Silver getting crushed today

Are we talking Dollar Cost Selling? Ie. selling monthly but not a big load?

 

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I would probably start selling a little as a time as the price starts approaching $50 and continue to do so until I felt I had divested of enough. No way I would sell a huge amount at once as the tax hit would be horrendous.

 

I think I will let it all go at $35.01 to one place at one time over and Done! If I can get a brink truck to carry it all and an excavator to dig it all up, And a treasure map to find it all!

 

I forget who exactly said this [Warren Buffett maybe?] "I love paying taxes; it means I made a profit."

 

I buy ASE,S strictly for the bullion content, unless you want to get them graded
But not a fan of grading any bullion coin either, just think those premiums are
Bit iffy and the recovering side.

 

We were at this point about 3 months ago were we not, Not to often I can sit at PC drink coffee and say I am making money!!

 

actually we were a little bit higher than we are now


..
how quickly we forget

 

Not a matter of forgetting as much as a matter of not needing to remember. For several years now we have been bouncing around in a relatively narrow range and there is no real need to know exactly where we are in within it.

 

For some,
For others they track this stuff.
It helps people understand/estimate potential sell, hold or buy levels.

 

Buy when I have money, sell a little when it gets to $45, hold until then. No, need to monitor it with a microscope.

 

Try not to do that. If you sell a fixed dollar amount every month, you're guaranteeing that you sell more when the price is lower and less when the price is higher -- the exact opposite of what you want.

 

thus your sell price is $45

for other people, it could and probably is different.
Mine is much lower. I don't value having a silver hoard.
I value silver as a storage of wealth and a form of balance sheet leverage. At which time I could reduce that storage of wealth if a little profit is to be made. I've recently readjusted my portfolio a bit for improved increase of wealth. I don't value silver or gold as a method of increasing one's wealth within a short time frame. Of course, selling my Congrats sets is an anomaly, but so are large jumps in stock price near quarterly results time.

Thus selling my ASEs with a buy around $16 and sell around $20 for me is a good result because a run to $30 or $45 may not be any time soon.

I also don't track PMs with any precision like I do my stock/bond portfolio. PMs aren't even on my spreadsheet .. it's just fun to watch.

But, every one is different.

 

I agree Claw, I like to watch the silver market for fun and reference. I Have an email set up if it drops below $15.78 it lets me know if it rises to $22.45 it lets me know so No reason to watch, Not addicted to watching just something to do. I can admit I know a lot more from watching it for the last year or so as far as what kind of things can make it go up and Go down and those sticky finger moments where No one really know. Ha Ha

 

I have some alerts set but I can't help but check it during the day a few times. I'm a desk jockey at work so not a big deal.

 

I would not say it is $45. When it approaches that I will consider it but it all depends on many other factors. I probably won't consider selling before then unless a dire emergency happens.

I have an investment portfolio which I use for any short term funds I may need and I check that regularly (but not daily), making adjustments as needed. But even that has not had any withdrawals in many years.

 

Silver has life ..

 

$18.50 is when I said I would sell some, I take it back! $22.00 now!

 

That's why I say I will consider it at $45. If the S/G ratio drops enough I may sell some before then but only to convert it to gold.

 

Gold is at $1,349, silver at $18.15!

 

Any of you gold folks have a price to sell in the back of your head?