Go silver go! Of course that will probably trigger a massive sell off so expect it to drop back a bit...
It looks like it's time to sell some stuff. Anyone interested in buying 100 - 1960-1964 proof half dollars still in individual cello? How about 100 proof quarters in individual cello from the same sets? Or, 100 dimes from the same sets? Chris
I'm curious to see if this has a psychological effect on the silver market. I've had psychological problems since $25 :help!A:
Since you've had psych problems ever since $25, I'll give you $21/oz for all your silver. Maybe that will make you feel better. Chris
Howdy, I think that we'll eventually see MUCH higher prices than 1475 and 40 but wonder how much of this current surge is due to the budgetary impass in Washington. Nevertheless - life is good. ;-) peace, rono
Anyone selling silver now will be just like the people on the "to those that sold their silver" thread. Telling everyone they're not upset for selling at $30 even though silver is up 33% since then and the $$$ the received are down 15% or more depending on how you calculate inflation. I don't think it's a bad move to sell silver IF: 1. You've got somewhere better to put it. Cash is an investment, just like silver. This is a VERY dangerous truth not to understand completely. 2. You NEED the $$$ now to maintain your livelihood. Grocery stores and gas stations don't take PMs yet. Other than that, selling now would be a mistake, just like it was at $30. All of the major central banks are hoarding because the fiat experiment is coming to an end. The little guy hasn't even entered the market yet. How high will the price go when PMs gain similar popularity to stocks? Fundamentals still look strong at these prices. And the #1 reason not to sell is that PMs are one of the only true ways to diversify out of paper. You've got stocks, bonds, and cash. Isn't it wise to keep some wealth in PMs just in case those doom and gloomers are right? I sincerely hope they're wrong. I'd love to see silver/gold prices crash because oil and food prices will crash along with them. PMs are a hedge against the things you buy every day.
I've been selling a small percentage of my holdings at various benchmarks - $20, $25, $35 and now $40. If it goes back down, I'll re-purchase at the same benchmarks. If it goes up, I'll sell a little more. It reduces risk and gives me options in either direction.
Hold it for the long term. Silver isn't done. I think what we are witnessing now is THE course correction in silver, what it SHOULD be at. But alas I'm no expert.
I dont think the $40 or even $50 levels will represent any kind of true psychological barrier. Maybe it will to the 0.1% of the world's population that invest in physical metals, but not to the 100% of central banks and TBTF banks who are really driving the price. The jig is up on fiat currencies. It's been a nice 40 year run, but the world is going back to real money soon and the banks know that it's ALL about ounces, not about price.
I agree. As I've said before, I do not think we are witnessing a bubble in PM's, but rather a collapse in the dollar bubble.
That is NOT what I like to see. I'm not done buying and have no intentions of selling for years so why would high prices be good for me now? BAH~ Where's that $5 silver again when you need it?
