silver value per/oz.?

okay, so i have looked and it seems that silver is going up? i'm new to the graphs so i am confused on those... so i have three questions:

1. should i sell?
2. if not, when should i sell?
3. should i buy, if not when?

i have 2 kennedys' and on franklin, 3 mercury dimes and 4 roosevelt dime at the time.



thanks!

 

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It is really very simple. Buy low and sell high.

If you think silver is at or near its peak you should sell. If you think silver prices will continue to rise you should buy.

 

so, when it gets to about where the peak was last, you want to sell, and when it is low you buy?

how low with the market go, and how high will it go?

 

It can go as low as $0.01 per oz and as high as $??????????????.00 per oz.

 

well, what is the usual low?

 

No such thing!

Check the history at Kitco.

 

I generally follow the markets every week. It's really a crapshoot, its like gambling to an extent. If you think it has hot its peak, then sell. And vice versa. There's really no "when to buy/sell silver for dummies" guide out there. To be successful, you have to be the smart investor and do research. Pull up old market metrics/graphs from the last 5 years, this will give you a good indicator when the silver prices move. All I know is that silver generally ramps up during the holiday season, let's call it increased industrial usage or whatever. Hope this helps.

 

Definetly a gamble but with your coins it's not a big deal since thats not even two ounces so you don't have much to worry about (No offence) but it matters more to the people with hyndreds of ounces, but hey, anyone can do it. I would stake at at $40 ounce then sell.

 

What's the rush? Hang on to it. Wait till you have a real big pile.

 

If the market was as predictable as you seem to think it is we would all be rich. The reality is that every time you buy someone has to sell. If you are buying silver you must think it has potential to go higher. The seller (unless he is forced to sell for some reason) must think silver is near the peak and it is a good time to get out. Anybody can look at a chart and see what silver has done but the people that make money investing in silver are good at predicting which direction the price of silver will take.

 

Keep stacking. :smile. TC

 

Well said hobo. Even I couldn't have predicted the flat avg. $30 level the last 3+ weeks. Especially after the wild swings back earlier in the year.

 

People hold onto old premises so that sometimes they are self-fulfilling. $50 was a big deal level, and many had decided to cash it in at that level and go to puts ( bets it would fall), and it did. Same for gold, couldn't hold $1900, and certainly would have a very hard time with $2000. Could get there, but it will have to be very gradual since it almost certainly be sociopolitical in cause otherwise. I don't currently hold silver investments as I do not put much value in it being necessary for monetary stability, and the demand doesn't outweigh the current supply IMO. As long as one of the major currencies ( USD, Euro, Yen, etc. ) is strong, fear money will go there. Only when all are equally problematic does fear money go into physical gold. I am not saying silver and gold can not increase in pricing ( bull market), nor that in decades it can reach ridiculous levels, just that currently, I see no real reason for radical changes geopolitically. I feel it can go either way over the next few months. IMO.

Jim

 

It really depends what your goal is. Are you trying to turn a profit, or are you trying to stack in the most cost effective manner? If you are accumulating, then $35 is a fine time to buy. It's still pretty close to where it started on the year, and I doubt we will see it get below $30 again after the new year based on the longterm bull trendlines. In the recent move to $30 silver was more oversold than it had been at any point in this bull run, even far more so than in 2008. If you're trying to turn a profit, keep in mind you're going to pay over spot, and likely sell under spot, so you are going to need close to a $5 gain just to break even. If profit is your goal then I would only buy right now with the mindset that it could potentially take a while to sell at the price you want.

 

Miz,

Don't put all your faith in charts. There are chart-people who do very well, and then there are others who try to duplicate that by figuring out the charts and what they mean, and some do ok and others don't. Basically, charts are not the end all and be all of figuring out when to move in a market.

For someone who has little to no experience in it, and not too many coins to try to convert to a profit, I would say that you have to simply decide which point (price per ounce) for YOU is a worthwhile sell point, and conversely, what is a Buy price.

For example, with melt-value Rosies, if you get them for less than a dollar each (the silver ones) and have the opportunity to sell them at 2.80 each (which is 28X value, based on a higher price of silver, say about 40.00/oz) and can be happy with that profit, then certainly sell when you have that chance, and don't wait for it to go higher, because it could easily go lower.
But if you determine that you don't want to sell before it gets to where you have 34X value, then you may have to wait 20 or more years to let it get there, or you may take the lower value and see it go up, and you have to accept that.

In buying, the idea is not only to find the point where you can get it the lowest, but also the points where you are willing to buy, knowing you can wait years for it to increase to a point you would want to sell. Sometimes it is good to have a buy "range" where you say you will buy X number of oz at such and such a price, and if it goes ten percent higher than that, you will buy, but the amount in ounces will be less, etc. until you get to the point where you will not buy until the price lowers again. What you are doing there is "averaging" your buy prices so that in the long run you have a certain range of price you are actually buying everything at. That works also, and can be better than waiting for the "low" point, or fretting over buying too "high".

 

^ Great post.

 

Since the amount of silver you currently own is small, I would recommend that you sell for a couple of reasons:

1. If you aren't sure whether or not to hold onto an asset, it is better to sell it and move the money into something you are more sure about.

2. Selling will give you some experience with this end of the investment process. Some folks here have bought a lot of silver but never sold any. If you haven't actually gone through the process, there could be some nasty surprises in store. Better to experiment and sell a small amount so you have some experience when it comes time to sell a large amount.

 

thanks, kasia. i got all these coins from "the brown box" at my grandparents house. they gave it to me and said that if i found out the code, i could have what's inside of it. and that is where all my coins before 1976 are from. at one point, i had a lot of Morgans, but they were dinged up in real bad shape, and i mean real bad. but i sold it for nearly $275, unfortunately i don't remember how many coins i had, and this was before i started coin collecting. but i have the $275 saved up for college and whenever i move out. my grandparents put $2,500 dollars in there and my sisters account to go to college. planning on being an architect or engineer of some kind.


i love how i can get carried away like this, it's funny how things end up sometimes.

 

I view silver as both an investment and as a survival tool.

If the fiat currencies (USA included) collapse, your silver holdings may keep you and your family alive. A total collapse is unlikely but the debasing of those currencies is accelerating.

As an investment silver is a gamble with the odds on your side. I view silver having more potential than gold. The historical price ratio of gold to silver has been 15:1 prior to this century. Now the ratio is over 50:1. The physical abundance of the two metals is closer to 17:1. The most likely senario going forward is accelerated inflation. But inflation hasn't taken off quite yet. Be patient!

 

i am buying silver from my neighbor soon, almost a pound of it. i get it for 15$ an ounce, for i'm working for him and he hasn't payed me back for he lost his job, so he said he was going to pay me in 1964 silver kennedys. i get 32 of them, so that would equals 14.6 ounces of silver. i'll have a small pile soon!