What Spot Price Would Cause You to Pull the Trigger and Cash Out?

For me, I would probably need $75 for silver and $3,500 for gold.

I'm not even 100% sure I would trade out.

If I saw a bubble and was convinced bubble peaks were in front of me....I'd just not buy stuff....and.....might SHORT the metals by buying a reverse ETF or shorting an ETF.

Would want to see a parabolic rise first.

 

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Its a good question, but a problem for me. I have three issues actually:

1. I am a hoarder
2. PM is part of my long term holdings
3. What would I buy with the cash?

Think about it, if inflation is going up, what is the point of cashing out a hard asset for a depreciating currency? I am with @rte, what are you going to do with the currency that is better than PM? There CAN be an answer to that, if PM went up and I viewed another asset class as a much better investment, that would be a good move. Just generically, I can never answer the question, since I would have to know much more info about inflation and other asset returns. Plus, again, I am a hoarder so I don't really want to sell anyway. They are my SHINIES!

 

So if I am looking at it correctly, it appears gold is up about $250.00 from a month ago. In my mind it’s an artificial high. One brought on by all the craziness in the world and I suspect it will resume a more normalized level shortly after things settle. Heck, it may drop $250.00 overnight. Anyway, I was wondering something. Has anyone ran down to the local dealer and sold during one of these crazy high periods? I know if I was the one running the corner coin shop, I wouldn’t be buying today. Anyone had any luck selling on a super high period?

 

Productive real estate/property. AKA: Land, land, beautiful land.

 

I've been doing it for years on a site where sellers do it one coin at a time, listing their coins at a certain percentage over eBay.

I have large lots that might sit there for a long time just below eBays' addition for taxes/shipping additions.

I sold everything listed the last time it briefly crossed the $2000 Gold level.

The coins were all "raw" coins that I bought in the past, but buyers want to buy at spot when the market corrects sharply.

The majority of the coins were "better dates/grades" that generally couldn't be found on other sites.

I haven't experienced the phenomena yet, but I believe it again will happen!

JMHO

 

Not knowing which direction the economy is heading makes for difficulty when deciding when one might sell their PMs. If someone has debts and by selling their stash could pay off said debts, then that would be a really smart move. Should someone not own a house and by selling their PMs be able to buy one, then that would be a really smart move. But if one owns a home and does not have debts, then hanging on to PMs might prove to be a really really smart thing to do.

 

Its a possibility, but I know Iowa farmland is priced to yield about 2% right now. How attractive is that when inflation is running over 5% and bond yields improve? Not so attractive? Then the price per acre needs to decline sharply until it is attractive again. Farmland can be similar to bonds, great when interest rates are falling, disastrous when increasing.

 

I would cash out at $50 and $3000. I would use it to buy rental property.

 

Buy low, sell when you're out of beer.

 

I have a few gold coins that I wouldn't sell but for the most part, I'd sell I even sold some right here on CT! When I need money, that's when I sell!

 

If this is the beginning of a big decade-long move up in commodities and gold, then your mistake is NOT BUYING.

Think back to the 1970's. Gold went from $35/oz. to about $200 in 1974...then fell back to like $125.

Then it went up 6-fold into early-1980 and has rarely spent time below $300/oz, which is almost 10x the earlier price.

If this is a big move up in gold and Indians and Chinese buyers start buying as they enter the middle class.....plus foreign Central Banks....plus Sovereign Wealth Funds and institutional buyers.....all of a sudden you can see $5,000 in the blink of an eye.

Impossible ? The oil market is larger and more liquid and better-supplied....what if I told you years ago when oil was $50/bbl. that it was going to MINUS -$37/bbl....and then 2 years later would be at $130/bbl ?

You'd have said "Wait here....I have a straight jacket for you."

 

Heresay currently at ~$160/bbl. Invest in straight-jackets?

 

......or selling.

 

But we’re not making more of it, so…

 

I generally agree with this statement. However, land, land, beautiful land appears to be in an ugly bubble at the moment. If land is not in a bubble at these levels it might actually be worse.

 

So you're not selling is what you're saying. At least not in my lifetime.

 

I am investing in steak and chicken right now. The increase has been amazing this year. Going to stack them in my locked freezer.

 

I have some silver I will sell you today, at spot. Any takers?

 

And pray that there aren't power outages.

The only chicken I buy regularly is boneless breasts, and they've been hanging in at $2 a pound or under since before the pandemic. There was a brief shortage during the shutdown, but supplies have been fairly steady since.

 

Bought some boneless, skinless chicken breasts yesterday...on sale...$6.49/lb