Hi guys Yep, I am new here. Been reading lots. So, I have started building my stack. My one concern is actually being able to sell silver if the price does infact go to the moon. EG. Silver hits $100 in the next couple of years. I for one, would be tempted to sell a fair amount at this price and put the money towards something else. Where would one actually sell this silver? I I know a lot of trades happen here and there seems to always be buyers - however does anyone reckon there would be many buyers at $100? I figure the same would happen on Ebay as well. My thinking is that if it did hit $100, there would be a lot of other stackers trying to offload a lot more silver than I have... ? do dealers always buy back? ( I know that would be under spot ) Just my thoughts
I have often wondered the exact same question. BB who would be those buyers and if there are buyers would there also be reasons that we did not want to sell?
If silver is at $100 and you offer to sell it at $95 you will have no problems at all and you will still make a handsome profit.
If silver starts going to be moon every man and his dog will want it. I actually think that premiums will grow quite a bit should this occur. To me this would be an indicator that it is time to think about unloading a bit.
But who's to say it won't be another very short term bubble? How many people do you think will actually jump on the silver bandwagon? I think sheeple will because there will be some media hype and they will jump in but I dont think it will be sustainable
About as many who jumped on the gold bandwagon when it went above $250 per oz while others at the same time cried "sheeple" and "short term bubble"?
The reason silver will sell at $100 or a price point beyond is because its the buyers that will have driven the market price to there in the first place.
Short term bubble, permanent floor in the price, who cares! It's not a part of my strategy, but if a bubble gets big enough to get the attention of Joe the cabbie, then demand for physical should perpetuate the bubble (look for those rising premiums) Happened with dotcoms, realestate and even tulips. There will be plenty of time to sell the sheeple what they want.
Future Scenario...Between now and $100.....I think that you will see a time between $35 and $40 when silver will be sold off and again between $45 and $50. Why? Because those that bought big when the price was between $35 and $50 will think now is the time to get their $$$back. For SS members who want to get the best deal, well maybe they should take careful note of the G/S ratio. At one time during the last mini rush the gold silver ratio went into the 30's. If the silver to gold ratio goes below 40 to 1, then it is the time to swap silver for gold..then you buy back in later when and if it goes back to 50 to 1. Obviously, if you think that silver will go up in price quicker than gold and will not return to 50 to 1 or better, you keep stacking silver! Last time this was the right move but will it be right one next time. Making the right move at the right moment is all part of this silver game. You have gotta know when to hold it, know when to sell it and know when to walk away. Regards Errol 43
There'll be time enough for countin' when the dealin's done. I'm going to get buried with mine anyway. No I'm not saying where.
In the begining of my silver empire I thought about an exit strategy, I then thought about security of wealth, then went greedy and thought about profit, now at my age think about compassion and empathy, then through meditation about donation.
Spot price is by definition the buy/sell price (or equilibrium). If there were no buyers at $100 then this would not be the spot price.
just imagine one who bought SBSS debt & death, for 500 rounds, even for a flat spot of 32, that round is selling for 100+ there can be more buyers when the price moves up again. someone offered for 90 or 3 for 250, wow sold! in no time spot is the buyer's creation :lol:
