...and down she goes (again)!

I accumulated mine between $5-$20, but didn't sell at $45-$49. Perhaps I should have, but all my silver is numismatic silver and I just can't part with it once I get it.

It's a sickness...I know.

 

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Well...I'll give you one guess what I've done with the profits of my selling....
:devil: I save it and buy more when it is low! And when silver is high and I happen to have extra cash and I feel like buying something, I add to my numismatic items - either type coins, nice toners, or my true obsession...Canadian large cents. But the main point is when it is high, I DON'T BUY SILVER!

I'm with you on that too...all I sold was junk, generic bars and rounds, and my lower-end eagles as far as marks and whatnot.

 

I remember in May of 2011 I went to a local show and I was selling rolls of 90% junk halves at 32x. Just later that day they killed Bin Laden and the slide downwards started. So there was some luck involved, but as I said I am not too concerned with tops and bottoms...just with buying while the trend is low and selling while the trend is high. And when I do sell, I take the profits and buy more when it is low.

If Bin Laden wasn't killed that day and silver went up higher and 2 months later I could have gotten 40x for my halves...would I have been upset that I only managed to sell mine at 32x? Nope. It is all about trends and the long-term. I don't care about specifics or getting ornery if I made $18 per ounce instead of the $24 I could have made. I have double the stash I used to have and it barely cost me anything to increase it. That, folks, is the name of the game. Accumulation and total amount. And almost always do the opposite of what most of the populace does... Most people were finally getting in at 35+ or 40+, not getting out. It was WAY to late to be getting in, and a good time to get out.

This is a long-term game folks. If you want the chance of quick profits, forget about silver and take your check to the casino.