To Sell Or Not To Sell .... That Is The Question

Most investment counselors will tell you that anytime you can take a profit is a good time. You just have to decide if the time and rate of return is right for you.

I'm in the same position as you. I have some gold bullion that I don't really collect religiously and I'm toying with taking the 1000% profit. Only problem is that the Government is still bent on quantitative easing. That means that gold and silver may still climb some. When is enough, enough? Even my UHR ASE is just a chunk of gold (ain't no 1907 St Gaudens, that's for sure). May be we should look at bullion as what it is, a hedge against inflation and a commodity in which to make a profit.

I Still don't know if I can sell. What do you think?

There's a saying among stock market investors that applies equally well to commodities like precious metals: Bulls make money. Bears make money. Pigs get slaughtered. If you're buying to make money, you need to lock in those gains when you can and when it makes sense given your outlook for economic conditions.

If you're purely a collector, then you're not talking about melt value anyway - any coin worth collecting has far more numismatic value than bullion value.

If you sell: where will you put your money? In US $? Good luck. I prefer to be burnt with coins I can "bite".

Thanks to all for your responses ... the question I just heard was "Are you still a buyer at $23?" ... I don't think so! That must mean I should SELL, SELL, SELL (I can't help but recall Murphy and Akroyd yelling in Trading Places :) ... or was that the old man having a heart attack as the orange juice market was cornered ... "Why don't we have the Lobster and the Crab!" LOL)

Thanks again ...