SELL MY SILVER STACK?

[panther]

is this going to correct again, or is the world craziness/wisconsin craziness going to drive silver more towards $40?

I've got 2 rolls of eagles and $50 face.. have offer from craigslist to sell the rolls for $700 each and 23.5x on the face (all quarters and dimes). sell or hold? :/

[Sheikh_yer_Bu'Tay]

There are people here who would glady pay that much for your silver.

I would hold it for at least two more weeks.

But, I could be wrong, also.

[beauanderos]

if you don't need the cash, I would wait

[tbram88]

I would say it depends on when you got it (what you paid) if this is a bump,you could clean up and replace it all again next week or two.

If I paid around 15x for 90% I would jump to sell and wait for another dip. It really depends on what you think will happen in the near future.

I thought I won when I sold my hoard at $20.00 a few years ago, I was wrong and am still rebuilding.

Good luck...Bob.

[panther]

i paid between 18-20x. i buy and sell a lot, i was up to about $100 face but cashed out at 20.25x a few weeks ago.. FAIL...

id just kick myself if these protests about pay cuts spread to other states.. this could get serious!

[Beau]

i paid between 18-20x. i buy and sell a lot, i was up to about $100 face but cashed out at 20.25x a few weeks ago.. FAIL...
id just kick myself if these protests about pay cuts spread to other states.. this could get serious!

don`t worry now Hold On, silver will always go up and down, buy what you can in

the dips, and if you want to sell when silver goes up, but that is a bad way to go if

you are tight on money.


I hope the pay cuts do not spread to other states, but if they do don`t worry we

will make it some way, we have before and will again.

the Egypt thing is spreading to other countries is what bothers me more than the

USA.

the other thing is food because of the freeze in Mexico and Florida.

GOOD LUCK
Beau


.

[blackrabbit]

Rebellion is afoot throughout the world, just hit China. Uncertainty leads the elites to stockpile that which has always held value rather than their worthless paper so I am betting that prices are still going to go up a bit in the near term probably close to 35. I think Sheikh-yer-booty is giving good advice on holding for a couple more weeks.. Robust demand over spot on the feebay makes me think it won't go down below 30 again. Just my opinion based on my limited knowledge.

[davycoppitt]

I think Ill be dumping some in the coming weeks. My plan is to buy back this summer if it corrects, but if it doesn't I might just stick it into gold at this ratio.

[IdahoCopper]

I think the turmoil in the Mid-East is the presently most significant driver.

The thing to remember is those Arabic cultures are really, really big on revenge. Now that the governments are shooting and killing the protesters, it will only fan the flames until the regimes are deposed.

[97guns]

if you don't need the cash, I would wait

a agree, is there a better vehicle right now to store your FRN's? you guys that trade pysical will get shut out one day when you go to rebuy, imo physical is cor accumulating and hoarding and nothing more.

[Treetop]

if you don't need the cash, I would wait

a agree, is there a better vehicle right now to store your FRN's? you guys that trade pysical will get shut out one day when you go to rebuy, imo physical is cor accumulating and hoarding and nothing more.

I agree totally. There could be money to be had doing such things, day traders do it all the time and some of them very well. But thats all on paper without the original premiums. I find it very likely it will jump 10-20 over a month or two period, and find much higher bottoms, many people will loose their stack trying to play with things we cannot fully anticipate.

Take this for instance, a friend of mine bought in at 17 or so a few years back, then cashed out just over 20. He was grinning ear to ear since I had held mine, and strongly suggested he not play around. He bought back in at around 14 or so having done better calling the ceiling then he did the floor (which was around 10 I think), but still had gotten a solid chunk more silver and was pleased.

So then when we had our recent price surge, (not this one, but the one that brought us to the 30 range to begin with) and he was ready to go again. I dont know the exact numbers this time but he did NOT call the ceiling this time. He called me swearing to me he was seeing the same indicators, and I should sell. He sold several dollars below the peak, then when it dropped a bit, and headed back up, he bought back in at 4-5 dollars over what he had sold for afraid he would be cut out entirely. It has yet to drop below what he sold at!!!!! Although it did go a bit below what he bought back in at. Long story short he lost a little between the two deals. Which really annoyed him because I called one of the peaks and then a small drop and ended up upgrading my collection a bit, not that thats a big deal I didnt end up with more silver.... but it was fun.

[Lemon Thrower]

in think the changing of the puppets is a sideshow and the main event is the short squeeze on the comex. rumors are that the chinese are long silver and will stand for delivery. they just jacked up the margin requirements (which was the ace up their sleeves to take down the Hunts in 1980) and it had no effect. should be some fireworks this week.

[shinnosuke]

If JPMorganChase truly has the power to manipulate the silver market as many believe they do, and, if there is a short squeeze about to happen, why can't JPMorgan allow the prices to make a sudden jump to shake out some sellers (a bunch of players who bought at $15 or $20)? If many playeers sell now, it will allow JPM to buy a lot and ease their critical position. wouldn't it be better for us to hang on? I understand, of course, that many will want to cash out though.

The fundamentals for a US sovereign default remain unchanged. I say hoard and hold and buy some more and never sell until things get really bad and then only let go of your AG a few dimes at a time.

[Coppercrazy]

I too think its time to hold unless you need to cash some in for some emergency expense.Im kicking myself for not buying in the 26s I was so close to hitting up my local coin and pawns,but stuck to rolls instead...i feel like buying a little junk at spot at the coin shop tomarrow just to prove to myself that im all in,and not just a bargain hunter! silver at face is awesome even if its one in 5000 (last dime bag)

[exbingoaddict]

The decision to hold or sell depends on one’s objective.

If you’re looking to cash out and take profits, then consider selling. You don’t have to sell it all. You can sell some and take the money off the table. See what the price does next. If you’re objective is to have silver as part of your net worth, than consider holding it.

Figure out what your objectives are first then you’ll be able to answer your own question better. If silver has a place in your overall net worth, what % is it? How many .oz’s do you want to hold? Etc…

[Devil Soundwave]

So your advice is to sell it if you want to sell it, or keep it if you want to keep it?

[exbingoaddict]

So your advice is to sell it if you want to sell it, or keep it if you want to keep it?

Devil, did you miss the part about, what is the objective?

None of us know what this person's financial picture looks like. Maybe s/he needs the money. If so, then yes, sell. If you don’t need the money, then it’s whole other kettle of fish. My point is what is your plan for the silver? Is it taking profits or is it part to your overall financial picture. Answer those questions and you’ll be better equipped to answer the question of when to sell or not sell.

It’s the same way you approach investing in stocks or bonds. Is this a trade? i.e. do I sell it once it moves 10% up or down. You think some hot software company is about to have a good (or bad) earnings surprise. Or is an investment that you plan on holding unless the story changes. I.e. buying dividend paying blue chip stocks, such as a utility company.

Point is, have a plan. But always remember that A) God laughs at your plans and B) Plans, like the wind, can and will change over time. Even though we can’t predict the future, like Boy Scouts, you should “Be Prepared”.