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Selling Your Silver. What Is Your Magic Number?

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Libertad's Avatar
Canada
3692 Posts
 Posted 06/30/2016  9:14 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Attached to bullion? That's the wrong way to do it.

Always sell your junky crap first. .999 is the way. Everything else is dead weight. Round metal eats up your safe space.

No magic hokus pokus numerology. Keep the amount you need on hand, sell the amount you don't need right away. This hoarding will make you broke.

Forget about dollar profits with these things. Look at your metal and think about what you can use it for. Hocking objects buying and selling is a monkey job, like drug dealing, it's so easy to do - where's the satisfaction? Buy it 'cause it looks amazing, fix it 'cause it's broken, sell it 'cause it's beyond repair or you have too much of it. How much is enough?

I hold the amount that I need to make my business grow. It doesn't "make" me money just by itself; it requires my interaction with the world. Dollars make people jaded; the business world is for zombies.
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muddler's Avatar
United States
7194 Posts
 Posted 06/30/2016  10:20 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
In a need I did sell my 40% at $35 an ounce, but held my 90%. I would need to be in a bad situation to sell this low.
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 06/30/2016  10:24 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
PMs are insurance to me.

I'd sell silver at $125.00, but unfortunately, when this happens, a loaf of bread will cost $15.00
Edited by doubleeagle59
06/30/2016 10:25 pm
Valued Member
ShinyRock's Avatar
United States
56 Posts
 Posted 07/01/2016  12:46 am  Show Profile   Bookmark this reply Add ShinyRock to your friends list Get a Link to this Reply
I'd be willing to part with my junk silver if spot gets over $30, and I'll be looking to trade my generic rounds and bars for gold if the GSR gets in the lower 60's. I honestly don't know what it would take to part me with a lot of it, but I have a lot of AR's to build before the next election so who knows.
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 07/01/2016  8:09 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
My magic number would be over $30 or so. I've been itching to sell my silver to buy stuff I want.
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Connor's Avatar
United States
2130 Posts
 Posted 07/01/2016  10:10 pm  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
I will be the first to admit that I would have never guessed silver would be flirting with $20 on July 1, 2016. You just never know and that is was makes this a fun ride!
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