staying active. Now that I know that AMPACS (one of silver brokers that advertise on Coin talk) doesn't have any Washington quarters to deliver, I am going to sit on mine for a bit.
I bought more PM several weeks ago. More to balance my investment ratio than anything else. I'll hold on to it and not sell for a few years unless something startling occurs. It's a good inflation hedge and, if anything, I'll buy even more if I see the dollar taking a big drop in value during 2011. If you are in it for the long haul even at today's prices, you won't have to sell short. IMHO.
I am holding currently. I collect as well as invest in PMs, so I've been concentrating on base metal coin series and higher grade silver coins which haven't yet been affected by the higher silver prices.
I bought alot of silver when it was $24.90ish and got in last monday and am so far happy with my investment but I plan on holding for at least 2 years
Holding ATM. I have already rounded up the stuff i will part with when i feel the time is right. IMO that time is NOT now. Most of my silver was acquired when spot was under $7, and i purchased some more when it was in the $15 range so it is tempting but i think you just might see $50 and up depending on certain economic factors here in the US.
I am holding because everything I have I wanted to buy for me whether it is "junk silver" or PCGS graded coins. I plan on purchasing more junk silver for a silver investment but I like all my coins, and even though some might be junk silver coins they have more value to me then the silver content in the coin.
I am buying and holding. I kinda have a feel for what my threshold is for both gold/silver.....before I stop buying and just hold.... It always comes down to "can I just get one more coin" mentality.....and God help us all if there are talks about QE3....
Thanks for the responses everyone - looks like i'm not the only one who thinks we are not done yet I just like how the poll adds up to 114.28%
I try to go with what I have learned. The price of metals today is reflecting the purchasing power of the dollar. There's no way gold would be this much if the dollar index was at 100 for example. (or maybe it can if someone can show me how) I've only been on this site for one year now. And when I started gold was $990-$1000. And even back then there were members waiting for it to go to $800.... Now it's closing in on $1400....do we have members waiting for $1300? How about $1200? What happens when/if gold hits $2,000? Do we still have people waiting for gold to go back to $30 like it once was?
I am still buying. (I bought most of it in the Fall of 2009; however I bought about 120 ozs in the past week.)