At what price are you selling?

At what price will you start selling? (AUD)

  • NOW

    Votes: 8 7.5%

  • $38

    Votes: 2 1.9%

  • $40

    Votes: 5 4.7%

  • $42

    Votes: 3 2.8%

  • $44

    Votes: 3 2.8%

  • $46

    Votes: 1 0.9%

  • $48

    Votes: 3 2.8%

  • $50

    Votes: 15 14.0%

  • Way over $50

    Votes: 59 55.1%

  • NEVER

    Votes: 8 7.5%
  • Total voters
    107
SilverDJ

SilverDJ

Well-Known Member
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.
 
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.
 
Revils said:
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.
Click to expand...

Indeed, it's a complete gamble.
 
I can see myself selling at 80, triple what I paid, watching silver drop down to under$20, and basically quadrupling my silver holdings :)
 
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.
 
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
 
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.
 
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!
 
Jislizard said:
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
Click to expand...

Paying down debts is wise.
To paraphrase an above quote, no one ever went broke paying off debts.
 
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.
 
shinymetal said:
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.
Click to expand...

How can you be so confident about this?
 
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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