Ride this out or continue to sell my silver to get some gold?

Discussion in 'Silver' started by Nub Cannon, May 4, 2011.

  1. Nub Cannon

    Nub Cannon New Member

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    I sold some silver on Friday to get some gold, and I'm debating weather or not to switch a decent portion of my stack tomorrow into gold. What do you guys think?
     
    Nub Cannon, May 4, 2011
    #1
  2. Peter

    Peter Well-Known Member

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    Golds less risky.
     
    Peter, May 4, 2011
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  3. Stedlar

    Stedlar Active Member

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    So I decided some time back that Silver was for speculation and barter, whilst gold was for store of value.

    That still seems fair to me.

    If it makes sense to you decide what you want to achieve and act on it.
     
    Stedlar, May 4, 2011
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  4. Mighty Atom

    Mighty Atom New Member Silver Stacker

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    I have also sold some and bought gold recently. But now I am buying silver again. Sitting quiet now waiting and working on my next shopping list. :cool:
     
    Mighty Atom, May 4, 2011
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  5. Nub Cannon

    Nub Cannon New Member

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    If I buy the gold now I would possibly switch back to silver later if the GSR keeps increasing
     
    Nub Cannon, May 4, 2011
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  6. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Trying to find the silver to buy seems to be the hardest part.
     
    RetardedMonkey, May 4, 2011
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  7. Nub Cannon

    Nub Cannon New Member

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    lately I have been going to a coin shop that always seems to have enough maples for me to buy :p
     
    Nub Cannon, May 4, 2011
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  8. Ouch

    Ouch Active Member

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    All my fiat is going into silver from this point on as gold is nothing but a "barbarous relic".
     
    Ouch, May 4, 2011
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  9. Goldrush

    Goldrush Member

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    :lol:

    Wasn't that Costello who said those famous words after he sold our gold at rock bottom prices?
     
    Goldrush, May 4, 2011
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  10. Ag

    Ag Well-Known Member Silver Stacker

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    My suggestion would to ask yourself 'what's my investiment horizion?' i.e how long are you in the trade for?

    Short term would suggest Gold, but don't think you can beat Silver for the long haul.
     
    Ag, May 4, 2011
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  11. Nub Cannon

    Nub Cannon New Member

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    well short term, so I'm going gold tomorrow. I see that the GSR is going up a lot if it ends up back near the 50's or higher I might trade some gold for silver
     
    Nub Cannon, May 4, 2011
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  12. errol43

    errol43 New Member Silver Stacker

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    A week is a long time in the silver trade. A goldmine one day silver the next.

    Regards Errol43
     
    errol43, May 4, 2011
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  13. STC

    STC Well-Known Member Silver Stacker

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    What are you selling? Sell it here!
     
    STC, May 4, 2011
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  14. Nub Cannon

    Nub Cannon New Member

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    The thing is I want to sell it to my local metals dealer which is a 5 minute drive from my house, I want to make the sale of silver and purchase of gold quick ;)
     
    Nub Cannon, May 4, 2011
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  15. Nub Cannon

    Nub Cannon New Member

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    The deed is done I sold the majority of my stack at $44 and $41and will buy back in later when the POS drops some more and I got some gold as well
     
    Nub Cannon, May 4, 2011
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