How to sell when the silver price is high?

[Miksture]

So now that silver has dropped we see that supply is falling off overseas and if it drops further here we will see the same.

That got me to thinking. When the market goes highi again won't there be a corresponding sell off? Do the bullion dealers stop buying? Do they take a bigger buying margin off spot?

 

[Revils]

Q: How to sell when the silver price is high?
A: Travel back in time

 

[sammysilver]

The easiest way to sell is not to have hundreds of different types of coins, rounds and bars, stick to a minimum and sell in bulk.

 

[Jislizard]

When it was around $50 and looked to be going to the moon it was a very odd time.

Silver coins that had sat on coin shop shelves for decades were being snapped up. Junk silver coins which were being sold on auction sites were suddenly "lost" and they sent you a refund only to put the same coins up on the site the same day to see if they could get a higher price for them. Long queue outside bullion shops, 6 week waits for delivery. Shortages of blanks for coin production leading to fears of a silver shortage. Lots of family silver being sold off.

Very odd indeed.

High silver prices bring on a flood of new investors looking to get in on it as well as loads of people looking to get some quick profit from silver they have which has gone up in price.

Somehow it all seems to work

 

[Miksture]

When it was around $50 and looked to be going to the moon it was a very odd time.

Silver coins that had sat on coin shop shelves for decades were being snapped up. Junk silver coins which were being sold on auction sites were suddenly "lost" and they sent you a refund only to put the same coins up on the site the same day to see if they could get a higher price for them. Long queue outside bullion shops, 6 week waits for delivery. Shortages of blanks for coin production leading to fears of a silver shortage. Lots of family silver being sold off.

Very odd indeed.

High silver prices bring on a flood of new investors looking to get in on it as well as loads of people looking to get some quick profit from silver they have which has gone up in price.

Somehow it all seems to work

So in general, if a stacker wanted to sell off some of their stack to take advantage of the $50 price, it wasn't too hard?

 

[Ernster]

No need to worry at all....plenty of sales going on at $50.

 

[fishtaco]

No need to worry at all....plenty of sales going on at $50.

Yes I just bought a Perth Mint WTE 1oz silver coin for $50 off another member, no collectable value but i wanted one because I didnt have one so people will still pay $50 an oz even at these lows.

 

[Caput Lupinum]

There's this nifty bullion dealer called Gold Stackers where you can buy unallocated silver and sell back to them whenever you want without the need to find a buyer. All the "if you don't hold it, you don't own it" aside, it surprising works.

 

[argento]

Personally believe its easier to sell when the price is moving up.

As we have all seen, there have been numerous investors/stackers getting out of pm's over the pass two years.
But when spot decides to head north again, you will find the reverse will happen.

Plus I don't think you will have any difficulty selling to a dealers , regardless of price.

The only thing that I would say , if pm's start going up again......be very, very, cautious about buying on ebay
Its amazing how many fakes start popping up.
(if you think ebay is full of fakes now, wait and see what happens when spot starts going up again)

Stick with reputable dealers and members and you will be OK.

 

[dccpa]

So now that silver has dropped we see that supply is falling off overseas and if it drops further here we will see the same.

That got me to thinking. When the market goes highi again won't there be a corresponding sell off? Do the bullion dealers stop buying? Do they take a bigger buying margin off spot?

Where are you seeing silver supply falling off overseas? If you say America, put on a dunce cap and go sit in the corner.

 

[mmissinglink]

Personally believe its easier to sell when the price is moving up.

As we have all seen, there have been numerous investors/stackers getting out of pm's over the pass two years.
But when spot decides to head north again, you will find the reverse will happen.

Plus I don't think you will have any difficulty selling to a dealers , regardless of price.

The only thing that I would say , if pm's start going up again......be very, very, cautious about buying on ebay
Its amazing how many fakes start popping up.
(if you think ebay is full of fakes now, wait and see what happens when spot starts going up again)

Stick with reputable dealers and members and you will be OK.

I think that's a good and important point. The sales by investors and some stackers, I think, are generally on the moves up so long as there is widespread belief by the general masses that prices will rise considerably higher. Look where the smart money comes in. look where the public comes in. Where the public comes in is where the smart money sells I believe. This is basic and fundamental investment cycling:

.

 

[Cheepo]

So now that silver has dropped we see that supply is falling off overseas and if it drops further here we will see the same.

That got me to thinking. When the market goes highi again won't there be a corresponding sell off? Do the bullion dealers stop buying? Do they take a bigger buying margin off spot?

Now the price is high. 3 times what it was 11 years ago! If you had bought 3 years ago you would be making an amazing profit!!! Sell now, either on ebay or here or bring it to a shop. The price is set to drop. The price can't possibly be staying this high for a long time.

 

[SilverDJ]

There's this nifty bullion dealer called Gold Stackers where you can buy unallocated silver and sell back to them whenever you want without the need to find a buyer.

That is essentially "trading paper", and several dealers in Australia do that.
ABCbullion, and https://www.bullioncapital.com/ to name two.
Note that with Gold Stacker & ABC, if you want to sell you have to email or phone them, you can't just do it online instantly.
With Bullioncapital and MetalDesk you can bull/sell at any instant, making a profit in a day if it swings more than the 1% buy-in + 1% sell-out fee + margin.

 

[Golden]

So in general, if a stacker wanted to sell off some of their stack to take advantage of the $50 price, it wasn't too hard?

Are you kidding? When silver was 50$ it was EASIER to sell it than today.

 

[Pirocco]

So now that silver has dropped we see that supply is falling off overseas and if it drops further here we will see the same.

That got me to thinking. When the market goes highi again won't there be a corresponding sell off? Do the bullion dealers stop buying? Do they take a bigger buying margin off spot?

Now the price is high. 3 times what it was 11 years ago! If you had bought 3 years ago you would be making an amazing profit!!! Sell now, either on ebay or here or bring it to a shop. The price is set to drop. The price can't possibly be staying this high for a long time.

In april 2011 I've read on the Kitco forum that then at $40-50 the price was low. Because silvers price adjusted for inflation since 1980 was 3 times it. Then it was "Buy now, either on ebay or get it from a shop. The price is set to rise. The price can't possibly be staying this low for a long time.". Then it was "last chance to get in".
Those that listened ended up as the biggest buy-high suckers.
Maybe it's now sell-low sucking.

Btw your "bought" should have been "sold". Fruit of a mind - lips differences?

 

[Pirocco]

So in general, if a stacker wanted to sell off some of their stack to take advantage of the $50 price, it wasn't too hard?

Are you kidding? When silver was 50$ it was EASIER to sell it than today.

This makes me remember, again (haha!), that forum-misleader theplantguy on Kitco forum.

https://www.kitcomm.com/search.php?...rteronly=1&exactname=1&searchuser=theplantguy Page 4 is the period.
STAGE 1: PERMABULL - TRICKING PEOPLE TO BUY THE PRICE HIGHER:
$38 https://www.kitcomm.com/showthread.php?t=79452 04 april 2011 "Great way to start the week......don't you think?"
$39 https://www.kitcomm.com/showthread.php?t=79517 05 april 2011 "39 ...One more step up the ladder"
$40 https://www.kitcomm.com/showthread.php?t=79723 07 april 2011 "Thursday..............Yet another up day"
$41 https://www.kitcomm.com/showthread.php?t=80243 13 april 2011 "Hump Day...........Up Day"
$42 https://www.kitcomm.com/showthread.php?t=80318 14 april 2011 "Killer Thursday............Movin' on up"
$43 https://www.kitcomm.com/showthread.php?t=80419 15 april 2011 "A Fabulous Friday............Great Finish For The Week"
$44 https://www.kitcomm.com/showthread.php?t=80679 19 april 2011 "Monday.........Up Up and Away"
$45.5 https://www.kitcomm.com/showthread.php?t=80932 20 april 2011 "A Whale of a Wednesday............45+"
$46.50 https://www.kitcomm.com/showthread.php?t=81069 21 april 2011 "A Thundering Thursday...............Look at that puppy go!!"

STAGE 2: GRAB PROFIT AT THE HIGHER PRICE:
$49.50 25 april 2011 (morning) PEAK 1

STAGE 3: TRANSFORMATION PROCESS BETWEEN PERMABULL AND PERMABEAR:
(including 1 change-mind due to a double top occurrence)
$46 https://www.kitcomm.com/showthread.php?81423-How-is-this-morning-for-a-little-reality 25 april 2011 10:13 AM "How is this morning for a little reality?"
OW PRICE RETURNS TO HIGH LET'S SWAP BACK TO PERMABULL:
$48 https://www.kitcomm.com/showthread.php?t=81462 25 april 2011 04:09 PM "Monday Mayhem.............Y'all survive? Monday Mayhem............Y'all survive? What a day. Actually, not all that bad. The long term trend is still up. Just a minor bump. A "little" more volatility than usual."
$46 https://www.kitcomm.com/showthread.php?t=81576 26 april 2011 "A downturn of 2 days or 2 weeks is not significant in the over all scope of things"
$49.50 28 april 2011 PEAK 2
$48 https://www.kitcomm.com/showthread.php?t=81937 29 april 2011 "Silver..........Something to consider"
$44 1 may 2011 SECOND PROFITGRAB / NOW THEY ALL GET OUT

STAGE 4: PERMABEAR - TRICKING PEOPLE INTO SELLING LOWER:
$33 https://www.kitcomm.com/showthread....never-going-to-sell-what-benefit-is-it-to-you 7 may 2011 "Silver...If you are never going to sell, what benefit is it to you?"

ADDENDUM: A LITTLE POST-PROFITGRAB (POST-MORTEM FOR THE BUY-HIGHER FOLKS) CHIT CHAT ABOUT THE PROFITGRAB:
https://www.kitcomm.com/showthread....old-physical-at-the-top&p=1346165#post1346165

"A 5 minute call to my bullion dealer. A little friendly haggling over price, and the deal was done. Truck picked up my silver on Wed, funds wired to my account today. You need a very good relationship with your dealer. I've talked to him at least once a week for almost 10 years."

That bullion dealer was probably hedged, so received the for the $50 purchase - compensating dollars, from the same suckers, DURING the price uptrend.

Note from the editorial department: the price is now 1/3 of the price then, and the judgement-high or low references, once again, the same price as 3+ decades ago. Funny heh? Sometimes bull and bear have a same chair to monitor the world from haha.