I reckon many will sell at this time. Not me I'm waiting for a few more years for much higher prices. What about you?
I am selling at $126. The current amount of silver I have has to get to $126 before I can afford to buy the boat I am after and pay off the amount of money I spent on the silver. Of course if it is a slow climb to $100 I would be sitting on the silver but if it starts to go exponential then I will sell it all and wait for the crash to buy it back again. It's not much of a plan but it is all I have.
Silver going up, house prices coming down, it might just happen! None of that seems to be happenning at the moment but hopefully it will, and sooner rather than later, if the government will stop interfering with the process.
IF it gets to $AU100, then it's likely to head higher. $AU100 silver means the world as we know it is finished. I just don't think we'll see it above $AU50 for several years to come. It's stuck in a rut. Europe is playing out less horrible than we thought. The US still kicks the can down the road. A patient of mine (a Rio Tinto exec) was telling me the Chinese are playing their inflationary fears the right way. We're more likely to stagflation than inflation. Happy to be proven wrong though. I'd happily trade my ounces for a few median houses mortgage-free...
I may be selling part of my stack around $90ish USD because the metals seem to have a large dip once they reach milestone targets. Gold had a big dip once it reached $1000oz its happened with Silver twice at $50....I think a lot of people will turn on the sell signal at $100 or the comex will force them too. Hard to say though, depends how fast it gets to $100...
i'd like to sell some of my stack fairly soon - i have a mortgage plus a home equity line of credit - both with decent rates, but i'd like to pay them off. so i've got a price targets, and if those targets are met i'd sell some stuff i never particularly liked in the first place. so while i am stacking for good, i hope, selling in the 50s, 60s, and 70s is definitely my goal. but i'm in no hurry.
Depends on what Gold is doing in relation. If gold is not moving as quickly and that means the GSR gap is closing to 15:1, 10:1 or lower I'll be likely trading Silver to Gold instead and holding. In this world concerning money, all roads eventually lead to gold.