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 Replies: 90 / Views: 6,312 |
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Pillar of the Community
United Kingdom
616 Posts |
If you are planning to, at what price would you start selling Silver. For me I think somewhere in the $38/oz. would get me to sell some.
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Bedrock of the Community
Australia
21788 Posts |
Interest rates involve a time factor. The $38 may come in 3 months, or 3 years.
Waiting for a particular price may NOT be the best strategy.
I bet you that you WOULD sell, if the price was $38 in 3 months' time.
But what if it wasn't, and you had no way of knowing that it will be $38 in 4 months' time?
What would you do with the cash that you sold your silver for $38 for? Buy more silver?
You need to be far more logical and dispassionate than that!
Far better to look at the price history over the time you are considering to invest, and to consider things like the 50 and 200 day moving price averages.
Keep a detailed record of exactly how much silver you have bought, and WHEN you bought it. Use dollar cost averaging buying and selling techniques, to get into, and out of a silver position,
Also good to maintain working relationship with someone who will buy from you at a fair current price, at short notice.
Edited by sel_69l
09/07/2012 11:51 am
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Pillar of the Community
 United Kingdom
616 Posts |
Sorry if I wasn't clear, I was basically speaking in relationship to the current rally. I understand and appreciate your points but I probably approach it from a bit of a different aspect.
Edited by starbuxinvestor
09/07/2012 11:53 am
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Pillar of the Community
United States
1454 Posts |
Probably not selling, but if I were, it would be around $40-42.
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Pillar of the Community
United States
3540 Posts |
....trying to predict the future?
If you are making a profit, why not sell? This is one of the ways I support my numismatic coin habit.
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Valued Member
United States
89 Posts |
I'd start a small amount of selling around $50 and notch it up at $60 (I may be waiting a while). I still buy at these levels and hit the sidelines somewhere in between.
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Pillar of the Community
United States
1454 Posts |
Quote:
If you are making a profit, why not sell? I'm an American. So obviously I want a bigger profit.  Edited by traevin
09/07/2012 2:40 pm
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Bedrock of the Community
13014 Posts |
Ill sell my generic silver at 40 for sure, and if it happens to hit 50 I'm selling my 5oz bullion pucks and bullion ASEs then ill buy them back when it drops back down again
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Pillar of the Community
Canada
3692 Posts |
The problem with buying them back as the price drops is that the supply can get fuddled up. The supply might not be there when you want to buy because all of those people who bought at $50 are stuck with them once the price drops to the high twenties, which it has. At that point I would be buying gold, not silver.
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Bedrock of the Community
United States
36745 Posts |
I won't sell any unless I have to. I would rather have the money sitting in silver than in a bank at 1%.
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Pillar of the Community
United Kingdom
616 Posts |
Libertad are suggesting there wouldn't be a supply of ASEs available if the price drops?
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Bedrock of the Community
United States
36745 Posts |
We are on a bull run right now because of global money printing. You might see shortages as buying by the public picks up. That will increase the premium you'll have to pay over spot to get them. The same case when prices drop, those that bought at higher prices want more premium to help cover the loss or they will just hold off selling them creating a shortage.
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Bedrock of the Community
13014 Posts |
If it hits 50 and drops back to where its been for the most part the last few months you can pay a pretty good premium and still come out ahead. If the supply is dried up its only tempoary just like last time. Even those that bought at 50 will soon get impatient and not want to sit on it for months at a time and will start selling and be done with it. You'd have a better chance of making the money back being smart with the 30 or so you'd get then hoping it climbs again when you couild be waiting months or years
Edited by basebal21
09/07/2012 4:33 pm
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Bedrock of the Community
United States
36745 Posts |
Every one assumes things will remain the same and that you can depend on charts to guide you. Things in the financial world continue to get worse globally, plus no one knows for sure just how rigged the COMEX is. I for one am not willing to bet that I can sell now and buy back cheaper later. Too many things can happen in the near future to possibly prevent that.
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Pillar of the Community
United Kingdom
616 Posts |
I am assuming most large buyers use some form of leverage in their business which makes holding large quanaties for long periods difficult.
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Pillar of the Community
United States
5853 Posts |
Quote:
I won't sell any unless I have to. I would rather have the money sitting in silver than in a bank at 1%.  I'm stacking for the long haul. |
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Replies: 90 / Views: 6,312 |
Posted 09/07/2012 11:22 am
