At the right time, the $ price of PM's might not make sense in today's $ in terms of value when compared to other assets (or more importantly food / oil). If it were in today's $ relative to what's around then $300/oz would have me on high alert. This would be roughly a 10 bagger from my average and there would have to be some serious upside potential to convince me to hold, unless the economy is so fragile as to not provide any attractive alternative. If it looks like a parabolic move with a likely crash then I'll be moving out of the PM asset class. If it looks like a re-valuation / price discovery then I'll be selling portions of physical to get into stocks like telstra and the big banks. I kid, mining stocks of course! Things change though.
Well then I can say without a doubt the silver in your possession is a waste of space. You'd be much better off just trading in paper as you are essentially a trader with goals like this.
Have to agree with DerangedMonkey on this. What raised alarm bells for me, was your post inside Thucydides79 sales thread where you asked: imho, one should not even need to ask questions like this. You should be sufficiently educated to know for yourself what is right.
Since I bought most of my stack between $30-$40 I would consider selling at $100.The thing is if silver and gold go parabolic it may be difficult to safely sell it.No one really knows what will happen.
Mmm.. Depends on what kind of bullion you have. In my case, my stack consists of half generic .999 and the rest is good stuff. It would be very difficult for me to part with even the ugliest of my precious. But I can {honestly} see why folks would sell to make a (lesser than large)profit, especially the way the market has been in the last 10 months. And if they can get away with it, kudos to them. On the other hand, I'd have to ask myself, would it be worth the risk to lose one's position to sell, having the instinct old highs will be breached sooner than later, when it is inevitable in the first place? Think I will play it safe, and continue to stack.
I sold a lot last year at $46.75 CND just sold a tube of wolves for $45 each so $45 seems to be working for me
Not sure what the price will be, but I'll sell when I see on the evening news people lined up around the corner taking FIAT out of their accounts and the guy at the corner store is talking about Silver.
^ that is already happening mate, read comments like that: While I could understand it when silver was 4 - 5$ or even up to 10$, i really cant see it now. Well why not go all the way and just sell yourself to slavery for silver? :lol: or See? [youtube]http://www.youtube.com/watch?v=Q6pea5WoSB0[/youtube] Mania phase is already building, slowly but steady.
Yeah good luck with getting the timing right when there is a real spike 50% of people will sell out too early only to miss out on further big gains, and 49% will hang on for far too long after the peak hoping for the recovery that will never come
When to sell depends on your goal. I do think the "final cashout" needs to be via indicators, like DOW/Gold and Gold/Median House price. However, having said that, I do think you can more or less safely trade silver for fiat profits for quite some time yet. That is, buy in the dips and sell on the rises. PMs can only skyrocket when the US can no longer sell its bonds without raising interest rates which in turn increases their debt servicing.
I have a selling target timeframes, which will be three years or four years from now, will access the property market and my readiness to buy an investment property, which by then I will require a decent amount of fiat. If I have enough saving by then, I will continue to hold, if I haven't saved enough by then, will sell irrespective of the POG and POS at the time.
