what is your sell point for silver?

I ran into a dealer I totally trust and he asked if i have any junk silver. He said bring it on by and let me make an offer. we are above $20 and I am really tempted. Any thoughts? I just may cash in some silver.

 

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Someone said on here their sell point is $50.. personally I'm planning on selling a bit at $30.. if it falls to $18 I'll probably sell a little just incase but hold back for the return of the high 20s.

 

The fact that the dealer wants your "junk" silver [is there really such a thing?] should tell you something. Silver might be high compared to where it has been for a long time, but it's not as high as it looks. I don't think you can set a price target. You have to just watch the market. As long as annual silver consumption exceeds mine production and as long as economic policies support lower dollar levels, silver is at least a hold if not a buy. There is no doubt that silver prices will fluctuate a lot, and some people will plan to and claim to successfully buy and sell it. For me, I just plan to keep what I have and opportunistically add some when the opportunity arises. This past week I was able to purchase some MS/AU Canadian silver dollars from the 50s and early 60s for $8.75 each. Not too bad. Your dealer has already caught on to the silver situation, but not everyone has yet.

 

$300, but only if it gets there before the end of 2008.

 

I'll probably sell in the middle of 2010.
Reason being I will have graduated with a bachelors, and my money will have run out, so I'll need some for Grad School.
Then again, depends on if I get scholarship or not... and lots of things. but tentatively I plan on selling in Mid-Late 2010. We'll see what its at then. lol

 

I just got 10 more ASE 2007 UNC's today @21.95 each ordered them like
Feb 14th just under the wire. I picked up 50 nice Morgans and Peace Dollars at our local show 2 months ago for 11.50 each. If it hits 30 I may get rid of the bulk stuff

 

It has come and gone for me I'm afraid.

 

I've sold/am selling all the silver I'm not enamored with - duplicates, and stuff that I bought for a time like this.

Remember the saying: In any kind of market, the bulls and bears will both make money - it is only the pigs that get slaughtered.

 

It is $20 for the masses that were carrying around bags of change today at the show for sure........I saw a ton of 90% cross the tables today I bet

 

great reminder, thanks.

 

I'll sell my bullion at $40.
I think silver will slowly rise to $50, within the next 5 years.
After alternate fuels are perfected and our dependancy on oil eases, the marketplace will boom.
I believe that boom will be 5-8 years away, so precious metals will be a safe bet until then.
I completely blame the current state of the economy on the price of oil.
Although, I cannot complain about the rise of metals.
Just my thoughts...

 

My selling point will probably be too late, and long after the market peaks and then turns down.

 

I'd love to see that but think the big oil companies will do EVERYTHING in their power to prevent it.

That aside I'll sell when it starts taking a nosedive but I don't see that for a while.
Profit will go into restocking silver at lower prices.

I haven't bought silver in ages. Most of what I have I paid $5-6 for and as high as $7-8 for ASE's. The last time I sold gold was at about $600 and silver at around $13. The gold/silver ratio was between 43-45% so I dumped some silver and bought a few ounces of gold. Figured I really only had about $300 into the gold with the profit from silver.

Silver is rising faster than gold percentage wise so I'll keep the silver. If it hits $35-40 then starts diving I will dump it as stated. I'll still be ahead and able to restock without losing anything. I HOPEl

 

I will sell when I need to sell. All of my profit comes from buying and then selling. I can't hold onto that much cause I need that capital to purchase more. If you can continue to buy silver and make 50 cents an oz then I would say sell all you have and turn your money twice a week. That is my goal at least.

 

Danr, I haven't given it much thought. I just accumulate and don't liquidate. When it hits $200 an ounce I might consider it...

Take Care Hoss
Ben

 

I just got rid of

100 50c walking liberty's at 11.5 =$575
20 50c Franklins at 11.5 = $115
50 10c mercs at 12 = $60
150 10c Roosevelt's at 12 = $180

I think the next selling point will be $30 for silver and $1,500 for gold

I am thinking at this point the way that analysts are talking I sold out too fast with my bulk silver. but i am investing in gold more so than silver from now on, but i will definently keep my out for decent silver prices, (wish i could have gotten in on that special for the franklin's not too long ago

 

usually goes down faster than it goes up

 

this is a great little report about the oil bubble (under 5 minutes)

http://www.npr.org/templates/story/story.php?storyId=87991822

 

Oil and silver have a lot in common. The general public perceives that there is a lot of it around, but doesn't quite grasp that demand exceeds supply and is likely to for years to come. Obvioulsy, at some price this situation will correct itself for both materials, but we aren't there yet.

 

Listen to that link, there is a surplus of oil and speculation is what is keeping it high (this is a bubble).