Silver Dump Price?

$60-$70 would be tempting, but selling really defeats my purpose for hoarding in the first place.

I mean that is true, but weve had financial crisis before and weve had silver spikes before and they corrected themselves in the long haul. While we may never again see 5 dollar silver its far more likely well see it get back into the 20s than stay at 50+ for good.

Oh, yeah! I could always use more, but I finally have enough PM stacked up that I'm making a significant profit (on paper) every time silver goes up another $1. Well, more or less. I bought half of my silver when it was above the current price, so I have a little ways to go yet...

I'll start selling if silver breaks last years high of around $48.

sell at the highs and rebuy it all when it drops again :)keep all of the money seperate when you sell if possible and reinvest all of it. that way you will own more ounces next time it spikes. I have been collecting for a relativly short time but this definatly looks like a spike. If it continues it seems like a time to sell. It has a high potential to fall crashing down again.

, IGE. Betting that the price will drop back so we can buy our silver back at a lower price fits nicely into the history of PMs but also smacks of "normalcy bias", the belief that future events will be enough like past events that we can safely assume that the past can be used as a guide. This will likely be true... until it isn't! At some point the wheels will come off the central bank / fiat / QE cart and then both gold and silver will be off to the races as never before. Good luck buying it back then!



Well, that is the Keynesian way out but I remain unconvinced that this will work. I'm still looking for an example of Keynesian economics that works in the real world and not just on paper.

What is really needed is a return to capitalism, complete with recessions, bankruptcies, no bail-outs ever, etc. The financial system desperately needs to purge itself of all the excesses that have built up over the past couple of decades but both Fed and gov policies are preventing this from happening. Instead of enduring a short but sharp recession and taking the pain that results, they are instead delaying the day of reckoning when things will eventually be purged but with a lot more pain to go around.

The economy is like a pressure cooker. From time to time, some steam MUST be vented. If it is not, then it WILL explode at some point. They are preventing the steam from escaping and we have entered the RED zone on the pressure dial. Can we say, "Oh, S***!" KA_BOOM! ? If not, we're probably gonna see a 1st class example of it and probably sooner rather than later.

If you have silver or gold in hand, hang onto it. It just might come in REAL handy!

1% for a cash deposit? That' ridiculous!

Take away from your 1% profit:
a). tax,
b). inflation.
That subtracts up to a guaranteed loss!

Small wonder you guys are so much into PM's!
5% of your total investments in PM's would seem to be prudent.

Shares with an excellent track record for dividends would seem to be better.

I have often wondered what would happen if the price ever got up to the $100 mark and everyone that had "Paper Silver" decided to sell or convert the paper silver into physical silver.
I have serious doubts that the silver brokers have enough silver on hand to produce the physical metal for their clients.
If the brokers HAD to find the physical silver then that would push the silver price even higher.
If the price ever got up to $100 I doubt that there would be that many buyers and the brokers would be obliged to either hand out the silver or the cash and I would imagine that that would send them broke.
I can see the obvious advantage of "Paper silver" in the no storage problems and ease of selling But as far as a secure way of delving into PM's it is a bit shaky.
I would rather have my silver "On Hand" than have it in some "Trust Me" brokers hands, I can happily deal with the storage and selling problems myself