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<p>[QUOTE="libertylover, post: 1145858, member: 30183"]Bad move, Ned. Because now you are looking for a place to park the cash. Eagles more typically sell for $4-$6 over spot and the trend is UP. Now that you have sold you should buy some more silver. Good luck finding it that cheap. You now have to bear two transaction costs. One to sell and one to buy. Still your best move right now.</p><p> </p><p>The only good reason to sell silver at this time is because you need to pay some bills, which requires cash immediately. I am talking bullion, which I consider Eagles to be the premier example of. </p><p> </p><p>If you have silver with numismatic value, I would sell on a different schedule (now is probably OK). It may not pay to be holding collectible silver during hyperinflation. Bullion silver - you betcha - but numismatics will tank. People will have no money for luxuries like collectible coins. Their numismatic component of value will shrink a lot. People will be worried about survival. Nobody will want to sell you food for worhless government paper. Small silver coins will be the best barter instrument on the planet.</p><p> </p><p>Buy silver.[/QUOTE]</p><p><br /></p>
[QUOTE="libertylover, post: 1145858, member: 30183"]Bad move, Ned. Because now you are looking for a place to park the cash. Eagles more typically sell for $4-$6 over spot and the trend is UP. Now that you have sold you should buy some more silver. Good luck finding it that cheap. You now have to bear two transaction costs. One to sell and one to buy. Still your best move right now. The only good reason to sell silver at this time is because you need to pay some bills, which requires cash immediately. I am talking bullion, which I consider Eagles to be the premier example of. If you have silver with numismatic value, I would sell on a different schedule (now is probably OK). It may not pay to be holding collectible silver during hyperinflation. Bullion silver - you betcha - but numismatics will tank. People will have no money for luxuries like collectible coins. Their numismatic component of value will shrink a lot. People will be worried about survival. Nobody will want to sell you food for worhless government paper. Small silver coins will be the best barter instrument on the planet. Buy silver.[/QUOTE]
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