silver: hold or sell?

What do you think?


stainless

 

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At $12.02/ounce I'd probably hold... and maybe buy...

Of course that could all change any nanosecond now...

 

It depends. What did you buy it at? If you'll take a loss, why even consider selling. But, if you stand to make a profit...well, you can make a small one now or take a gamble it will go up later and you can make an even bigger one.
Guy~

 

It's all a crap shoot

IMO...Hold and buy. At these low prices there's room for making a profit when the prices swing back toward $20. Of course, the price may go down lower and stay there for a while. This type of speculation is for extra money you would not miss for a while. Try it with a reasonably small amount of money and see if you like all the anxiety awaiting you while you wait for the price to rise. I have, and the price has dropped. So, I wait.

Bruce

 

Hold. If it drops another dollar or two, definitely buy. But that is just my opinion. Dom't blame me if you do that and lose money

 

:headbang:Wait for $4.00 then sell all you got!!:headbang:

 

I think the HIGH has come and gone but it may spike a couple more time before it drops below $10.00, but I do not think the price will go over $13. If you paid more then $12 an oz for what you have then I would hold on to it, if you bought it below $12 then I would sell. Here are a few charts that may help. Good Luck!

 

it would be a joke to sell right now.. a joke. if i had the money, id be buying as much silver as I could

 

don't sell - buy!

 

Buy or sell ?

Oil is down, the dollar is moving up, the stock market is starting to move up. Never try to catch a falling knife.

 

All I can do is sell. Or I can buy at 12-15 face for junk silver. Where is the $12/oz. silver for someone with $100 or less?

For the little guy, where can I get a half-roll of Franklins for $50 or less? Don't say e-bay - yes, some of the auctions sell for that, but most do not.

My dealer is still selling at x12 face for junk silver. I'm sure there are some dealers that sell lower, but I've seen on here and elsewhere that the dealers are also holding silver tight to their chest too.

 

yeah only 28 another 72 to go

 

I have a couple of K-Rands that I have owned since I was a kid, I paid $650 for them in 1980-1 or so, it was only 2 years ago that they were finally worth what I paid for them all those years ago. I am not going to be surprised if gold dips to that level again. There is too much money in commodities now, and the values are inflated.

 

You know, I have thought about that alot during the rise and fall the last couple years. My dad was one of those left holding the bag at $40. Silver could just as easily drop back to three or four dollars and stay there for years.

It's kind of like the old saying "that's why they call it fishing not catching".

 

Notice that silver is going down more precipitously than gold, often they were in the 1:50 range, gold vs. silver, now it is more like 1:62 or something. Gold is still overvalued currently, the predictions are that $760 is likely and $700 is possible.

 

I'm sure that a few people bought silver back in 1980 at $40+, but that's really irrelevant to today. They purchased it during the final phase of a blow-off. If you want to avoid having this happen to you, make sure you don't buy any silver once the price begins to move up several dollars per day for a few weeks. We aren't in that situation.

Your cost basis is also irrelevant to the buy/sell decision. It doesn't matter whether you bought at $5 or $20. What matters is the probability of gain vs the probability of loss from this point on. I think it is more likely to be higher than lower a few years from now. Everyone will have to make that determination for themselves.

That said, silver is still pretty cheap on an inflation adjusted basis, probably equal to about $3-$4 in late 70s purchasing power.

 

The problem with PM's is people want to make a quick bet, and then take their quick cash. The problem with that is unless you get your investing advice from radio ads you are investing in PM's for the wrong reason.

PM's are considered to be MONEY without inflation. Sure there are high's and lows, and the market can be swayed by many factors including "bets" that have nothing to do with physical metal. Also the gold and silver markets are much smaller than other commodities so the PM markets are volitile and unpredictable.

Instead of thinking about wether gold and silver are over-valued you should think about the value of the currency you do most of your business in. Where is the US Dollar going? Is inflation on the rise?

Also do research into what causes the price swings. Is it the buying and selling of precious metals?

For example right now is a very interesting time in PMs. Gold and Silver bullion is selling for large premiums over their respective spot price compared with just a few months ago. Why?

My personal view is that the PM markets are being depressed because of the paper markets. If you could buy PM's at or near spot, and they were readily available this would not be so.

The US Dollar has recently been subject to much EUROPEAN gov investment. We have recently had a small run up in the Dollar. Look at a chart over the last 5 years to put that run up in perspective. The Dolllar has been spiraling downward since 2001. Why do you thin PM's have went up? The Dollar is in a free-fall because the US GOV thinks we are playing Monopoly and dipping into the bank is just a game.

PM's are a good investment if you want to perserve your wealth with a tangible asset. PM's are a good investment is you think the US Dollar will continue it's over-all downward trend. PM's are a good asset if you believe that gold and silver are money, and will return to money one day.

All FIAT money systems have collapsed in less than 50 years. In 1971 the US Dollar was decoupled from GOLD. PM's have went on a nice ride ever since. IS it possible for the US Dollar to collapse? Are you comfortable with the FDIC? Is your bank safe? What is your Dollar really worth? Who benefits from inflation? Why does inflation happen? Why do central banks hold gold and silver? Why don't you hold gold and silver?

 

Metals

I am not sure under valued or over valued could not be replaced with supply and demand.
The psychogical impact of those who collect VS those who trade is very different.
Asia is keeping the need for building materials ( copper ) etc. high as the need for fuel.
Our presence of mind is to make a mass effort to not talk about an energy policy, it is to produce such. This is in the majority of all Americans.
The fact that we are finally going down this road has a very large psychogical impact on cetain commodities with out having done much but set a stage for the future.
It also raises a concern with single product nations that we can change the leverage on prices.
The dollar gains a bit but the Euro Nations are starting to feel a slow down. This has to bring their Euro down letting the dollar move up. A real move in the dollar will come when an overall energy policy is on the table .

 

there will be another upturn this month. After that happens I would be tempted to sell. But for right now Buy!!!