Where And How Would You Sell Your Silver If It Hit Your Number?

1. I don't plan on selling.
2. Depends on wether or not you want a paper trail (regarding taxes).

No number. Sell when you need the cash and you have no other option. Don't gamble with this. Silver takes up too much real estate to only double your money. You need to buy and sell everyday. When the number is high, who's going to buy it? People rarely buy it today the way it is. Have silver as something to fall back on as a store of wealth, not as an investment, as there are much better vehicles for that type of play.

All I will say is selling into an uptrend, and if silver got into the 40s, is going to set up a lot of folks for remorse.

What will happen as time goes on is these levels being broken now on the way up will act as support for silver on the way down (whenever this current uptrend is over), making the probabilities slimmer of seeing a retracement as we saw recently when silver and gold stopping going higher.

I plan on holding and BUYING on the way up, I mean I am and will be backing up the truck so long as silver and gold keep rising.

However, at the end of the day, everyone has to do what fits them emotionally/psychologically.

I would sell 1/2 of my silver once it hit $30-$35. Another 1/4 of my silver at $40-$45 and I would never sell 1/4 of my silver. That 1/4 is for the kids.

3/4 of my silver was bought below $17 per ounce.

I actually don't intend to sell any of my physical PM during my lifetime: I collect it for fun. I will if I have to, but I'm not waiting for a certain number to appear before selling: having a number isn't saying me much unless circumstantial conditions like inflation rate are also taken into account, actually.

What the next generation does with my silver collection, is up to the next generation...

EDIT

And now for where I would sell...

I think I'd try to get as much sold in private as possible, as pawn shops, coin shops and similar institutes generally offer very low prices compared to spot and also come with over head costs and a long paper trail.

yes yes, taxes are way too high on capital gains, and its even at a silly rate for bullion.

I would sell wherever I get the best price. I am certain my somalian elephants will only go for spot at a coin dealer so thats obviously going on ebay.

Other common stuff, such as bullion eagles, maples, I would go to the LCS if he gives me a fair market price.

Because I was buying pandas, eagles, maples, Kooks when silver/gold was around 7-8/300s I am really no rush to sell, no even when I was buying as it broke into the early 800s-1000s.

If anything, I plan on holding indefinitely and ADDING as silver and gold higher. As I have said, IF/When silver and gold break their all time historical highs, and depending on how it acts up there and how it gets there, I will be backing up the truck at those levels.

It comes down to when you need the cash, there is a different investment that I'm looking at right now so I may end up selling off bullion and coins any time now. It's hard but in the end this is why I bought the silver in the 1st place. With care I've put away a little to take advantage of the next opportunity. The where....hmmm I'm in a smaller town so that mostly limits me to ebay. I've had some limited success on KIJIJI but you always end up with people wasting your time.