So who's selling at $25???

I was lurking on here back when a lot of members were waiting for $20 to hit to unload different portions of their silver. I see a few different guys at work that keep saying that they are getting out at $25. I'm up in the air on this. I don't have of "whole" lot invested in silver like some people, but I do stand to make a few bucks an oz. if I sell at $25. I'm thinking if I'm on the fence of maybe selling off 1/2 then. What is everyone thinking on this?

 

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I'm thinking the same, but I'm using a ratio of silver to gold to get an idea of when to sell. If gold stays 1380, this puts the silver around 25.30. So, sure, but if gold keeps going up, I'd like to wait and let the ratio let me know when to sell.

But, I'm only thinking of selling 1/3. If the market crashes and takes silver with it again, you'll be happy you did.

 

Everyone has different goals. Some are selling to acquire other PMs, and others are getting key dates or other coins that they want. Myself.....I`m in it for the long haul. I want no part of this pathetic dollar in a deplorable economy.
What would I buy even I were to sell right now? More crap from China? A new car that can depreciate and get eaten by the salt that my county uses on the roads? All of it amounts up to nothing with me. At least the PMs have ALWAYS had value......Make mine .999.

 

Selling at $25?

It seems unreasonable for silver to have soared so quickly with no pullback. I am only offered a premium for US eagles, so I have no intention to sell. Sloat was offering $16 for Morgans and Peace dollars today, no premium there with over 3/4 oz. per coin. The dealers are cautious as well, because they can afford to be. It's easy to be so focussed on the money and not enjoy your life.

 

I don't mean to get this sidetracked, but as someone who's fairly new to the hobby, I am curious what silver was at a few years ago? I'm trying to put the current prices in perspective. I think it's been around $20 ever since I started paying attention.

 

Bought in little-by-little over a number of years at different prices, expect to exit by selling little-by-little at different prices as PMs rise.

Suggest not to attempt to capture the highest price as PMs peak, but to take profits on the way up.

 

Historic PM charts are available online, here are Silver charts back to 1792 that you can select for review from Kitco.com Charts - Historical Silver

Main: Kitco.com/charts

 

Much cheaper a few years back. I just started to get into the hobby this year and it makes me cry to see how cheap silver was only 10 years ago! Only if I would have started then....

 

I sold a bunch of 40% halves last week when silver was just over 23 I think. I could have sold to Apmex for 3.05 per coin but sold locally for 2.87 per coin. I realize that was under melt but around me you're lucky to get anything over 2 bucks for 40% coins. Hindsight being what it is, I wish I had sold half and kept half.

 

Slicks outta here

Rather than have my kin sell them at face I'm making a collection of slicks.

Not much of a plan but I can live with it.

 

Don't worry, been buying since 95. After 2000 every year was more expensive! Still kept buying, until now. I'm probably going to wait until sometime Nov, since I'm expecting a pullback any time now. I do think that the recent uptick in price would set the new floor at 19-22, vs 17-20. Nothing ever goes "to da moon" overnight, every time it did the ones who bought high were left with nothing but tulips in the end.

 

Define a bunch. Are you talking 200 or 2000? Why did you not want to sell to APMEX. I know there's the shipping charge and you have to wait for your money but I have found that they seem to offer better prices than local dealers.

 

Selling to Apmex also requires a minimum amount, $1000 I believe.

 

I sold a little at $22. I will probably sell a small amount this weekend. Maybe a couple of rolls of quarters ? Just to see where it goes and what happens ?

 

I have been selling a bit off every week, but mostly the 40% halves I have been pulling from circulation over the last year. I plan to keep most of my 90% and all of my ASE long term. Unless silver goes really crazy like $40-$50, then I will definately rethink my strategy.

 

Hell in order to actually get $25 dollars an oz from a coin shop silver would have to reach some crazy prices!! It's insane to think you can make more than a few bucks profit from selling your silver for smelt value!! Intiendes, Mendes?

 

That's the kicker isn't it? I thought I was buying high at $19/oz. If it goes as usual with me, if I sell at $25 it will go to $35 and if I buy at $25 it will drop to $15. Without any facts or real experience behind it, I just can't see it going "too" much higher. I figure I can sell some off and pocket the profit and then buy lower when it dips. But, I'm still going to keep some because I will be wrong and it will still sore up in price. Then I will be happy that I only sold off 1/2 of my stack!!!

 

Start now or else you will be saying the same thing in 10 more years. One of the pieces of advise I agree with is to buy a little on a regular basis. That way you can even out the dips and rises. Of course now I can say I wish I would have bought a lot more 10 years ago, but that's how everyone feels. Good luck.

 

One of the hardest things to get used to with any investment is not looking back. I am in PMs and the stock market long term, but I figure I should take some profit now while the price is high, just in case it goes back down and stays there for a long time. I may potentially miss out on some gains, but most of the silver I am selling I got for face value. I sold all of my generic rounds about two years ago for $10oz, but I bought them 10yrs ago for $4-5. I wish I didn't, but double your money is never a bad thing.

 

It's funny you say that bigjpst, I was buying silver as close as I could $10 oz 2 years ago saying to my wife she should to because it's going to shoot way up, now she is wishing she had bought some with me I still spend most of my profits on her, so she gains either way LOL