| Author |
 Replies: 11 / Views: 1,528 |
|
|
Pillar of the Community
United States
931 Posts |
Do you see anything wrong with booking some profits at this time. I feel in the short run silver is priming for a jump, so I'm thinking about selling an ounce Buffalo to expand my silver holdings. If you could bank $700 on one coin would you sell it and buy two rolls of Eagles and have a little cash left over?
|
|
|
|
Pillar of the Community
United States
2764 Posts |
It's always good to diversify. If you afraid of missing out on the gold then get a smaller denomination gold (like $5 Liberty) and those rolls of ASE. We will see what happen on/after Sept 20/21 (FED meeting). |
|
Pillar of the Community
 United States
931 Posts |
I still have a decent pile of gold buffaloes and some pre-33. It's hard to part with them, but I only have about a pound of silver so I feel that I'm overweight gold considering silver is acting very healthy in my opinion.
|
|
Pillar of the Community
United States
667 Posts |
There is never a wrong time if you like the profit made. Re-speculating the amount into silver is your call.
|
|
Pillar of the Community
United States
667 Posts |
RULE #1 as a speculator.
NEVER get attached to your bullion. Remember it is bullion and nothing more. Getting attached can lead to a poor mistake in judgement.
|
|
Pillar of the Community
United States
2764 Posts |
I think biggfredd made a good point on this posting of his: https://goccf.com/t/96419Basically you just establish a ratio of Gold to Silver and try to rebalanced it whenever you need to. Let say you choose the ratio of 44oz of silver to 1oz of gold as your standard and a 50% - 50% cash value ratio. Then right now you need to rebalanced them to that point (ie: increase your silver holding) and when the ratio go down to 30oz silver to 1oz gold then you sell more silver to get gold to achieve the 50%-50% cash value ratio. As you continue to add PM you can maintain that cash value ratio.... when 50oz of silver to 1oz of gold exist then you sell your gold holding to get more silver.... Ultimately maintaining the 50%-50% cash value ratio but leveraging the price parity diffences of silver vs gold to gain more oz over time. Am I confusing you enough? |
|
Pillar of the Community
United States
4008 Posts |
Quote:
Do you see anything wrong with booking some profits at this time. I don't see a single thing wrong with taking a profit anytime I can get one.  If you take a profit, you have made money. Yes, perhaps you could have made more by waiting but perhaps not. A profit taken is REAL, not a maybe. I've bought and sold hundreds of investments. On some of them, I made less money than I might have. But I made the best judgment call I could at the time with the info I had. Part of being a successful investor is to do that and don't look back. The past will not make you any money... but the future might, so look to it instead. Quote:
If you could bank $700 on one coin would you sell it and buy two rolls of Eagles and have a little cash left over? Those better be short stacks if you are talking ASEs. They are selling for $46-48 each about now, so figure about $940 or so per 20-coin roll. |
|
Pillar of the Community
United States
3670 Posts |
If I had as much gold as you Junior, I would have no problem moving some an converting it into ASE's or something similar an trusted.... Frank an investment advisor comes into work often, and says why not by apple stock you would be way richer than the gold or silver is doin for ya? And those PM bubbles are gonna burst he said, any day now. Pulled up Apple stock an said see, it is at 395 a share. I was like, yeah Frank maybe if I had gotten in at 25 bucks a share, that would make sense, lol.... Any day now, that ol gold an silver bubble will burst! The economy is about to swing 180 degrees, the jobs are comin back, everything is on the up an up, annnnnnnnd I release you! Lol. What fantasy world is the believer of that above sentence living in eh.... Silver seems to be in take off mode, we will see if it can get to fifty again and beyond. I need it to fall back to sub 30, to reload on some more. But I don't see that happening.... I recall my first interest in the stock market, 1983 Trading places, great movie. I just watched it again yesterday. Those tight Duke brothers crack me up, an there one dollar bet. When they flipped that orange crop report on them in the end, well I loved it, lol.... They thought the crops had been damaged, so they were gonna corner the market, but in fact the crops were fine. So Murphy an Aykroyd's character sell away droppin the price, and the Dukes lost the whole farm in matter of minutes, lol.... If only the real world was as simple, but a bit more complex it is.... Edited by Silverhawk74
08/31/2011 7:28 pm
|
|
Pillar of the Community
Canada
3692 Posts |
Lol, and I was hesitant buying at $29. When silver broke $30 it made me nervous, to be honest, but I think it has enough investor support at $40 to hold for a while. Of all the metals, I think silver is still the most undervalued. Imagine it being $400 - up there touching palladium almost.
If I were in your situation, and I had one single buffalo, I would sell it, and with the proceeds get a 1/4 ozt Au (or $5 gold Indian), and the rest in 10 ozt Ag bars. Forget paying premiums on single ounces like ASEs, just go with the bars.
Several months ago I took some profits just to see if I could do it while I was ahead, and traded junky stuff for class. But I'm not going purely bullion, I'm trying to diversify a little bit.
|
|
Pillar of the Community
United States
5833 Posts |
Gem 90% silver denomination of your liking maybe better in the long run, that's just my opinion.
You can build a few quality sets.
No matter which direction you take, good luck!
|
|
Pillar of the Community
United States
648 Posts |
If you really want to be effective (my humble opinion) then I would go the bullion route to save on the usual premium of an ASE. Especially if I am letting go of a coin like that to get silver. I want the MAXIMUM return back on my precious piece of gold I'm selling. Again, I only say this from a weight perspective, not a numismatic perspective. I 'd always go with the maximum amount of bullion my fiat dollars will allow me to get. |
|
Pillar of the Community
United States
4008 Posts |
Quote:
If only the real world was as simple, but a bit more complex it is.... For sure, Hawk. But then... we have to write the script for our lives ourselves, a few lines each day.  |
| |
Replies: 11 / Views: 1,528 |
|
Posted 08/31/2011 2:52 pm
