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 Replies: 25 / Views: 5,678 |
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Pillar of the Community
 United States
964 Posts |
@Agrippa Yeah I know. If it hits $100/oz, hopefully the world isn't ending!! but if it gets to $1000/oz, then yes it is going to be Barter City!! Remember the movie Steve Martin was in, the Jerk? If the world is about to end I'll be like him while I'm walking out of the house. "I don't need anything except my gun.....I don't need anything except my gun and these bullets....I don't need anything except this gun, these bullets, and these silver coins...."  Edited by Mr Click
05/21/2014 4:20 pm
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Valued Member
United States
174 Posts |
WILL it hit $100? Of course it will! Will that $100 buy you what it will buy you today... maybe, maybe not.
WHEN it hits $60, I sell everything made after 1950ish, which is about 1/2 of what I have. I hold the rest for the long haul.
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Pillar of the Community
United States
964 Posts |
Boy was I waaaayyyy OFF! I should have said what will you do when it hits $13/ounce!  |
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Pillar of the Community
 United States
5828 Posts |
Wow, I'll say! It has certainly come down enough where it's safe to say that within these next 10 years, silver will not rise above (or close to) $100 per ounce!
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Pillar of the Community
United States
964 Posts |
 I like your Santa Lincoln! |
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Valued Member
United States
154 Posts |
One of my goals is to be able to stay stable in a downturn. If I lost my job, I'd be able to feed my family and pay the mortgage even in a bad economy.
If silver was $100/oz, that would be a VERY bad economy.
I'd sell the 40% first.
I'd definitely sell in small groups, because if silver went to that price, prices would fluctuate so much that you'd want to hold on to the PMs as long as you can.
I'd rather sell at $75 an ounce on the way down than $50 on the way up when it has a LOT more room to grow.
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Pillar of the Community
United States
1189 Posts |
If PMs ever skyrocket I'll likely sell most of my circulated coins that aren't part of a set. I'd still hold onto my uncirculated and slabs, I'd like to pass those down to my kids one day.
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Pillar of the Community
United States
858 Posts |
I'd sell some but agree, economically, with fistfulladirt
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Pillar of the Community
United States
5208 Posts |
If silver hits even $50 / ounce I am selling everything except the coins in my albums. Every duplicate is fair game for the smelter.
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Pillar of the Community
United States
937 Posts |
what silver I had was bought at $10 and I sold it at $33 when it was falling. When silver falls and stays below $13 for awhile I will consider buying again.
I do not think that it will hit $100 in my lifetime but one can never tell Sweeden my try to concour the world next year and everything will go to 'ell in a handbasket.
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Replies: 25 / Views: 5,678 |
First Page
Posted 05/21/2014 8:28 pm
