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Should i sell some of my silver?
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<p>[QUOTE="medoraman, post: 1689247, member: 26302"]Yeah, but we tried to warn them, right sir? We said over and over its a buy and hold, don't get upset if it drops, think of it as a buying opportunity if it goes down. </p><p><br /></p><p>A friend at work has a son in law who just 5 months ago liquidated his 401k and bought silver. All in. This is the reason I argued on this board to people about just this very action of "backing up the truck". Even today, with lower prices, I would still argue to not do that. Go ahead and buy some at this price point, everyone has their own idea of fair value of anything, but don't go "all in" at almost any price point. The risk is pretty steep. Yes, if you get it perfect, you can hit a home run. I try to hit singles instead, since the risk of swinging for the fences and striking out is pretty severe at this stage of my life.</p><p><br /></p><p>To be honest, I am a hoarder. I buy, I like to buy, that is my "thing". I also love silver, always have. These last few years have kind of peeved me off, stopping me from buying because of my predisposition against the price of PM. Get prices down into levels I believe are fair value, and you guys are seriously going to be sick of me talking about the piles of coins I bought at melt. I know some are sick of me already on PM boards, but at least you will be sick of me for another reason. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1689247, member: 26302"]Yeah, but we tried to warn them, right sir? We said over and over its a buy and hold, don't get upset if it drops, think of it as a buying opportunity if it goes down. A friend at work has a son in law who just 5 months ago liquidated his 401k and bought silver. All in. This is the reason I argued on this board to people about just this very action of "backing up the truck". Even today, with lower prices, I would still argue to not do that. Go ahead and buy some at this price point, everyone has their own idea of fair value of anything, but don't go "all in" at almost any price point. The risk is pretty steep. Yes, if you get it perfect, you can hit a home run. I try to hit singles instead, since the risk of swinging for the fences and striking out is pretty severe at this stage of my life. To be honest, I am a hoarder. I buy, I like to buy, that is my "thing". I also love silver, always have. These last few years have kind of peeved me off, stopping me from buying because of my predisposition against the price of PM. Get prices down into levels I believe are fair value, and you guys are seriously going to be sick of me talking about the piles of coins I bought at melt. I know some are sick of me already on PM boards, but at least you will be sick of me for another reason. :)[/QUOTE]
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Should i sell some of my silver?
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