Getting out

[timmus0382]

I got in much later than most of you guys here. The majority of my physical was purchased at $34. I want to sell 50% of that at $68. Do you guys think its possible to see $68 within the next year or so? And do you guys think thats a smart thing to do?

[fusscharles]

smart? yes. possible? not likely. I think we are hitting a low pretty soon, and the market won't be back up until late next year (right around election time)

[Coppercrazy]

nobody can predict the future.Just sit tight with your silver...I think 68 is possible in a year or so,sell then if thats what you feel you need to do.I dont think thats the top for silver,though..but a nice time to take profit.As long as you commited at 34,you should throw more on the pile soon!This is a great buying oppprtunity.

[whatsnext]

I went to a local guy last Sunday trying to trade silver for gold (at a loss), but he did not have any. Ended up buying a 55$ kookaburra. Lose/lose

[Know Common Cents]

Actually, we're just one geo-political event away from a switch to fast-forward from the current unwinding of the silver market. I do think $68/oz is probably unrealistic for awhile, but bolt down your silver and wait.

I went through the $50 silver rise in 1979-80 and the subsequent fall to under $10/oz. I never gave up and increased my holdings at the lower prices when I had the money to do so.

Just because silver is in free fall with no parachute in site doesn't mean that it's any less able to protect you in hard times to come. Hang tough. You'll ultimately be rewarded.

[argent_pur]

This what has been happening over the last several months, and especially the last few days is the roller coaster ride that is precious metals. I have no idea what your goals are, so I can't say that your plan is good or bad.

I can say, however, that there is no excuse for anyone on this board to panic sell (not saying you are timmus). We (should) all know by now that wild ups and downs come with the territory---either hold your metal and use the funds elsewhere or use this insane drop to add to your metals position. As they say "Bulls make money, bears make money, and sheep get slaughtered."

[Thogey]

I love it! Measure your wealth in Toz, not dollars. It's going to be fun taking silver from the weak hands. It good to have the OPPORTUNITY to buy again.

Many of US have spent way too much time staring at the ticker and not appreciating the weight of our hoards.

Shake the trees, and pick up the fruit.

[Tourney64]

I didn't think I would have the opportunity to buy 2011 ASE like I do every year. Looks like the price is right. Most smart people are buying more, not selling. Fundamentally the US$ is in trouble. Real money (silver & gold) will be what is left standing in the end. $68 is possible, and soon if we don't get our house in order.

[argent_pur]

[quote="Tourney64"]Looks like the price is right. Most smart people are buying more, not selling. [quote]

This is great advice BTW for ANY investment class with solid fundamentals. Buy more when the price drops, simple. After all the articles, editorials, conferences, books, and videos written and made over the decades concerning buying low/selling high and not panicking when the chips are down...the masses still think like the masses, that's why they're the masses. Your emotions aren't your best investment advisors

[justoneguy]

I'm also looking to buy the right deals now.
I am very excited about "backing the truck up".
Well for as much as i can afford anyway.
Reminds me of the housing crash of the mid 80's
i bought my 1st house then.
People asked why would i buy i house now [then]?
they would say "You can't hardly give your house away in this market."
The very best time to buy is when everyone else is spooked

[HelloMeteor]

I would get out, but that's just me. Do you need to sleep at night? I do, and that's why I sold. I also discovered silver is not for me.

[argent_pur]

I would get out, but that's just me. Do you need to sleep at night? I do, and that's why I sold. I also discovered silver is not for me.

An investor who knows himself THAT is a fine quality and will protect against many a reckless and unnecessary financial blunders!

As an aside, I don't know what your views are about the future strength of our currency, but maybe you should consider gold. It, not silver, is THE ultimate currency insurance and its swings aren't nearly as drastic as silver. Since gold and the dollar tend to move opposite to each other, you can hold both and each one will hedge the other...it doesn't have to be an all-or-nothing deal (in fact, it shouldn't be). A little gold, a little cash, some stock, some bonds, and maybe a rare painting or two

Now go get some sleep...

[merchoarder]

I love it! Measure your wealth in Toz, not dollars. It's going to be fun taking silver from the weak hands. It good to have the OPPORTUNITY to buy again.

Many of US have spent way too much time staring at the ticker and not appreciating the weight of our hoards.

Shake the trees, and pick up the fruit.

Very well said! "Shake the trees, and pick up the fruit." I like that...

[Sheikh_yer_Bu'Tay]

I don't think we are at the bottom yet. Just a little ways to go. Back up the truck boys! No guts, no glory!

Silver has always been a wild ride compared to gold. You get used to it. Hi yo, Silver! Away!

[TwoAndAHalfCents]

The silver price today dropped lower than I was expecting but I'm kind of glad it did. Last night I committed to picking up more 90% silver coins if the price was going to drop today. It did and now tonight my stack has 40 ounces more of silver on top. I'm glad I stuck to my plan. Too bad I wasn't as committed last month when I told myself it was time to let go of some of my extra war nickels and 40% halves on the price run-up. Oh well, maybe next time.

[TwoAndAHalfCents]

I just re-read my post - 40 ounces - that's 5 pounds. I gained 5 pounds since yesterday!!!

[realfoot]

if you hold silver you must have a plan and you have to follow that plan through.i think ag is a long term investment(10+ years)anything short of that and you are subject to big market swings.buy at all levels to cost avg your stack.people that jumped in at the run up are getting killed.people that have been in for awhile and even bought during the run up can stand to ride it out.bottom line is have a plan and stick to it.don't let this free fall make you change your plan.use this as an opportunity to lower your avg and the next run up and run back down will be a little bit easier to stand.hold steady.

[franklin]

2.5cents:
Re-figure your guzzintas.