Silver Dump Price?

As in, at what price per ounce would I sell ALL my non-commemorative/numismatic silver?

$40. The whole lot. Turn it all into gold/palladium.

Anjohl. I think your thought is similar to mine. If I ever want to have a really significant amount of of precious metals in dollar term I personally would need to hold more than silver I think because of storage and size concerns. But maybe I am wrong.

I realize that but I am not yet comfortable with having any large amount stored in my house. Gold would also be easier to hide within a home.

Here is all the Silver I have in my house currently.

I already keep a safety deposit box so I figure why not use it.

Timing can be critical to success in investing but it is a very difficult thing to actually manage correctly. If you can do it at times, you should do very well with your trades. Agree 100% that the coming election will be a very big deal in the investing world. It is definitely a wild card, no matter how the election turns out.



I know what you mean. Most of us want to shape our collections in various ways at times, so selling off some of the things that don't quite fit with what we want to do is a good thing. If you can do that at a good price, why not?



Agreed! A slow steady sustainable rise appeals to me as well. A sudden spike, such as we had back around 1980-81 is not especially helpful unless you can use it to unload a good part of your collection.

During the early 1980s, the gold and silver mania was on and lots of stores were taking gold and silver in trade for their goods. I was into target shooting big-time back then and really wanted to buy a Colt Python. It was a $500 gun back then, which was just more than I could afford. They would take $15 in US 90% silver coins for it, though. Imagine... 30 half dollars! Too bad that I did not have any saved up at that time!

I blame that more on the entitlement society weve created with politicians than the fed. A lot of programs like welfare started out with good intentions but have been manipulated far beyond the intent of the program to buy votes. The fed hasnt always done the best job though.




Its spikes like that in the 80s and then hitting 50 for a brief time that lead me to believe that unloading would be the best bet for now depending on when it happens. I dont really want to do it around election time but if it happens in the next two weeks ill dump.

Im a little more skeptical of the price at the moment just because of how it got there. Quick rises over a week or two make me skeptical of the current staying power whereas a slow steady rise over time I would accept as more of an actual market move. Both of silvers high points came fast and were gone almost as quickly.

When I see it jumping dollars at a time I dont believe thats a true market shift. Too high of a daily percentage jump imo. But if it went a few cents a day for a while that would be more reflective of the market. In this way I see a lot of similarities with stocks. A great earnings report will make a price see a huge jump, yet days later its usually settled down a bit. Even if it settles a little higher than now you still come out ahead in most instances selling then rebuying when it settles

If we were taking about 100s of ounces or 1000s of ounces I may be a little more hesitant to dump, although I would probably dump enough so that what I kept was essentially free and start over with that

On a related note...

Let's say, for the sake of argument, that silver suddenly hits $100/ounce for whatever reason and we all decide to sell as much as we can. Where do we find buyers that are willing to buy at (or even near) that price? I suspect the local coin and pawn shops won't have enough cash on hand to make us all millionaires. Do you think people on ebay would be willing to keep buying at that price, or will everybody be trying to sell instead?

It's hard to say, I guess. When silver hit $40 last years, I think sales stayed strong for awhile as people expected the price to keep going up and folks wanted to jump on the bandwagon. But that didn't last for very long, did it?