Bailing out in 2013, or are you in love?

Greenman

Greenman

Active Member
Silver Stacker
Everyone has a price, right?! If silver's price goes to the moon (LOL) in the coming year (2013), at what price would you bail out and why?

I know some, like me are in it for the long haul, others are waiting for a $5 increase, and still others don't know why the hell they are buying. But there has to be a price you would cash in, right? Or does there? I think the price we would accept per ounce goes some way to revealing our PM strategy (if we have one). Have you considered what you would do?

For me...it's more of a matter of I wouldn't bail out. Not at $100/oz. Not at $150. It's not enough. I might be tempted if it hit hit $200+ and looked like a big bubble was about to burst. However (and I wonder how common this is), I think I'm falling in love with my PM and might be unwilling to let it go :| *

On the other hand, if I bailed and used the cash to pay down (not off) the mortgage (and hyper-inflation caused me to lose my house anyway), I would regret the sell big time!!! Especially if my stack increased to a point that I could afford another house with it.

So, my final answer...I'm not selling in 2013. I'm just going to continue to stack...I think. What about you?

*Disclaimer: I am only half serious on this point. :P
 
I certainly have a dollar point when im selling some if it takes too long to get there i will sell before .

The money could be put to use elsewhere to make money.
 
Interesting points. I'd like to think I'd not sell next year even if silver got to $200...waiting till wide spread loss of confidence in fiat money has always been my goal. But the reality is if it went that high next year I'd sell all but a few coins.
 
I do not want to witness the likely events that would send silver "to the moon" in one year. Let's hope that it does not do that.
 
I have a new strategy, I buy a minimum of 10 ounces Silver on payday, quarter ounce of Gold on alternate pays, it is amazing how quickly the stack grows. Definately in for the long haul, maybe sell 24 years hence.
 
I suspect silver will do one or more of the following things:

a) Have large resistance at the $50 Mark and take some time to get over it

b) Shoot through $50 and hit about $60-75 then have a big crash

c) Eventually get to $98-$99 then have a big crash

Silver and gold usually correct just before reaching milestone prices like $50 (sil), $1000 (gol), $2000(gol) etc
 
Ill sell when my stack con be converted into a small apartment that provides monthy income and little upkeep or a small business that can provide me with a job. That said if we see mid 40s again next year Id sell half my stack if gsr is over 40 with the goal of buying in on the fillowing smack down or if the gsr is under 40 I would trade half into gold annd reaccumulate the silver on dips.
2010 taught me a theres no danger missing the bpat as long as manipulation exists there will be smackdowns and buying opportunities. Sometimes it makes sense to take profits and you can always sell and buy back in and end up with more ounces if you time it right.
 
I have devided my silver stack ( on paper) into parts

Part one gets sold when it pays for a certain % for the type of real estate i have my eye on

Part two ( coins ) is for survival spending if anything ever does happen ( god forbid )

Part three is again devided into three sections . One gets swapped to gold at 40 : 1 gsr . Part 2 gets swapped at gsr 35;1 and the last part at 30;1 .

Hopefully it works but until then i am still a buyer of silver.
 
its my super, when i sell it will be piecemeal to pay bills not in one big lump
in about 30-40 years time
$1000 an ounce would convince me otherwise
 
I had a chance to let some numismatics I paid about spot for go for $60, and I gladly did, but I only bought more ozs with the fiat.

Other than situations like that, I don't plan to sell unless

a) I need the fiat for something specific
b) I've made a serious profit (silver at 60+) and I believe a bubble is going to burst (and if this happens, once it does, I'll rebuy the silver)

I'm long term, PMs are better than a savings account, but I encourage diversification.
 
Yippe-Ki-Ya said:
Like in RE?? :lol:
Click to expand...
Pretty much. Different asset classes perform better at different times.

If you had bought real estate in 1990, held until 2005-06, then sold, you'd be going a lot better than silver went.

Come 2006, sell house, buy silver, ride the wave up.

Good luck picking these times though! ^_^
 
Greenman said:
Everyone has a price, right?!
Click to expand...

WRONG!! Some of us think in terms of value ... there's a very big difference.

Greenman said:
If silver's price goes to the moon (LOL) in the coming year (2013), at what price would you bail out and why?
Click to expand...

That's a very silly question indeed. Are you saying that people should "bail out" at some point whilst bankers are sill creating money out of thin air and central bankers are running the financial system? All because the "price" of silver has gone up due to the theft of inflation by central planners? :lol:
 
Yippe-Ki-Ya said:
Greenman said:
Everyone has a price, right?!
Click to expand...

WRONG!! Some of us think in terms of value ... there's a very big difference.
Click to expand...

Can you clarify the difference please?
How do you measure the value of your silver?
 
Greenman said:
Everyone has a price, right?! If silver's price goes to the moon (LOL) in the coming year (2013), at what price would you bail out and why?

I know some, like me are in it for the long haul, others are waiting for a $5 increase, and still others don't know why the hell they are buying. But there has to be a price you would cash in, right? Or does there? I think the price we would accept per ounce goes some way to revealing our PM strategy (if we have one). Have you considered what you would do?

For me...it's more of a matter of I wouldn't bail out. Not at $100/oz. Not at $150. It's not enough. I might be tempted if it hit hit $200+ and looked like a big bubble was about to burst. However (and I wonder how common this is), I think I'm falling in love with my PM and might be unwilling to let it go :| *

On the other hand, if I bailed and used the cash to pay down (not off) the mortgage (and hyper-inflation caused me to lose my house anyway), I would regret the sell big time!!! Especially if my stack increased to a point that I could afford another house with it.

So, my final answer...I'm not selling in 2013. I'm just going to continue to stack...I think. What about you?

*Disclaimer: I am only half serious on this point. :P
Click to expand...

Price points to determine action are subjective.

What are the conditions of the market and economy when silver is $200 per ounce?

Is silver going up in value based on investor demand / climate conditions whilst other commodities and prices stay stagnant?

Or is silver going up because of massive inflation and everything else going up at the same rate of inflation (hence a zero sum game?).

Depends if you're a short term commodities trader, long term phyz stacker, SHTF planner or because you don't trust the paper markets.

A lot of conditions determine why we're here and as much determines why people will leave the market.


Since I bought my stack 100% from cash conversion (and no credit), I'm not reliant on capital gains to manage holding costs.

I can literally put the silver in the safe and forget it's there and get on with life.

My attitude is that silver is money and the rest of the world is simply yet to realise it.

If silver goes 'to da moon' as many speccies hope it does tomorrow, fact is, you'd probably not want to swap it for paper anyway.

A lot of 'what ifs' in discussing an exit strategy, but for me an actual 'price point' in fiat paper is one of the last reasons why I'd trade out of my money.
 
wrcmad said:
Yippe-Ki-Ya said:
Greenman said:
Everyone has a price, right?!
Click to expand...

WRONG!! Some of us think in terms of value ... there's a very big difference.
Click to expand...

Can you clarify the difference please?
How do you measure the value of your silver?
Click to expand...

Value is determined by how much goods and services can be obtained for your gold or silver.
A good example is property... how many ounces of gold or silver does it take to purchase the average family home?
Another example would be how many loafs of bread can one get for an ouce of silver?

It's pointless using currency (dollars) as a measure of value because of central bankers and governments agenda of constantly devaluing currency via their theft method of choice - inflation.

As an illustration of how ridiculous it is to think in terms of a dollar price at which to exit...
Let's say - for the sake of argument - that one reckons that $200/Oz is a very good amount at which to sell your silver...
Currently it's at around $30/Oz, so of course $200 sounds like a hellova deal!

But if silver had to reach $200/Oz, can you imagine how the currency would have been devalued by central bankers/planners up to that point? Would $200 buy you much more then than $30 can now?

I seriously doubt it!

Nuff said...
 
There is a flaw in your argument in 2010 you couldve sold in the high 40s. our dollar then had more value than now. Now you can buy physical for around 31 bucks. So you could have easily sold a portion of your stack then and bought back in at 30 increasing your holdings by over 50 % I fear Yippee that when the bubble bursts you still be left holding the bag. I am not convinced of fiat currencies immediate doom. Its too profitable of a raquet and the general public is completely ignorant I see this game being played for a long while yet and buying and selling at the right time can get you more of the shiny stuff.
 
RetardedMonkey said:
Yippe-Ki-Ya said:
Like in RE?? :lol:
Click to expand...
Pretty much. Different asset classes perform better at different times.
Click to expand...

umm... the "time frame" we're talking about here is sometime during 2013...
RE sure ain't gonna turn from being the rotten investment it currently is into a good/undervalued asset class by then! :lol:
 
someone say my name
2741_1511767.gif


its a good time to be buying not worry about selling now if i can just lay my hands on some plastic with numbers on it :D
 
Yippe-Ki-Ya said:
renovator said:
I certainly have a dollar point when im selling some if it takes too long to get there i will sell before .
Click to expand...
oh yeh? and what dollar point might that be? :D


renovator said:
The money could be put to use elsewhere to make money.
Click to expand...

Like in RE?? :lol:
Click to expand...
Ah yippee yippee yippee for someone that spouts the virtues so much you seem to sell a lot ive seen multiple threads of yours selling the shiny.

Have you ever seen me sell anything ? Im not sure who really has the faith here .

Its irrelevant what my number is . I bought some a few years ago that makes my stack worth less .I was still buying until it hit around $35 last year & i hit my goal so my average is less than the spot price now .

Unlike you & some of the others i look at the $ value & think of what i could do with that $ to make money & if i think it will be better turned to $ i will sell & make guaranteed profit instead of praying .

There comes a time when you need to look at it as a return for investment over a given time scenario . I will never sell all of it just the portion i have for the gamble .the other is the hedge

As for what i will spend it on ......wouldnt you like to know :lol:

RE is far from the only thing i make money on . Even if it was im absolutely positive if we had the same amount of money & i put it into RE & you put it into PMs i would make more money faster than you even if i had to borrow money & pay interest on it .
 
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