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<p>[QUOTE="BusterHighman, post: 1149812, member: 29945"]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 $$$ the received are down 15% or more depending on how you calculate inflation. </p><p><br /></p><p>I don't think it's a bad move to sell silver IF:</p><p><br /></p><p>1. You've got somewhere better to put it. Cash is an investment, just like silver. This is a VERY dangerous truth not to understand completely. </p><p><br /></p><p>2. You NEED the $$$ now to maintain your livelihood. Grocery stores and gas stations don't take PMs yet. </p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="BusterHighman, post: 1149812, member: 29945"]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.[/QUOTE]
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