Do you have a buy/sell price?

N

nbboy1123

New Member
Out of curiosity, do you have a set price you will always buy at? What about sell? Or does price not bother you when buying silver?
 
Gotta remain liquid buddy, yeah feel the rainbow hear the sun, look at this frog I kept in my pocket for nineteen days.
 
nbboy1123 said:
Out of curiosity, do you have a set price you will always buy at? What about sell? Or does price not bother you when buying silver?
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Personally, I will keep buying anywhere under $35, and will begin to slowly sell at $75.

This doesn't mean that's necessarily what you should do, nor is it a prediction for $75 silver.
 
Buy each month under A$24, sell some > A$60 sounds ok to me. Buy the sold .oz back again if it dropped back to A$30!

NEVER ever sell ALL, gotta always keep minimum 3 kg for those >$100 to $1000 per oz predictions ;) .
If A$20 pops up soon (US fiscal trouble Sept 2014??), will buy even more.
If it gets to A$15, gotta check the couch, car ashtray and the washing machine for loose change.
 
I keep a certain % of my assets in PM's. At present I am happy with the amount of PM's I have and the price is somewhat irrelevant.
 
Awesome. I like just having a rainy day fund. Buying an ounce or two every two weeks. That way when I retire I can sell stuff off of leave a silver mine for the kids! :)
 
nbboy1123 said:
Out of curiosity, do you have a set price you will always buy at? What about sell? Or does price not bother you when buying silver?
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I always buy at $10, and always sell at $100. It works for me. :)

Just kidding. Anything <$20 is a buy, and anything >$60 is a sell. However, do not sell everything you have.
 
10ozhound said:
Gotta remain liquid buddy, yeah feel the rainbow hear the sun, look at this frog I kept in my pocket for nineteen days.
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Lick the back of that frog and give a us a forecast!
 
Im a buyer until my cost average is equal to the cost of physical. My cost average is just over 30 and goes down a little with every purchase. I plan to sell at 35 /37/39. I always plan to have a core holding of a couple kilos in case the price goes crazy. Ideally though the gsr will get to qhere I would like and Ill trade into gokd rather than sell.
 
Just got into buying, so have had little time to think about it. But looking at what the other guys have said, looks like a good system.

So for me i think i will buy for anything under $25 and sell some if i can double it at $50+. I would probably sell half what i own, hoping for that big increase some seem to believe will happen. :) If it drops again to $25 or under atleast i could double what i sold. :)
 
nbboy1123 said:
Awesome. I like just having a rainy day fund. Buying an ounce or two every two weeks. That way when I retire I can sell stuff off of leave a silver mine for the kids! :)
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I'm exactly the same but my time frame is massive because I'm 24 I've got a long way to go, so basically I'm happy to see it drop as low as possible, I'd probably buy upto around the $40 mark and that's probably going to be smallish purchases, as for selling well I have never sold any so I can't exactly pick a number because my stack is mostly one offs not 100 times the same thing so I'd probably only sell if I'm in a bad spot financially
 
DanielM said:
nbboy1123 said:
Awesome. I like just having a rainy day fund. Buying an ounce or two every two weeks. That way when I retire I can sell stuff off of leave a silver mine for the kids! :)
Click to expand...
I'm exactly the same but my time frame is massive because I'm 24 I've got a long way to go, so basically I'm happy to see it drop as low as possible, I'd probably buy upto around the $40 mark and that's probably going to be smallish purchases, as for selling well I have never sold any so I can't exactly pick a number because my stack is mostly one offs not 100 times the same thing so I'd probably only sell if I'm in a bad spot financially
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32 here, so I got a long time frame to go too! :D
 
TreasureHunter said:
Every investor person should have a minimum and a maximum set in their mind.
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It's been a few months, but by my last calculation sell 100% of gold** at US$10,341/oz and probably won't bother holding after that unless circumstances change. Depends what the AUD (or currency of wherever we're living is doing at the time of course). Anything less than ~70% of this is a buy. Simples :)

Do I think it's likely the price will reach this in my lifetime? I give it less than even odds unless I become dictator in chief of the central bank (which I give a very low probability). I'll keep buying anyway as makes sense until then.

Silver => there is no such calculation although some people do love the 1:15 ratio (which implies $689) but I'm not a big fan of that number.



** Except possibly our wedding rings. :P
 
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