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 Replies: 61 / Views: 5,975 |
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Rest in Peace
United States
9104 Posts |
Picking a selling price isn't easy. Not because of greed, but because of the market that created the price.
If silver went to $100 in a couple months, it would normally be time to sell to the bare walls. However, if the price of other things (gas, housing, food, etc) also doubled in that time, then silver is really just treading water, and you might as well hold it as something else, and certainly you're better off with ag than cash.
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Pillar of the Community
United States
4008 Posts |
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...and you might as well hold it as something else, and certainly you're better off with ag than cash. - BiggFredd Absolutely, Fred. Picking an exit point is a tricky matter. I've invested for a long time now and have always had an easier time picking a decent buying point than a decent selling point. A few times, I will buy a stock and only plan to hold it for a few months. My goal there is to try for a 25-40% gain before selling. Unless I have a sell point in mind, though, I tend to "let 'em ride" longer than I should. Just need to remind myself that when a sell point is per-determined and reached, it needs to be acted on and not reconsidered every day.  |
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Rest in Peace
United States
9104 Posts |
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I did and do the most foolish of all, as I did not read any books I get tons of emails with great investment ideas that only require $49-4995 subscriptions to be in my hot little hands. Or a free read at stockgumshoe.com |
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Rest in Peace
United States
9104 Posts |
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Now that would be an expensive sandwich!
Ask for booze or salads with gold in them. GNC and similar sell colloidal silver--silver you eat. |
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Rest in Peace
United States
9104 Posts |
Remember tht there are different SHTF scenarios. Having some protection against any of them is better than crossing your fingers.
Hyperinflation tends to be relatively short-lived. People get real tired real fast about hourly price changes and bartering. Offer something that might work, and you'll get support. This is how Hitler came to power, incidentially.
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Pillar of the Community
Canada
3692 Posts |
There are some deep psychological effects when it gets to 60-75. If it were to shoot to 99 we would see a huge correction. $55 is where I think it should be but what do I know. I'd like to get it cheaper but I'm still buying at $45. I'm starting to think that proofs may be the way to go in terms of "collecting" and not so much "hoarding".
Sorry, did "packs of cigarettes" exist when the founding fathers were around? I thought that machine-rolled cigarettes were only invented and mass-produced at around the late 19th century.
Edited by Libertad
09/08/2011 2:53 pm
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Valued Member
United States
362 Posts |
My sell point is when I need the money really...
But I told myself that if silver every hit 75$, I would sell about half of my stash
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Pillar of the Community
United States
4008 Posts |
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Hyperinflation tends to be relatively short-lived. People get real tired real fast about hourly price changes and bartering. Offer something that might work, and you'll get support. This is how Hitler came to power, incidentially. Now there is something to look forward to... as in NOT. :-/ Quote:
Remember tht there are different SHTF scenarios. Having some protection against any of them is better than crossing your fingers. Indeed there are and "hope" is not a plan. |
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Pillar of the Community
United States
3592 Posts |
I've already sold what I wanted to sell. I bought like crazy for about a year until it hit $17. Then when it hit $34, I sold enough to pay off my initial investment. Now I'm just sitting on the rest with no real plan.
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Valued Member
Canada
497 Posts |
With the local and world economies worsening and fiat currency loosing value daily, I think I'll be holding my silver for a long time. Maybe when there is a new world currency instead of the U.S. dollar or the Euro it will be time to re-evaluate my position on PM. I don't have a set sell price, I have a set goal for stable world economies and currencies.
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Rest in Peace
United States
9104 Posts |
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This is how Hitler came to power, incidentially. Now there is something to look forward to... as in NOT. :-/ Too late. I was reading a magazine today where July 21, 2011 was the pivot date. Basically, the yurro was designed to put the weaker countries in a bind where Germany had to bail them out. Greece has either had to sell or release control of everything of value as collateral for the bailout. The next domino is Cyprus, and then Germany has a straight shot at Jerusalem and Israel. All they need is a "strongman" as German leader, like Hitler was. I'll cover this in another thread. Skeered me, and I ain't skeered of nuttin. |
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Valued Member
United States
302 Posts |
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All they need is a "strongman" as German leader, like Hitler was. A couple of likely candidates are 1) Karl Theodor von- und zu-Guttenberg 2) Edmund Stoiber Both are Bavarians as is Joseph Ratzinger. Bavaria is also where Hitler hailed from, though he was not born there. |
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Pillar of the Community
United States
4008 Posts |
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Now I'm just sitting on the rest with no real plan. This is referred to as "playing with the house's money" and is a very desirable position to be in. Good job on that.  Quote:
Too late. I was reading a magazine today where July 21, 2011 was the pivot date. Basically, the yurro was designed to put the weaker countries in a bind where Germany had to bail them out.
Greece has either had to sell or release control of everything of value as collateral for the bailout. The next domino is Cyprus, and then Germany has a straight shot at Jerusalem and Israel. So, are you saying that the Euro is a ploy that is being used to create German European domination? What does Israel have to do with it? |
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Rest in Peace
United States
9104 Posts |
Who lives in Israel, and just happen to be mortal enemies of the German power structure?
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Valued Member
United States
458 Posts |
50 dollars an ounce and I shall sell any extra silver coins I have. (Washington, Rosies, Silver Bullion Coins, etc.) This is because I like to complete sets, and am only interested in Silver as an investment. Gotta pay for my college tuition somehow...
Edited by SilverCoinBoi
09/10/2011 12:08 pm
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Replies: 61 / Views: 5,975 |
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Posted 04/29/2011 11:08 pm
