Wrong Time to Sell .....

Discussion in 'Silver' started by Golden ChipMunk, Dec 13, 2020.

  1. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Everyone have been spook with the pricing.

    Is it the right time to sell???
    Is it the right time to buy???

    I believe it is buyers market at the moment.

    Back up The Truck & Load The Wheelsbarrow.
     
    Markco2, 66rounds, kilo and 2 others like this.
  2. Jason1

    Jason1 Well-Known Member

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    it will go down after Christmas Like most years.
    that's my prediction.

    if some one is spooked by a decline in silver they have no place in this investment lol
     
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  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    My concern is that the AUD will drop and metals will go up by 10% in the new year!
     
  4. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Current AUD - USD 0.75

    Ag Spot is at $31.98 , Au Spot at $2445 - AUD
    Ag Spot is at $24.10 , Au Spot at $1843 - USD
     
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  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    In 5 years this question will seem silly haha.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Don't sell real money, that is gold and silver, unless it's for something else real such as real estate. Shit is about to hit the fan within the next couple of weeks.
     
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  7. paruwka

    paruwka Member

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    Poop is always about to hit the fan.
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I wouldnt even sell metals for real estate at this time. Real estate is way overvalued and metals are under.
    There are better times ahead for that I think.
     
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  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    There is always an argument to sell metal on the rise and buy back on the dip. Timing of course is everything and the exercise is not for the faint hearted.
     
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  10. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Depends on the metal I think.

    I know of a lot of people including me who have sold their silver for gold this year. All the silver I have left is proof or graded.

    If I'm looking for more metals exposure in 2021 it's probably in under hyped platinum.
     
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  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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  12. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    I don't think there is such a thing as a wrong time to sell, more likely there are wrong reasons to sell.

    I buy and sell regardless of what the manipulated spot price is doing at the time.

    Sure it might be more difficult to sell at a decent profit when the prices have been smacked down such as now, but not impossible.

    As a matter of fact I found a good buyer for some of my bullion sovereigns at $700 unexpectedly today.

    This will go nicely to pay of the uncirculated sovereigns that I purchased at two recent auctions for under $650 each.

    The only time when it will be wrong to sell silver or gold will be when the confidence in fiat currency's collapse together with the manipulation
    of the precious metals, then it will be time to hold on until the metals find their true value.

    Until then keep trading and stacking as if your life depends on it ( one day it just might ).
     
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  13. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Not when CHN bans AUS coal today.
     
  14. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    CHN haven't banned the majoriy of AUS coal
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Are they cutting on thermal or metallurgical coal? If thermal coal not surprising, the west has drastically cut down on thermal coal consumption in recent years, switching to NG. Does China buy NG from Australia?
     
  16. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Soon they will buy less.
     
  17. madaw1

    madaw1 Well-Known Member

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    Double win-- buy gold now,is still cheap -if AUD will drop your gold will go up 10%; if AUD will go up(I doubt)you will have gold instead of devalued fiat--you can't lose...:cool:
     
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  18. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    That’s right.... “IF AUD drops”.....
     
  19. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Have you seen AUD drops this past month?
     
  20. madaw1

    madaw1 Well-Known Member

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    If you are trading gold there is always risk (re AUD) if you are buying for life-who cares....
     

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