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<p>[QUOTE=&quot;medoraman, post: 1148424, member: 26302&quot;]Well I have just sold 10 ounces or so, holding onto to much more out of circumstance more than anything, (SD boxes another state away and I lost the key <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />). I woul dnot have been sick selling for $24, $28, or $34 though since there is a distinct difference between physical PM and stocks and bonds. When a stock goes up, you pay market, when going down, you sell at market. For physical PM, you pay a premium going up. To sell when going down, you sell at a discount to market, sometimes 10-20% discount. </p><p><br /></p><p>Knowing this, is it silly to sell into a rising market if you believe long term it will come back down? No, its just prudent divestment. Let&#039;s say PM bulls are right, and it goes up to $50. If it goes back down to $39 and someone wished to sell, the price they will receive will be much lower than they would receive today. This happened in the 1980&#039;s and on other occasions. PM&#039;s have a much larger buy/sell spread that is very much impacted by public sentiment. Stock market heats up, another investment gains favor, and you will see offer prices on physical PM&#039;s drop lower and lower.</p><p><br /></p><p>Just my two cents.</p><p><br /></p><p>Edit: Personally I love what Cole did. Divest from an inflated asset and acquired collectible coins when their market is pretty quiet. If I was to do that with US coins, I think I may look at old commemoratives, as they are really quiet right now, but have history of gettin red hot at times.[/QUOTE]</p><p><br /></p>

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