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Having An Exit Strategy

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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/01/2011  9:41 pm Show Profile   Bookmark this topic Add biggfredd to your friends list Get a Link to this Message Number of Subscribers
This article is about stocks, but it's well written, and the same principles apply to investments in coins or bullion:

http://www.investinganswers.com/a/w...ur-money-514
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AlmostCollectible's Avatar
United States
384 Posts
 Posted 05/01/2011  10:01 pm  Show Profile   Bookmark this reply Add AlmostCollectible to your friends list Get a Link to this Reply
Very good article biggfredd. So you think we are in the final phase with bullion yet?
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/01/2011  11:51 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I don't think so, but you know what they say about opinions.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 05/02/2011  12:08 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I am big historian by nature, and I always think of this situation in comparison, when it comes time to make a quick move and go with it at the right time, of course knowing that is the answer to the 64,000 dollar question....

I always thought that the Germans had little chance of keeping the Allies out of Europe, esp after opening up a war on two fronts. Conquering England was a must, and they of course could not beat the RAF and gain air superiority, and go ahead with operation Sea-lion, aka an all out invasion of the UK, which never happened....

Once D-day began, Hitler COULD NOT be convinced that Normandy was the main attack zone, and thought Calais would be the place where the attack would occur, via Patton being stationed across from Calais with that fake balloon army of tanks and jeeps (nice ruse eh), etc. In turn, Hitler had his main core of Panzer's stationed in Calais. If he had immediately gave the order to reinforce Normandy (such as selling at the right time, around the peak) than perhaps they would have had a thin shot of blowing the allies back in the English channel before setting up a beachhead. A Month later, he gave the order for the tanks to move, like buying at 25 an oz, and selling panicked at 15....

I think if it did crash to the bottom via silver, us that enjoying collecting it for what it is, and also thinking more in the long term, have a chance to get back up in the black. Of course the US would need that debt to disappear over night, and I don't see that happening, for that bottom out to take place of the silver market....
Edited by Silverhawk74
05/02/2011 12:26 am
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GO's Avatar
United States
6563 Posts
 Posted 05/02/2011  12:14 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Fake money...never understood it

At least coin collecting is the only hobby that when you are broke...you still have money
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BH1964's Avatar
United States
10982 Posts
 Posted 05/02/2011  12:27 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Many weak hands will bail out of silver if it drops below $40. Stronger hands see that holding is the best option as nothing has really changed. I'm talking about those of us holding physical silver.
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Maineman750's Avatar
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3592 Posts
 Posted 05/02/2011  05:59 am  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
Agree that "panic" is not a strategy.
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carmykle's Avatar
United States
2448 Posts
 Posted 05/02/2011  12:34 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
Just think of it as a kind of M2. Just a broad classification of money in movement. Or chaos, whichever is appropriate.
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SA4H's Avatar
United States
2764 Posts
 Posted 05/03/2011  02:59 am  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
I believe we all here know what it mean to "buy low & sell high", however, when reality come, it's not always easy to do so.

I recalled back around 2008 when silver climbed from $12 to $20.... I've bought a couple rolls of dimes at $14 and needed cash so I sold them at $18.... then come the crash and silver dropped to $8.... at that time, I know silver will be back up soon and figured I have about a week to buy so I've hunt all around me (on craigslist, local dealers, etc) and no-one want to sell (even above spot) - I guess they either know silver price will rise or just don't want to loose money and hang-on to their inventory - I continued to look for chance to buy without success until silver spot goes back up to around $18 .... I didn't know about APMEX back then and didn't have my cash in Kitco to buy from them either....

Now, my question is: If you are to exit at said $50 spot (profit taking - sell high) and when spot drop to $30, how or what would you do to enter again (buy low)..... especially if the duration of the correction is about 1 week or so.... many sellers or potential sellers/dealers will not sell (either because they don't want to loose so much money and/or expect the price to rise again).... then where would we be able to buy physical silver/PM?

Any thought and consideration?
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