Buy, Sell or Hold? what are you doing with your silver?

I think i am going to sell most of my silver. I think that silver could go a bit higher but i would rather sell near the peak then miss it after the price drops off a cliff to below $15.

 

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The only silver I'll be selling is some odds & ends like a bunch of Merc's that I've had laying around for years. I really don't collect them, and it's about time to part company.

Chris

 

What makes you think you will be seeing a price at or below $15?

 

I thought I might sell a few rolls of Washingtons ? But I really would only do it for something to do to keep active. Dumb reason, I know. But sometimes you feel you need to swap some cents with someone. I mean a big part of our hobby is moving things around. Sell duplicates and buy things you want.

If that makes any sense at all ?

gary

 

The $15 is a "worst case" scenario, but i do think we will see some sort of pull back to below $20 for sure.

 

I am selling and buying. Selling off bulk and buying specific dates.

 

That is entirely possible in the short run, though I feel there is much more room for performance in the near term. Will be interesting to review this thread a year from now to see where things stand.

 

It's interesting as this 'Bullion Investing' forum thread seems to already be showing collectors are selling bullion (junk silver) to acquire, finance, trade for collectible coins, perhaps even collectible coins with precious metals content.

Haven't seen any pure investor related perspectives chime in yet.

 

I had a very long and thorough explanation of why I`m going to continue buying silver even when it hits the $30 mark, but my connection timed out...so here`s a far more concise version.

I don`t see either party being radical enough to make a serious difference. Both are bought and paid for by special interest groups. The jobs are not coming back....We can`t take China on, they own roughly 1 trillion of Our debt. They`ll dump Our treasuries in a second if We tried to get tough.

Too much demand for silver in industry with very few legitimate alternatives. The future applications are as bright as the metal itself.

Silver is far more affordable than any of the other PMs. We`re seeing more diversification regarding ownership as well. China has seen an increase in the demand for silver jewelry, as gold is staying at its current high levels. The rest of the world may follow that trend too.

No optimism regarding America`s future.....people are finally waking out of their slumber and giving up on the dollar. Sure things could happen to change the markets temporarily, (like the Republicans gaining the majority of seats this Nov.) but it won`t last. Once oil is no longer traded on the dollar....watch what happens to the PMs.

I`m not a person who likes to project pessimism and negativity.....I am however a realist, and I don`t see America returning to the "glory days." I can only wish it would. Until then though.....Make mine .999. : )

 

The current administration is doing nothing but printing money 24/7. PM have no where to go but up. Just based on the economy, I don’t think it’s a reach to see $50/oz silver by this time next year. So I say hold for the next two years at least.

Steve

 

I am still buying silver but specific 1-oz silver art bars that are on my wish list.

 

For many years, my plan has been to purchase silver up to $20. Now that it is over that number, I won't be adding very much silver. However, I have no plan to sell since $20 seems to be about the minimum price required to provide the incentives to explore for and mine silver. Otherwise, the increasing demand for silver will have to be satisfied by byproduct silver, which seems unlikely to work in the long run.

 

Still buying junk silver and anything I can find at (what I consider) a value. I am thinking about trading some junk silver for some gold though. I saw two older gold coins and they are calling to me...

 

I own 1000 oz of silver. I'm in for about 18.50 an oz. If silver hits 38.00 I'll sell half to get my intital investment back. I'll then put that money into something else, or use the cash to buy a car (if I need one. two older cars in my family. just a matter of time.)

I'll just sit on the other 500 oz for a while. I'm pretty confident silver will reach 38.00. Just a matter of how long its going to take.

 

im in right now for $18.66/oz, im a buy and hold guy. im not buying at the pace i was a few months ago, just adding little chunks here and there. i will continue to hold if it shoots to $50 and back down to $25 im still there. its a no brainer for me because what else am i gonna get my money into, nothing. ive given it hard thought and theres really nothing else that i want my money into right now.

 

The dollar remains because other countries are devaluing their currency so our products are not the lowest price.
Japan , Russia, Saudi Arabia and others but not China.China already keeps its currency artificially low.

 

I think silver still has some upside potential, even at $21.00/oz. I'm buying junk silver, ASEs and avg circulated Morgan and Peace dollars. Heck it's even getting harder to find avg circulated Peace and Morgans for much under $20 any more. Spot melt value on these coins is approaching $17.00.
If you can get your hands on common date B/U Morgans and Peace dollars for under $30 that's a great buy now too. The increase in bullion value will push the price of these coins up.

 

+1

 

This is a buyer's market for silver. In 1980, I read 15 pieces of silver was equal to one piece of gold of the same weight and fineness. Based on the price of gold currently, silver should be $85 an ounce. Now that we're seeing some movement in silver again and inflation finally breaking out (they can't control it any longer I think) I think silver is only at the beginning of its hike up the mountain. This is a buyer's market for silver! BUY BUY BUY!!!!

 

What I've been doing for a while now is cashing in my pocket change for larger bills, then when I get a little bit saved up, buy some silver. Kinda like cost averaging.