What is your Sell strategy?

With the recent run up to $34 it seems some are ready to cash out of at least some of their holdings. Either selling or holding is the right answer as long as people hold true to their strategy and sell discipline. For those of you still holding, what event or price level are you waiting for to sell your silver? We can open this up to the goldbugs as well.

 

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I plan on unloading in stages, to minimize potential losses if silver takes a sudden nose dive. Sell 10-20 @$45/oz, another 10-30 @50/oz, 40-50 @$50/oz, and then a large amount (100-200) if it ever hits $80ish/oz. Most of my silver was purchased at <20/oz so @ 45 it would not take long to recoup most of my inestment, leaving any future sales netting me pure profit.

Just my plans, and as always plans are subject to change.

 

This is one subject where I`m in the minority and have no qualms about it either, but I have no set price to sell my PMs at. The reason being is that I believe eventually the PMs will be traded on a private level (much more than they are now) when society is ultimately forced to simplify itself by various factors, both economically and socially. Now I don`t belief I`ll be able to get everything I may need by trading PMs with local farmers and others, but until Our fiat currency is drastically changed.....I`ll keep my PMs over the dollar. There`s something much more appealing about PMs than fiat currency. (call it genetic if You will)

I believe We will see society gravitate towards more of a simpler life, simply out of necessity. More smaller farms and gardens are already becoming popular in urban backyards.....and is it any surprise? Have any of You looked at the increase in the cost of fruits, vegetables and other produce? Inflation has always been with Us, but this time around it`s going to hit fast. There will be nothing gradual about it.

America, as well as certain parts of Europe can not and will not survive as We are now. Take a look around Us....it does not matter what political party We choose to align Ourselves with.....the problems are beyond politicians. Get used to hearing the words "civil unrest".

But for the record I want to state that I`m not one of these doom & gloomers who were building underground shelters out of buses back in the days of the Y2K paranoia......far from it. I just talk to people on a regular basis and am finding more people gravitating toward the PMs. Ironically most people are starting to embrace the whole idea of regressing back to the days of bartering......and I`m right there with them.

 

I think this the wise strategy when you see that the prices have gone up and if you can cash out now......you can get reasonable profit then i think you should go for it and don't wait for the some miracle to happen and the prices will go to the sky.

 

I've got about 300ozs and would sell at $50/oz. I've only got about $5K in it and if I could get $15K for it? Yeah - it's gone.

 

When silver hit $30 an ounce I started to sell. I put some silver on ebay, 90% quarters and dimes in lots of 5, 10 and 15. I also started selling some silver rounds.
People were paying $2-3 over spot, after eBay and Pay pal fees, I figure I was getting right around spot. But now that silver has started to rocket to $35/oz, people are paying $37/38. I figure I'll hold a little longer and see if I can't sell for close to $40/oz in the next few days.

 

I've already started to sell some mining stocks acquired in 2004, and will continue to sell as prices continue to rise from here. After the stocks are gone, I'll either sell or swap bullion coins depending on what seems reasonable at the time. Nobody is going to ring a bell for you at the top and those who wait for it will end up like the investors in tech stocks in 2000.

 

I'm not sure I have a plan to sell but I am looking for the right point to do a metal swap. I have alot of silver and I would like to trade it for platinum. I'll keep some for barter if the need ever arises.

 

i sell at the lowest price .First i get the Coin i want to sell,then i look at 2 or 3 online auctions and see what the selling price is and if it has bidders.If the Coin was listed forsale on one site for 50 another site 75 and another site 100.I will cut all 3 down and sell for 35.

 

I think there are a lot of valid strategies for taking some profits at the recent "fresh" 31 year highs. I have used this strategy in trading stocks and will get in and out with a quick 10% win. I hold metals as more of an insurance policy against the loss of value of our currency. I don't suspect a total meltdown of the dollar but I think there is a real possibility the value of the dollar could move steadily lower given the many issues it faces. So if the price of silver were to go to $50 I would not sell. I will begin liquidating my position when the Fed funds rate rises to the level of the "old CPI" inflation rate (the one used in the 70's) OR when inflation is in check and the Federal budget is not only balanced but we begin making real progress on reducing our debt (by both cutting spending and reaping rewards of a healthy economy). I believe these events will mark the high point of the precious metals bubble.

So it's kind of my self-insurance plan. If I miss the top, I'm OK. I'll still have my silver and if I never had to use it then I will have still enjoyed the benefit of living in great economic times. If events do trigger a sell, I will have some resources to offset the challenges of a bad economy.

Regards,

Bluesboy65

 

I'm with Evom777. I plan to hold unless we get a PM based currency, it's profitable, and I really need the money. If I were in it for the quick hits I would watch it like a hawk (like I do!) and buy every time it stays the same for a few days, and sell at the new year.

 

Hey jerzey, got anything up and coming for sale

 

I knew that one was coming. Like the avatar! :thumb:

 

My remaining "stuff" is currently being shifted from coins to bullion right now.

My selling strategy is tainted by time because the kids have grown, tuitions have been paid off, they send me a check each month NOT to show up at work (well~I have been used as a "consultant" when the NewBeez get lost) and now I can sort through the change I set aside (pre~64) into my duplicates being either placed on the block or arranged by beauty.

I just wish I'd not let that evicted erotic dancer that lived with me between wives (She found my stash of common pre '64 quarters & half's.) tote them down to the corner store for her cigarettes on a regulars basis for a few months before I found out.

oops~posted this, then realized this is all "Hind Sight".

 

ACTUALLY i do ..Just got a group back from ANACS.However out of respect for this Website i joined i wont make available my Auction name or site Especially since there seems to be eb..ay haters a-plenty here

 

Good posts, I am interested in the HOW as much as WHEN. I will be honest and say I have only sold on Ebay a couple of times, and that was a long time ago when I got checks for it. I will have to see if this is a valid place to sell instead of at a coin show.

As to when, it kind of depends on how much diversification the silver is doing for my portfolio and what else I could do with the money. I bought mine mainly at $4 so whenever I sell it will be a paper gain. I think silver would have to climb further for me to start taking all of the coins out of folders, but I honestly cannot tell you at what price the rolls and bags might go at.

 

I'm pure collector, selling does not interest me. Only my ASE Dansco Album would ever be considered, My Morgans?? Never.
Steve
Course, that could change if I:
Lost my Job,
Needed cash to put food on the table,
Keep our House,
Daughter's College tuition,
Pay Medical bills,

 

Last month I saw an interview with Ron Paul in which He was talking about putting the dollar back on either the gold or silver standard. (In my opinion it is idiocy not having currency backed by anything) It would be nice if it were to happen......Then we could all speculate what would happen to the PMs should that take place.

 

I like Ron Paul for some issues, but this doesn't really make sense. Why do you wish to subject our country to the volatility of mining operations? The US economy was punished pretty severely in the past by having its currency tied to a PM. Think about it, if it is tied to say gold, what happens when suddenly a mine fails and there is a drastic shortage of new gold? I will tell you, your currency will go up in value, making it impossible to pay your mortgage that you took out in cheaper dollars, there will be rioting, etc. Read up about the 1890's and see how good of a deal this can be.

People should be careful what they wish for. I agree Washington is a mess, but we should fix it by getting rid of the abusers, change the system so they aren't able to put us in debt like this, not subject our currency to an artificial limitation that would cause as much harm as good.

By the way, why just PM? Because of history? Why not tie the dollar to the number of fish caught in the great lakes, or number of bales of cotton produced, or any other commodity production cycle?

 

Might I also add "The crime of 1873, the Comstock connection" to the reading list."

Jim