Buy, Sell, or Sit?

I have a few locked in trades over the next 2 days which will max me out so buying is not an option.
Thinking of selling some outliers in order to consolidate my stack and buy into some cheaper cast bars.
Next option is to put a price on the hoped for maximum, say $43 and sell everything other than a few premium coins and then buy back in on the dip.
Last play is to do nothing, sit around and talk shit and hope it doesn’t stop rising.

 

Silver just shot past the A$40 mark, however it's not at an all-time high........... yet? Zoom out to the 5 year chart and the case could be made that it's range bound and a correction is imminent. Or, this could be a new plateau for time being.

Xagaud by mybullion.com.au posted Apr 3, 2024 at 9:19 AM

Your guess is as good as mine as to where she goes. Maybe we should create a poll?

 

Do as you always do.

 

Was forced to sell, so holding tight to what’s left. Would buy if I had the money

 

Buy

 

Gold under $4k AUD will soon look cheap
Silver under $100 AUD will follow

 

Sit
Unless you need the $ , only sell if you need to .

 

Sell some metals and buy Yen?

 

I remember a Pawn Stars episode I saw while staying at a hotel for work where a guy came in with 30k of silver to sell.
The youngins asked the old man what he thought about buying it and flipping it.
The old man is dead now I believe but he said "silver is for buying....it ain't for selling."
He had the boys buy it and it went into the old man safe.

I guess that's my opinion too for the most part.

Although I did convert almost 50% of my cash savings into metals last year, I can sell some of those if needed in the future for a nice profit.

 

I watch gsr ,when silver is running. Especially after a gold run.if silvers run starts to slow at the same time gold pulls back.if ineed a bit of fiat.i sell ag.as i did yesterday.caught pretty good spot rate.has already pulled back almost a buck.if it pulls back a bit more i will rebuy same weight.on that particullar trade i did well regardless.

 

It's hard to tell where the market will go. Most of us don't know, and least of all economists .

I was thinking of starting my own thread until I saw this. I was going to call it "PMs... good buy or goodbye?" It is a genuine question to those of us with a reliable glass orb!

I agree with investing cast low premium bars. No one is paying much of a premium these days. Under spot gets the sale.

 

Please don't sell below spot. Your physical gold and silver is worth more than that.
Here's our buyback rates

 

I am thinking to adopt your option 1 hahaha

 

It just hit $43!

I’ve sold all my outliers so just buying more cast bars for my core stock!

 

Has anyone find that its harder to sell gold & silver now days at today prices? It appears to take awhile even if selling at spot. I was heavily invested in silver before the 2011 crash, now still trying to recover from losses

 

I am starting to believe that we are in the dip. I am now totally maxed out on my purchases. I can’t see the climb slowing down anytime soon. I don’t think AU$50 is not reachable, at this rate probably within the week.
After that we are in uncharted territory. Need to research what happened when spot hit US$34.

 

Interesting seeing premiums on a lot of items totally disappear. Have seen half sovs listed below spot