Time to sell?

J

Jislizard

Well-Known Member
Silver Stacker
Who was that stacker back in 2011 who sold at $49 and everyone told him he was an idiot because silver was going to the moon and then it crashed almost immediately afterwards? I wonder what he is doing now, if he ever bought back in.

Remember last time how they started making divisible silver bars and rounds so that when silver went to the moon people would be able to split the bars because they wouldn't be able to afford a whole ounce?

Also, anyone got an exit plan they want to share?

Last time this came around I still had 15 years + of working so I could afford to miss it and wait for the next peak. Now I don't have many more years to work and I would hate to miss this one and have to eat cold beans knowing that if I had only sold earlier I could have afforded to heat the beans up.
 
1Tim58 said:
The best way is to sell half your stack. That way if you don't get a chance to buy back in you're only half as upset.
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I did this with the silver in my Self Managed Super Fund, sold about half of it when silver hit $40. I took some profits but still had plenty left to enjoy this current rise.

I might have to dollar cost average on the sales, sell a bulk lot every couple of months and then not stress too much if it drops.
 
Jislizard said:
Who was that stacker back in 2011 who sold at $49 and everyone told him he was an idiot because silver was going to the moon and then it crashed almost immediately afterwards?
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I remember a post from "intelligencer" saying he was getting out.
 
I think it was Silversale.He had a lots of back and forth comments with bullion baron. BB said it was going to the moon and its a bad time to sell and as we all know what happened the other side got it right.
 
boston said:
The posts and topics back then appeared to be much more stimulating and thought provoking, with more than a modicum of respect to the various viewpoints.
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The whole forum was alive with people speculating on where it would go and there were a lot more posts. A lot more general buzz and excitement too.

Mind you, I don't think it is just the forum that is quiet, last time we had such a price rise the bullion shops were running out of stock and there were queues out the door of people trying to buy silver. You could buy silver but you had to wait 3 months for delivery. There wasn't a shortage of silver, just a shortage of silver in a saleable form.

I remember winning an online auction from some mineral and gem website and then the seller told me that he didn't have the silver available only to turn around and relist it the same day. Prices were rising that quickly.

The only silver I could find to buy online were the Royal Australian Mint Kangaroos from a coin collecting forum, which at $50 each were well overpriced until spot hit $50 and I bought about 10 of them before posting where to find the remaining ones on the forum, and the rest went within the hour. Finally made my money back on them!

I guess this time around there are more things to be worried about which drowns out any excitement, 2011 was a happier time :)
 
Time to sell? I want it to be time to buy! Come on price, correct back to 20 so I can start my stack. Then go to the moon. Thank you in advance.
 
Its always been tough to make a decision when to sell, for me buying is a lot easier.

I would only sell if I want to take a profit or loss.

Off topic:
Modern bullion product premiums reduce sales, just because Perth Mint can sell $9 over spot doesn't mean that is the market, selling requires fixability.

Right now its a buyers market.
 
Jislizard said:
I did this with the silver in my Self Managed Super Fund, sold about half of it when silver hit $40. I took some profits but still had plenty left to enjoy this current rise.

I might have to dollar cost average on the sales, sell a bulk lot every couple of months and then not stress too much if it drops.
Click to expand...

This is how to do it. Well done.
 
No, already run out of it by then. I started swapping my gold for silver when the GSR got into the 60s. 1/4 at 65, 1/4 at 70, 1/4 at 75 and the last bit of gold at GSR 80. It had been in the 45 -55 range for years so it looked like a good time to start the swaps. Now just got to wait for it to go down into the 40s and I can swap what is left of the silver back into gold. Might be waiting a while.

Haven't had gold in the stack for years after the swap, until October last year, started loading back up after that. Better late than never. Dollar cost averaged it so some are up 27% and some are down 4% but over all I am up by 11% since I started buying back in.

I have stopped buying for the moment, probably have enough precious metals at the moment.
 
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