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<p>[QUOTE=&quot;Bluesboy65, post: 1110282, member: 23329&quot;]I think there are a lot of valid strategies for taking some profits at the recent &quot;fresh&quot; 31 year highs.&nbsp; I have used this strategy in trading stocks and will get in and out with a quick 10% win.&nbsp; I hold metals as more of an insurance policy against the loss of value of our currency.&nbsp; I don&#039;t suspect a total meltdown of the dollar but I think there is a real possibility the value of the dollar could move steadily lower given the many issues it faces.&nbsp; So if the price of silver were to go to $50 I would not sell.&nbsp; I will begin liquidating my position when the Fed funds rate rises to the level of the &quot;old CPI&quot; inflation rate (the one used in the 70&#039;s) OR when inflation is in check and the Federal budget is not only balanced but we begin making real progress on reducing our debt (by both cutting spending and reaping rewards of a healthy economy).&nbsp; I believe these events will mark the high point of the precious metals bubble.</p><p><br /></p><p>So it&#039;s kind of my self-insurance plan.&nbsp; If I miss the top, I&#039;m OK.&nbsp; I&#039;ll still have my silver and if I never had to use it then I will have still enjoyed the benefit of living in great economic times.&nbsp; If events do trigger a sell, I will have some resources to offset the challenges of a bad economy.</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>

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