Lets Just Say...

I would hold it if silver hit $100. By that time gold might be so high that most people can't or won't buy it, so I would assume a continued climb in silver.

In that event, I would look at my silver in three different ways.

1st up would be the stuff that I am not really attached to, so selling it would not be difficult. Local coin shops would likely buy it.

2nd would be my SIVR silver ETF. Half a dozen mouse clicks and it is sold.

3rd would be my core holdings. Not gonna sell that. It is my SHTF insurance policy and short of that, I'm keeping it.

Probably no one. That is why you don't wait. Better to sell early than not at all.

And like the previous poster said, don't sell at all if it is your insurance.

$2000 is a major psychological resistance point just like $1000 was. So, yes, I would expect the same result if gold went to $2000.

Likewise, $1000 is now the psychological support point, so it is not likely to go below that except maybe for short spurts.

And if I had any gold that I wanted to sell, I would now be scaling out of it in anticipation of scaling back in starting around $1300.

Here are two gold charts to look at: http://www.commoditycharts.com/char...e=CANDLE&a=M and http://www.commoditycharts.com/char...=M&scale=LOG

I bought all of my gold when it was at $700 per ounce in October of 2008, almost at the exact bottom.

Here are the two corresponding silver charts. Note that the percentage drop in silver was about 60% versus the 30% in gold. If that repeats, you would see $20 silver, which is pretty close to what I expect.

http://www.commoditycharts.com/char...=M&scale=LIN and http://www.commoditycharts.com/char...=M&density=M

Gold is basically a monetary metal. Silver is basically an industrial metal with monetary uses.

The monetary values go up and down in tandem. The industrial part of silver is probably what propels silver in wider swings versus gold.

My preference is silver coins for several reasons. First, they are more affordable. Second, they are easier to buy and sell. Third, if SHTF, they are more spendable. Fourth, there is less likelihood of government confiscation. Fifth, they are easily identifiable.

The biggest downside to silver is the portability value. Large values are not all that portable. A bag of silver coins is harder to move than the equivalent 15 Krugerrands.

What you can do is watch the gold/silver ratio. When the ratio is high, buy silver. When the ratio is low, sell silver and buy gold.

For example, if you had bought silver at $8 per ounce in October 2008 when gold was $700 per ounce (87:1 ratio), then sold silver at $45 per ounce in April 2011 when gold was $1500 per ounce (33:1 ratio) and bought gold with that money, you would have over 2.5 times as much gold for the same money. This is an extreme example, but it illustrates the principle.

In 1964 the ratio was 28:1. In 1979 the ratio was 16:1. Currently the ratio is 44:1. If my prognosis is correct we could see 50:1 or better in a couple of months. My GUESSimate is that the true ratio should be about 35:1 on average.

Basically, you could buy silver when the ratio is over 50:1, then swap into gold when the ratio is better than 40:1. If you can stand the heat, you could even swap out of gold when the ratio is high, then swap back in when the ratio is low. The key to making that work is the word 'swap.' You must keep your money invested in metal all the time. Selling and waiting will not work as 50% of the time you will be wrong.

I buy silver coins as they drop, then sell some of them as they rise, basically trying to capture the middle 50% of any move. And basically giving me free silver.

I personally do not like stocks. You can make more money. However, you can also lose more money. And if everything hits the fan, stocks will be worthless. That is not to say you can't do better. I just don't like IOUs.

Glad to see the monthly charts, I need to look at those more often to see the bigger picture. I added in what I consider an important indicator to this one (moving average): http://www.commoditycharts.com/char...e;EXPMA(15);

I'm not sure what period to use since I usually deal with daily and weekly charts. Default was 9, but this is 15 month EMA.