Sell my silver and gold mining shares which would have increased more than physical price over the same time period and buy more physical in an overseas bullion exchange and wait out the volatility before ploughing back into shares. Or blow it all on blackjack and hookers, either way
Sell half my stack. So the remaining half will be free silver then sell half of whats left when it goes to $100. But for now, im hoping it doesnt go pass $25 while im still buying.
I would be looking closely at WHY the price suddenly went to $50. Is it just a 'market fluctuation' or the manipulators playing funny buggers? If I was fairly certain it was part of a major move caused by SHTF or some announcment on supply and demand or somesuch, I would look at buying more. Dollar cost averaging would still be a factor. I would definitely NOT sell JMO OC
N Vast quantities of hookers and a single malt. If silver hit 50, I believe on the way up GSR would be at some time 30ish. I'd convert half my stack to gold.
Correct on the Gold silver Ratio. If the GSR get below 45, I'll be selling and then buying gold with a large portion of my stash for sure. "The ratio peaked once again over 100 in 1991 and since then has been on a downward trajectory hitting a low of 32 at the time of silver's peak at $49.50 in late April 2011."
I will have sold out most at $28- $30 if it happens within a year from now.. so will be contemplating what might have been..
We could be at least 4 years from this scenario.....so I might have to sell to fund my extravagant life style.
Interesting comment! I like the thought put into it. There's a few things... 1) There's lots of disenchanted people who bought at higher prices and want to get out at breakeven. Many have already sold out. However there would be overhead resistance above from these sellers. 2) If we did move up (which I think is likely in the future), then we would have new buyers or very big money moving in because the glut of metal would need to be cleared. 3) If we did move up and all this buying did occur then as Old Cougar states, why? Yes the GSR would be much closer and might be a sensible swap. But if it was a real SHTF and we see prices being affected then I'd likely really hang on to that rocket. 4) I think if we saw a move with that degree of force it would likely break $50 and move to at least the next key area which is probably around $75. In short I agree with especially with Old Cougar's way of thinking. I guess I'd need to see what the landscape was really like at $50 to make a decision. Could be sell or GSR swap or hang on or buy more. But in the back of all stacker's minds is, what do I want paper for? Unless you need the cash and have a specific reason, it's fiat at the end of the day.
Miloman, Many are in this game for different reasons. Some are 'investors' looking for a profit, some are speculators for a similar reason, some are preppers like me, that look on PMs as an insurance policy to be paid out after SHTF Day - or if that event does not occur, spend the 'premiums', or give them to the kids! Either way, I will not be selling my first ASE for at least one year AFTER, SHTF Day. JMO OC
Since silver has been listed as precious, from when it was first mined and coined, how long has the GSR been higher than 15 to 1 say. Everyone seems to look at the last 50 years or so only ! The question is, what would you do if silver went to $927aud. ? And more to the point, who would you sell to ?
