When should I sell my silver

Let's keep this simple.

What is your opinion? Example: Next month, next week etc.
Why? Example: The world is going to end.

 

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I'll sell my silver right after I sell my wife.

 

Good point

Want to give me a general date haha

 

Try to sell in mid June before QE2 ends. Then wait for the price to drop, the economy to fall out and QE3 be anounced and then load the truck back up. Or just keep your silver for 20 years.

 

QE3 IS happening, the question is.... When.....

 

With the rate of inflation going double digit and devaluation of US currency by QE plans, Selling PM's is going to cost you money. Price drops will only be short term corrections with the floor raising parallel to the ratcheting price of energy. Money can only be earned through trading. Buying and selling right now can be profitable, if you closely follow the trends. Computer management of portfolios makes it easier because it's more appearant when profit taking is going on. IMHO

gary

 

The answer to your question depends on your own personal financial situation. Do you need cash in the near future? If so, it might be a good time to sell. After all, silver is at 30 year highs.

If not, I would hold onto your silver. I think it's still got a ways to go. Silver's all time high of $50 was set back in 1980. If that number is adjusted for inflation in the ensuing 30 years, it would be equivalent to about $128 in today's dollars. Past performance is no prediction of the future, but it's a good frame of reference.

 

I started lightening up on my holdings last November. If the price continues to rise, I'll continue to sell off a little at a time each month. While I expect PM prices to continue to rise [perhaps by a lot], the danger is far greater now than several years ago.

 

When you can't sleep at night worrying about losing much of your paper gains when it dumps.

 

In my case never. It will be up to my children when my numismatic collection and bullion gets sold. It's just another part of a "Trust Fund" I have set up for them.

 

Sounds like you are DCA down your silver position Cloud.

To the OP, its always a personal decision based on your perception of the market and your need for the cash. Lets just suppose you are worried about the market but don't know where it will go. I would take a part of your silver each month and sell. This way if it keeps going up you will get higher and higher prices, if it drops at least you sold some at the higher markets. Just like Cloud is doing.

 

well right now, I'm sitting on about $100 face value of silver half dollars, 40%ers. I just wanted to know when to maximize my profits.

 

So does the rest of the world. There is an old saying, "Nobody rings a bell at the top." Sell when you find something better to do with the money. Or sell when you see a buying panic develop with silver moving up dollars per day. You won't catch the top, so give up trying.

 

$41.35/oz as of right now isn't good enough

 

I sell when I can take a profit. The fun for me is the hunt for more coins or silver not being a hoarder of silver. I keep my rare coins that would be hard to replace if I sold them. But as far as 90% silver which can be replaced after silver drops I sell when I can make a profit. And if you think silver might go higher try selling part of your holdings so if silver drops you do not lose as much. Its the same as you are taught with stocks, if after buying a stock it goes up and you can sell part of you shares to get your initial investment back then with the remaining shares you have none of your own money invested.

 

It may be. And don't forget that you don't have to sell all at once. You could sell some now and the rest later.

 

Don't "sell" your silver until after the current dollar dies. Silver and gold have been considered money for thousands of years, and it's arrogant of the central bankers to assume that it will never be money again. Let's all pay close attention to public sentiment of ANY fiat currency once the dollar loses it's reserve status and is no longer accepted by foreign countries for oil and other goods.

 

You should be buying more while you can. It's not about price. It's about ounces. You've got about 70 ounces and should be looking to accumulate more. It means something when the Gov't prints a few trillion extra dollars. We are just starting to see major inflation and people are talking about selling. Oil has gone up 20% in the last 3 months and is showing no signs of stopping. Will we get to 80% inflation for the year? I don't know, but I do know that oil and silver prices appear to be moving in relative tandem. If the dollar price of your silver falls, it likely means that the dollar price of your gas and food are falling as well. Silver provides you with some protection in the likely event that commodity prices continue to rise.

 

Sell ? When you need the money.

 

This is my first investment. I'm just testing the waters.