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 Replies: 61 / Views: 5,977 |
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Pillar of the Community
United States
3670 Posts |
Wow, that is right good call Ayejay. Seems like you posted about that a few weeks back now that I think about it So wonder what he has his money tied up in? I heard it was lithium....
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Pillar of the Community
United States
2734 Posts |
Right now, I'm in the " Sell at $150/oz." camp. The 1980 Hunt Brothers peak adjusted for inflation is (currently!  ) $130/oz., once it passes that point the arguments for selling become stronger. Just remember to keep adjusting the Hunt Brothers peak to account for inflation!  |
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Pillar of the Community
United States
4008 Posts |
Quote:I have quite a stash of ASE's and silver bars that I haven't sold yet. I think I have about 500 or 600 ASE's in tubes in the SDB not to mention about 6 or 7 10 ounce bars that I am now going to hold onto for awhile to see what happens in the next few months Wow! Now THAT is what I call a HOARD! Great job on accumulating that and at terrific prices to boot.   |
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Pillar of the Community
United States
1150 Posts |
Why, if silver hit $150, would the argument for selling become stronger?
A lot of our motivation for buying comes from the destruction of the dollar.
You can have your weak, paper, fiat currency that is printed out of thin air 24-7.
I will keep my cold, hard, intrinsically valued metal.
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Pillar of the Community
United States
757 Posts |
no mitch, PMs are for right up until the crash and the resettling that would occur 6 months-3 years later...you sell them and stock up on necessities right before.
do you really think that during some serious tribulation anyone will give a rat's behind about silver when they can't get food? but if you've interpreted correctly, and sold just beforehand, you won't have any trouble with filling your belly.
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Pillar of the Community
United States
4008 Posts |
Quote:
Why, if silver hit $150, would the argument for selling become stronger?
Depends. If you sell that $150/oz. silver and then buy land or something else of intrinsic value, then selling will be just fine. You will have simply converted one asset at a great price into another of high desirability.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
do you really think that during some serious tribulation anyone will give a rat's behind about silver when they can't get food? Come what may, people will still have to interact at some level. If the economy were to completely crash and the US dollar become worthless, we would devolve into a barter economy. Under that system, we would still need something that all would recognize as a medium of exchange, so yes, gold, especially silver, and even copper would have value. I agree that this would be for the longer term and that basic necessities would be required to survive through the short term. Being prepared for the unknown means a lot of things to a lot of people, so gather your supplies carefully. Do not just hoard PMs but also look at your food, clothing, shelter, fuel, security, and medical needs and try to meet them as best you can. |
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Pillar of the Community
United States
1150 Posts |
No, no, no. lol
I AGREE with you guys.
Obviously, you can't eat silver! ;) Well...actually I heard it is good with some provolone melted over it.
In all seriousness, I'm selling some silver (not my core position) when it reaches $100.00 and only if the dollar index is still hovering around 73-74. Then I buy some land and more storable food, ammo and guns. Notice I said more because I'm already stocked on that stuff.
I won't sell if ANY silver if the dollar index drops below 72. In that instance I can see the dollar being beyond recoverable, and any amount of worthless dollars for silver just won't seem worth it.
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Pillar of the Community
United States
757 Posts |
yep agree mitch.
in my position, given that I'm going to school in the fall and don't have a huge income, I can really only prepare to survive some short term unrest--ie about a year--so the plan is to sell off and get all the necessities taken care of. when things settle a bit I may have no silver, but at least I made it through, heh. that's a lot farther than a lot of people will get.
but of course I agree that you'll want to have PMs if you can sell some beforehand and then hold onto another little pile for later. that's the ideal option.
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Pillar of the Community
United States
757 Posts |
Come what may, people will still have to interact at some level. If the economy were to completely crash and the US dollar become worthless, we would devolve into a barter economy. Under that system, we would still need something that all would recognize as a medium of exchange, so yes, gold, especially silver, and even copper would have value. I agree that this would be for the longer term and that basic necessities would be required to survive through the short term. Being prepared for the unknown means a lot of things to a lot of people, so gather your supplies carefully. Do not just hoard PMs but also look at your food, clothing, shelter, fuel, security, and medical needs and try to meet them as best you can.
agree. people will be bartering in the short term for necessary goods, not metals (unless they need to weld something, etc.).
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Pillar of the Community
United States
931 Posts |
It's just like stock trading. If you sell when is the time to get back in? Silver may never get back to six dollars per ounce so that you can do it all over again.
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Pillar of the Community
United States
931 Posts |
It's just like stock trading. If you sell when is the time to get back in? Silver may never get back to six dollars per ounce so that you can do it all over again.
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Pillar of the Community
United States
2734 Posts |
Why sell silver at $150? Because once it's past the Hunt Bros. peak adjusted for inflation, the arguments for it being overvalued would be strong. I doubt I'd ever sell all of my silver anyway... Remember, "Buy Low, Sell High"  More specifically, "Buy what's undervalued, Sell what's overvalued" |
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Pillar of the Community
United States
4008 Posts |
Quote:
Obviously, you can't eat silver! ;) Well...actually I heard it is good with some provolone melted over it. - Mitch Now that would be an expensive sandwich!  Quote:
In all seriousness, I'm selling some silver (not my core position) when it reaches $100.00 and only if the dollar index is still hovering around 73-74.
Never be afraid of selling something and taking a profit. I learned a long time ago that prices on many things bounce up and down, so sell when you think the time is right based on the best info you have at the time, put the profits to good use, and don't look back.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
It's just like stock trading. If you sell when is the time to get back in? Silver may never get back to six dollars per ounce so that you can do it all over again. - Junior Now that is a great question. Unfortunately, there is no real answer to it. I suppose that one way to handle it would be to not get back into that particular investment but find another one that has good potential for gains and go with that.  |
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Replies: 61 / Views: 5,977 |
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Posted 04/27/2011 8:17 pm
