At what price are you selling?

Discussion in 'Silver' started by SilverDJ, Aug 5, 2020.

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At what price will you start selling? (AUD)

  1. NOW

    8 vote(s)
    8.0%
  2. $38

    1 vote(s)
    1.0%
  3. $40

    5 vote(s)
    5.0%
  4. $42

    3 vote(s)
    3.0%
  5. $44

    3 vote(s)
    3.0%
  6. $46

    2 vote(s)
    2.0%
  7. $48

    3 vote(s)
    3.0%
  8. $50

    15 vote(s)
    15.0%
  9. Way over $50

    55 vote(s)
    55.0%
  10. NEVER

    5 vote(s)
    5.0%
  1. SilverDJ

    SilverDJ Well-Known Member

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    With silver spiking for only the 3rd time in the last 40 years, currently in the $36 range, at what price would you start selling some or all of your stack? (in Aussie dollars please)
    Had to do $2 increments, just pick the nearest.
     
  2. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    Maybe I’m dreaming but I would consider @ $100/oz
     
    Bullion Stax, Holdfast and Revils like this.
  3. Revils

    Revils Well-Known Member Silver Stacker

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    I sold what I wanted to sell between $25-30, I'm only going to sell if all my other assets decrease substantially (shares, crypto) and/or I have no cash for stuff I need/want. I've been in a few bull runs in other assets where I've learnt it can go way higher than you can dream, and equally come crashing down or just sizzle out.
     
  4. raven

    raven Well-Known Member Silver Stacker

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    650 aud/oz
     
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  5. SilverDJ

    SilverDJ Well-Known Member

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    Indeed, it's a complete gamble.
     
  6. Investing for kids

    Investing for kids Active Member

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    I can see myself selling at 80, triple what I paid, watching silver drop down to under$20, and basically quadrupling my silver holdings :)
     
  7. Jason1

    Jason1 Well-Known Member

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    it would be bloody tempting to go at the $40 range, but really watching the AUD vs USD dollar price.
    that ratio will have a big part of the decision

    but any time your in good profit is a good time to sell, so doesn't matter if you dont catch the exact peak.
    you walk away for while and come back when prices are more suitable to buy.
     
    Sneakypeen, Revils and Holdfast like this.
  8. Karoi

    Karoi Active Member

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    I've been letting some of my high premium coins go for the last month or so, then replacing them with more low premium stuff.
    Hopefully a low GSR and high AUD/USD will coincide with silver prices at $75+. That would be a great time to liquidate all silver holdings and replace it with Gold
     
  9. serial

    serial Well-Known Member Silver Stacker

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    always selling, always buying
    will never sell it all
     
  10. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    $750 oz
     
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  11. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    No one ever went broke making a profit!
     
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  12. Investing for kids

    Investing for kids Active Member

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  13. screwedon

    screwedon Member

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    That's such a good question. i bought in at 2010 and missed the chance to sell when it last went gangbusters as our physical was in a different state. Now we live with our metals and would be able to sell except lockdown may be the issue now. So, we are looking to start selling in the next few days lol. Its a little painful but if it works the profit will be pretty ok. That is we will break even on otherwise having it on our mortgage plus a little.
     
    kilo likes this.
  14. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    In 2011 I waited until spot hit $50 before I sold any, I pretty much still have it all, I missed out on many chances to sell silver at a really good rate and buy it back cheaper, I don't want to do that again.

    Last night I sold 180 toz to a mate for $32/toz, spot was $34 so I gave him a discount and still managed to make some decent cash on the sale. It was also a chance to offload all my weird, milk spotted, generic, low premium damaged .999 that didn't fit into any of my areas of collecting. Plus I don't have to pay any eBay fees, nothing gets delayed or goes missing in the post, nobody gets scammed and I maintain a decent relationship with my local dealer.

    I made the deal last night and then spot increased $2, thems the breaks! But he will be stoked with the deal so I get a very happy customer, some cash to pay down some debts, shot of 180 toz of low demand silver, a very small bit of space freed up on my shelf and hopefully he will be back to buy some of the higher premium silver when spot does hit $40 or $50.

    If spot goes to the moon I have some unallocated in my SMSF so I am not out of the game entirely and I am looking forward to further increases!
     
    screwedon, sgbuyer and Silverling like this.
  15. SilverDJ

    SilverDJ Well-Known Member

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    Paying down debts is wise.
    To paraphrase an above quote, no one ever went broke paying off debts.
     
  16. shinymetal

    shinymetal Well-Known Member

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    I am 100% sure that a gold backed monetary system replaces what we currently have.
    I'm not selling until that time comes.
    I've said it before but here again... gold backed USD before the end of Trump's second term.

    Gold shall destroy the FED.
     
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  17. OneDay

    OneDay Active Member Silver Stacker

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    How can you be so confident about this?
     
  18. President Trump

    President Trump Active Member Silver Stacker

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    When the Fed and other central banks stop saying "we'll do whatever it takes" its time to sell.
     
    rainy day, Lucky, 66rounds and 2 others like this.
  19. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Voting chart should have included triple and quad digits.
     
  20. Tokyo

    Tokyo Active Member

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    Very Short term 35 USD and next supply zone 80 then 120-130 gold 2300 / 2800 /3200 .
    i can swap my silver if I see 35-46:1

    Most likely my living expense double
    300 silver 10k gold
     
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