At what price will you sell your silver?

At what price will you be willing to sell your silver? Where do you see silver topping out at in the near future?

 

Log in or Sign up to hide this ad.

I'll sell at 20$ an ounce, nothing less though

 

I have no opinion about the short run. In the long run, I expect to sell my silver for something above $100 per ounce.

 

How much you offering?

 

Haha. Not looking to buy, looking to sell.

 

Lemme guess...you are (or used to be) in the Navy?

 

I'm in the navy... I don't get it.

 

i am with you on that, but only to consolidate and refocus my silver holdings. i picked up so many randoms along the way.

 

how long til that happens you estimate?

 

Im using my silver and gold as bullion as capital preservation. Im in my late 40's and I want a tangible asset to fall back on during my golden years. I don't have a very good feeling about my 401 and IRA accounts. If you don't hold it in your hand you don't own it. I don't trust the the wall street folks or even the feds. Some day it will come down to Bullion and Bullets. He or she that has the most wins.

 

Amen. Now your talkin brother. encil:encil:encil:

 

Props to the Navy...just wondering how he chose his name.

 

Never in the Navy. I used to play rugby, scrum half was the position I played.

 

Cool! ...didn't know that. I thought it was Navy jargon. :thumb:

 

Nobody can answer that question. Back in the 70s the major part of the legendary silver price rise took about one year, rising from around $5 to $50, although to be fair it didn't stay at $50 long enough fror many people to sell. Once a bull market gets started in a small commodity like silver, it can rise farther and faster than anyone can possibly imagine. The people who sell at $20 may regret missing their one big chance in life to make a significant profit in a relatively short period of time. You don't get many chances like this one -- assuming I'm right.

 

Good Luck, or

Good Luck, or was this supposed to be funny ha-ha.

 

Thanks. In all seriousness, that's my silver target for this cycle. Since silver already reached $50 about 30 years ago when silver inventories were much larger than today, and factoring in 3 decades of inflation on top of that, it really isn't too difficult to forecast. If/when it does happen, it will happen quickly, so you will have to be positioned ahead of time. Find a silver chart from the late 70s and study it. History obviously won't exactly repeat itself, but things are moving in that direction.

 

to dispose my modern commemorative silver dollars dated 1980's (contained .77 oz of silver) for which my average cost is around $23.00. i have to sell the silver at $30.00 per ounce in order to get back my cost. and for silver dollars dated 2000's. i have to sell it at $43.00 per ounce.

 

Maybe you should consider the gold/silver ratio instead. When the ratio is low, trade silver for gold.....when the ratio gets high, trade the gold back into silver....you get free ounces that way.

As an example, a few months ago I traded 1 ounce philharmonic gold coin for 70 buffalo rounds....G/S ratio was 70:1. Pretty soon I will trade those 70 rounds for equal ratio of gold at hopefully say 35-40:1. Then when the ratio goes back up to 70-80:1, I will trade the gold back into silver....if I time it right, may possibly have 75% increase in silver rounds after shipping costs. This is a long term play and doing it on this small scale may not be a good example, but that is my plan.

 

that sounds great to me