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 Replies: 30 / Views: 3,091 |
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Pillar of the Community
Japan
666 Posts |
If you are holding bullion for investment purposes, do you have any target when you would sell it?
What is it? Edited by bekiz
02/22/2012 6:20 pm
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Pillar of the Community
Australia
518 Posts |
I would be prepared to sell at $55-$60 per ounce, most of my silver was bought at $27 (im new to stacking) doesn't look like ill be selling anytime soon.
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Pillar of the Community
 Japan
666 Posts |
Quote:
I would be prepared to sell at $55-$60 per ounce, most of my silver was bought at $27 (im new to stacking) doesn't look like ill be selling anytime soon. well, I have started buying silver at $25, though smart folks called my attention to it when it was $18. The reason I asked the question is I do not have the target ... though I am selling some commemorative coins and buy some coins of interest (made of silver). |
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Valued Member
United States
197 Posts |
I'm not watching prices; I'm watching interest rates. We're at the very beginning of an inflationary cycle, which is bullish for precious metals. I don't plan to sell until interest rates get into double-digits. So I'm talking several years out. I'd sell before then if I had to raise cash for some reason.
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Pillar of the Community
Canada
834 Posts |
Since my Cost per ounce is 23.00$ I am just sitting on it.
Dont need the cash anytime soon. So ill just let it play out
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Pillar of the Community
Canada
1723 Posts |
Thats something that you need to decide. What kind of profit are you wanting and wait until that opportunity arises. ebay is usually a $6 - $10 over spot. If you buy from a dealer for $3 over spot saying total investment as of today would be $37/oz and want to make $10/oz then to cover fees you would need sell each coin for $53/oz meaning spot to be around $46/oz. Just an example. Pick your top and stick with your guns. I myself am waiting to see what happens.....might sell but I'm thinking I'm in for the long term. 20-30 years....unless something comes up to change my mind. CHEERS! |
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Valued Member
United States
67 Posts |
I started to buy silver a little late - Jan 2012! I have some at 29 & 30 oz and up. Trying to determine at what price do I stop buying. Does it make sense to continue to buy if it goes over $40.00/oz? I know it's speculation, and forcasts are all over the place. I think it's important to have a stop buying point and a sell point. That said, much depends on the economy too.
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Pillar of the Community
Canada
1731 Posts |
When you sell silver to a dealer, Do you always get silver value or lower?
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Valued Member
United States
223 Posts |
The question will be if there will be many buyers when silver tops the $50-$60 mark. In talking to guy that I have been buying from, he has told me that he won't be a big buyer if the price gets up.
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Pillar of the Community
Japan
666 Posts |
Quote:
The question will be if there will be many buyers when silver tops the $50-$60 mark. In talking to guy that I have been buying from, he has told me that he won't be a big buyer if the price gets up. yes, he won't be a big buyer ... may be because he will not be able to afford it ... like me, 10 years ago I could afford to buy 100 oz of silver... now - 50oz lot makes my budget crack. |
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Pillar of the Community
United States
1554 Posts |
Anytime I can get 10% over what I paid for it.
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Pillar of the Community
United States
2168 Posts |
I guess it depends on the circumstance and reason for purchase. Some buy as a safeguard and asset protection. Some buy just in hopes of a price increase and then sell for profit. In this case I would monitor daily price and sell when I would $ake enough top be worth the trouble. I really am not of that investor group so I guess I'm really the one to advise. I buy and hold as a store of value
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Valued Member
United States
318 Posts |
It's an investment, not a trade. For me anyways.
I'm never selling unless I desperately need the money or I'm funding my retirement.
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Pillar of the Community
United States
2541 Posts |
It's a hedge against the end of the world, so I'll be trading it for loaves of bread while dodging bullets.
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Valued Member
United States
362 Posts |
Quote:
The question will be if there will be many buyers when silver tops the $50-$60 mark. In talking to guy that I have been buying from, he has told me that he won't be a big buyer if the price gets up. Keep in mind, new limits always change. When I first started collecting, silver was in the 30-40$ range... to me this is the normal price, and I can see it going higher. But for others who started when silver was in the 10-20$ range... 50$ probably seems huge. There will always be new and old people entering and leaving the market. But as new investors who want to diversify their portfolio come into the market, they are going to see the current prices as the norm. Just my Two Cents |
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Valued Member
United States
306 Posts |
no price in mind as I hope to be able to hold as long as possible
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Replies: 30 / Views: 3,091 |
Posted 02/22/2012 6:26 pm
