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 Replies: 15 / Views: 2,221 |
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Valued Member
Canada
183 Posts |
To hang-on or let go silver at almost $25 an ounce.
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Pillar of the Community
Canada
1051 Posts |
The answer to that question hinges on your faith in fiat money. My only question for you is:
sell to buy what? If you don't immediately have an answer, that's your answer ;)
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Bedrock of the Community
Australia
21786 Posts |
1cent has stated it very eloquently.
I have converted silver in the past to numismatic items that I wanted for my collection. In retrospect, they have done better than silver. Currently I am not tempted to buy silver. I only just accumulate it as part of other numismatic items I may buy.
I am a coin collector, not a silver speculator.
How much do you have and can you buy what you want with the proceeds?
I have just had a look at the 5 year silver chart and the average trend line suggests that silver is currently overpriced by about $7.
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Valued Member
Canada
276 Posts |
@Sel: That's one way of looking at it. It may be that the trend is changing as well. Historical performance is no guarantee for future returns, as they say...
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Pillar of the Community
Canada
3692 Posts |
It's like demand notes. Payable to the bearere on demand One Dollar. One Dollar of WHAT? A Dollar used to be a fixed measurement of monetized gold. Now if you want to cash in your dollars they're just give you a different piece of paper with the same number on it. Ridiculous. Dollars are ideas, not things. And today they don't even represent what they're supposed to. I think that if the Comstock Lode wasn't hit, that there wouldn't be this wanton disregard for silver, because right now it's so plentiful and the markets are pretty flooded.
If you're cashing in, buy some food with your money. Buy a couple of cows. Get something tangible that can't be faked by a piece of paper. Invest.
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Valued Member
 Canada
183 Posts |
You have old silver not even G-4 so BV is more than face value.Its a no hold you have to let go.
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Valued Member
Canada
276 Posts |
Cashing in right now, isn't a bad idea! Silver is high, stocks are low ... and so if you buy low and sell high, now is a great time to switch your investments. Again, precious metals are a good hedge against stock market crashes ... but the real growth over long periods of time is stocks!
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Pillar of the Community
Canada
650 Posts |
Hard question estimates are it will keep climbing, who knows I have a fair bit and am sitting tight for now.
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Pillar of the Community
United States
672 Posts |
Im selling mine are reinvesting in key date coins :)
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Pillar of the Community
United States
2734 Posts |
Ask me again when it's $50/oz.....  |
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Pillar of the Community
Canada
1248 Posts |
will be sooooooooooon!!!!
March 2011.....
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Pillar of the Community
United States
2734 Posts |
Quote:
I'm selling mine, are reinvesting in key date coins :)  If you sell silver, buy key date numismatic coins.  Even if you miss silver's "peak", you'll always enjoy having a 1916-D Mercury dime, 1909-S VBD Cent, etc. Those lucky enough to cash out at the peak may get a 1916 Standing Liberty Quarter or an 1893-S Morgan...  Quote:
Historical performance is no guarantee for future returns This sentence neatly sums up the stock market from 1999 to present.   That said, stocks will pick up nicely once we have inflation. But will that happen before 2012/2013? You could make some nice returns in precious metals before stocks go back up.... This generation tends to overlook that silver prices were depressed for twenty years because of the Hunt Brothers' manipulations. Edited by DNA
11/07/2010 12:17 pm
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Valued Member
United States
253 Posts |
I have to agree with libertad. if the crash comes you cant eat metal. Ask some of the elders who went through the last big depression what was more valuable an oz. of silver or enough food to see your family through a week. If you sell" STOCK UP " On average there is only 3 weeks of food on the store shelves at any given moment. Sugar, Cereals, grains, and coffee go up 5 % the 1st of the week and possibly more in the weeks to come. Feed corn going for fuel and cat litter , what will the price of beef pork & chicken be next week? If you have food items (and can defend them) you can set the price and trade for metal all day long. These are just the rantings an old tug captain
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Valued Member
Canada
276 Posts |
Hmmm... in a place like Canada, I wouldn't worry about "stocking up". Sure, having a supply is nice, but really ... it'd be a state of national emergency. And although there ARE bad circumstances, when is the last time people were rationing food? I can think of a few times in 93-94 during the ice storm, but people weren't starving, they were just without luxury items. Perhaps in a country where food supply is limited, or the government doesn't take care of people properly (like ... THE USA...)
Seriously, there are a lot of alarmists and "OMG THE GOVERNMENT IS TRYING TO RUIN MY LIFE" comments here.
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Valued Member
Canada
183 Posts |
Well we did it some of the old silver is history paid my trip and $500.00 cash left over.
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New Member
Canada
39 Posts |
Sell your silver! buy rare high quality coins at very good prices, its such a buyers market out there. Then wait for the economy to start roaring again sell the coins and buy silver. Then wait for the next recession and sell!! Rinse and repeat!
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Replies: 15 / Views: 2,221 |
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Posted 11/02/2010 02:39 am
