Buy, Sell, or Sit?

sammysilver

sammysilver

Well-Known Member
Silver Stacker
I have a few locked in trades over the next 2 days which will max me out so buying is not an option.
Thinking of selling some outliers in order to consolidate my stack and buy into some cheaper cast bars.
Next option is to put a price on the hoped for maximum, say $43 and sell everything other than a few premium coins and then buy back in on the dip.
Last play is to do nothing, sit around and talk shit and hope it doesn’t stop rising.
 
I remember a Pawn Stars episode I saw while staying at a hotel for work where a guy came in with 30k of silver to sell.
The youngins asked the old man what he thought about buying it and flipping it.
The old man is dead now I believe but he said "silver is for buying....it ain't for selling."
He had the boys buy it and it went into the old man safe.

I guess that's my opinion too for the most part.

Although I did convert almost 50% of my cash savings into metals last year, I can sell some of those if needed in the future for a nice profit.
 
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^^^
epic! but are we @ top of the wave, yet? Or are we expecting a six-foot monster wave???
 
I watch gsr ,when silver is running. Especially after a gold run.if silvers run starts to slow at the same time gold pulls back.if ineed a bit of fiat.i sell ag.as i did yesterday.caught pretty good spot rate.has already pulled back almost a buck.if it pulls back a bit more i will rebuy same weight.on that particullar trade i did well regardless.
 
It's hard to tell where the market will go. Most of us don't know, and least of all economists .

I was thinking of starting my own thread until I saw this. I was going to call it "PMs... good buy or goodbye?" It is a genuine question to those of us with a reliable glass orb!

I agree with investing cast low premium bars. No one is paying much of a premium these days. Under spot gets the sale.
 
sammysilver said:
I have a few locked in trades over the next 2 days which will max me out so buying is not an option.
Thinking of selling some outliers in order to consolidate my stack and buy into some cheaper cast bars.
Next option is to put a price on the hoped for maximum, say $43 and sell everything other than a few premium coins and then buy back in on the dip.
Last play is to do nothing, sit around and talk shit and hope it doesn’t stop rising.
Click to expand...


I am thinking to adopt your option 1 hahaha
 
sammysilver said:
Next option is to put a price on the hoped for maximum, say $43 and sell everything other than a few premium coins and then buy back in on the dip.
Click to expand...

It just hit $43!

I’ve sold all my outliers so just buying more cast bars for my core stock!
 
Has anyone find that its harder to sell gold & silver now days at today prices? It appears to take awhile even if selling at spot. I was heavily invested in silver before the 2011 crash, now still trying to recover from losses :(
 
I am starting to believe that we are in the dip. I am now totally maxed out on my purchases. I can’t see the climb slowing down anytime soon. I don’t think AU$50 is not reachable, at this rate probably within the week.
After that we are in uncharted territory. Need to research what happened when spot hit US$34.
 
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