If You Sold Your Silver, What Is The Next Step?

I wouldn't invest in any other PM right now besides silver. It is out performing every other metal. Silver can be very volatile but just ride the waves and you'll be fine. If you don't buy property with your earnings, buy food.

If silver hits one fifty an ounce, that will probably mean that oil/gas and food will see ridiculous prices. Buy freeze dried foods from sites that sell it in cans that have a shelf life of thirty years or so. On Costco's website you can find a years supply of food, with shelf lifes of thirty or so years,for a family of four for about 4 grand. That is a very reasonable price if you divide it all out and figure out the daily/weekly/monthly/yearly cost of the food.

I'm thinking of selling a portion of my physical silver in a year or so and buying a nice piece of lake or river front property out here in Washington state. My only stipulation is that the piece of property is capable of supporting a few nice sized gardens/orchards/animals. I buy a lot of silver and I need to constantly remind myself that, when it comes down to it, I can't eat precious metals! ;)

Lots of people in the U.S. have lost money on real estate. The market has bottomed out. To a lot of people in America, real estate stinks. If Americans won't buy their own real estate, I guarantee foreigners will! There is currently huge long term upside potential for your kids.

The Chinese are going gangbusters buying up Australian mineral production and Australian farms, to guarantee their food supply. Australians are bound eventually, to suffer very severely from this.

If you haven't enough money from your silver profits to buy outright, you can always buy units in a real estate trust. Industrial commercial or residential; you choose.

Right now, that may seem silly, but that's where large profits from the sale of silver should go. If the size of the profit is smaller, you can do no better than numismatic investment; you choose.

Numismatic investments are counter cyclical.

You're bordering the collector/investor line. 74.00 for a one oz coin is not a sound investment (currently), but it's a nice collector's item. If silver reaches 74.00 an oz, that coin will bring roughly $80.00. A silver Eagle bought for 48.00 to 50.00 will sell for 80.00. You see the point.

Also, on 90% silver right now, if you look hard enough, you will spot the good deals. My last 5 purchases have been large lots of Franklin halves and Pre 1965 Washington quarters (Proofs, and uncirculated)taken right from a mint set, or still in the mint cellophane, for melt price.
Completely mint state or Gems. Why buy bags or lots of worn, rubbed out coins?


With physical possession, you can only lose money if you sell it. It's not stocks, and will never be worthless. If you're like me, I'm in no hurry. I am 36 years old, have been buying for years. I can choose to take my profits now, or wait it out. No way it's going to be lower than it is now in 30 years. My DCA currently is $12/oz, but I still buy weekly. I'm not real concerned at all with any short term results. But even if if I had a DCA of 35-40, and had a plan of up to 20 years, I would feel safer in silver than our dollar. Keep stacking.

That's the way I look at it. When I buy coins or silver or gold at fair market prices, it's not like I'm buying a boat or motorcycle or cruise that will be gone or worn out in a few years.

Don't get me wrong, I think a boat or motorcycle or cruise would be great if I could afford it right now. With hard assets you can convert them to cash when need be. Just make sure they're in a relatively liquid form.

When I sell off a big chunk of my PMs it's (hopefully) going to be for a down-payment on a house. My sell point is $75/oz for silver. At that price I'd sell half of what I have. I'm still kicking myself about my gold purchases in 2008. I quit buying when it hit $1,000 and only bought a few more ounces when it fell back to $800.

I see silver right now where gold was 3 years ago. There could be pullbacks in silver well below $40/oz but I really believe it will go to $75/oz within 2-3 years.

P.S. I did buy that silver lot tonight and will have about 10ozs for sale next week at melt price w/insured delivery in the U.S.

At that price I would probably be trading some for bullets.

Maybe then you could change your name finally to CopperHawk74.
But seriously, you're really praying for a global catastrophe, here. $150/oz? I hope it never reaches that ridicule.
What kinds of medals do you collect? Olympic? War?

Stewart I am in the same boat as you. I believe this IS a correction to it's true value as well. Also, I do not fall for the "you don't want silver to be $150 an ounce" thing.
People saying that bread would also be $10 a loaf, gas $10 a gallon, yadda, yadda. It has already risen 300% in a little over a year, and I can still buy a loaf of bread for a buck.
What's going to make it all of a sudden change?
It's not the price of silver that will determine food and gas prices going parabolic, it's the value of our dollar, which seems to be in a death spiral.
Anyone who has read some of my posts, already knows I am a huge silverbug. But here is my simple philosophy.

I have a vast collection of various rounds, bars, silver coins, and .999 silver from around the world. I have most everything in Mint state, housed in airtites. I also have rolls of common junk silver in various denominations. I do have a sell price for the latter, but will convert that into BU items as well.

If our dollar tanks, or we move to a different currency, the people who are left with dollars, will certainly lose a portion of their wealth during the transfer to the new currency, maybe even a great portion, as they held out too long. Once the dust settles, precious metals will be revalued in terms of the new currency, and I will have more wealth than those that held out.

Scenario B: We get our economy back on track, the future starts looking bright. People will most certainly move away from metals and get back into the markets, bringing the price down, maybe even rather quickly. I have not lost anything. My net worth may go down, but I still have a great collection, with alot of variety to enjoy, and I live in a country that is finally going in the right direction. I can then keep adding to my collection, only cheaper. Win Win.

I prefer scenario B personally. I have almost 30 years left to retirement, I can afford to put my money into a collection that also provides me insurance.