Who Would Sell Gold or Silver Now?

[Country]

2011 will be the last year in which it is still relatively easy to find and purchase gold/silver bullion and that those who have not yet begun to do so consider making this move immediately.

http://www.kitco.com/ind/Berwick/apr072011.html

[Corsair]

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[Country]

I guess those who don't have enough SILVER, should buy it THIS YEAR - maybe right now....

The real point of the article that was interesting is that those who have their PMs, would be very reluctant to sell to those folks who want more or don't have it in 2012 onwards. Why are you selling your PMs anyway?

[beauanderos]

I guess those who don't have enough SILVER, should buy it THIS YEAR - maybe right now....

The real point of the article that was interesting is that those who have their PMs, would be very reluctant to sell to those folks who want more or don't have it in 2012 onwards. Why are you selling your PMs anyway?

This is the same issue I have been trying to convince fellow members of each time they think about taking a quick profit. The same thread gets bandied about every so often. Will you sell at 13X face? 14X face? $20? $30? I'm sure we will see some selling at $50, as it is a psychological milestone and a temporary pullback might be in order at that point. But anyone with any sense should be able to discern that a widespread, severe silver shortage is approaching, and scarcity will soon develop of listings from the fewer and fewer people willing to sell. It is a self-reinforcing loop, so that as the price rises those on the verge of selling begin to think "if I wait, maybe I can ask for a few dollars more." And as those few retract their listings, the bidding only grows fiercer over remaining lots.

[whatsnext]

Well if everything works out I'll be getting a 10oz bar in a week or so

I was thinking of posting this very tread asking the same question. It is weird to see all these lovely things being posted. I havent bought anything this year so I feel I can go out on a limb and not worry at all.

EDIT
OK so now that I think about it a few people are sounding the overbought trumpet. I myself have been in the overbought mode since $25. Well it keeps going from my original view that 32 was a hard door to push through and 35 was the years end mark. Sure it is possible to fall and overbought it might be but how far can it fall? I will buy more when it does and I know there are people joining this forum who are wanting in but are shy about jumping in right now.

One thing is for sure the uncretainty of 2008/2009/2010 is still here and it is not being corrected. So pullback or not there is probaby a little more room for growth.

Hell the offical solution is to pump the housing market back to the levels it fell from. That means they want people flipping houses and a bubble again. They will blow a bubble somehow someday it is all they can do.

To the sellers I hope you get twice as much as you had or got something awesome for your patience and good investing

[Rodebaugh]

Always buying......always selling.......and always holding a core.

[blackrabbit]

I'm with Rodebaugh, buy, sell, trade up! I have been at least doubling my money, with stuff I have been selling lately, but I am still buying if the price and product is right. Like a couple Englehards I just bought right here on realcent! Can't wait to get em!

[Heartkill]

The only things I've been selling lately are deals that I pick up at estate auctions. I sell for under spot, take my profits, and re-invest the money in more to resell. Rinse and repeat. I usually end up adding to my own stash with the profits anyways.

[Country]

What you gonna do when nobody will sell to you? Perhaps soon, the SILVER you've sold is SILVER that you will be unable to get back at any fiat price.

[Rodebaugh]

What you gonna do when nobody will sell to you? Perhaps soon, the SILVER you've sold is SILVER that you will be unable to get back at any fiat price.

Thats what the core is for

Never more than 10-20% in liquid FRN is a good rule of thumb for me......and the shorter the time the better.

[Thogey]

What you gonna do when nobody will sell to you? Perhaps soon, the SILVER you've sold is SILVER that you will be unable to get back at any fiat price.

Thats what the core is for

Never more than 10-20% in liquid FRN is a good rule of thumb for me......and the shorter the time the better.

That's the thing. You need FRNs to live. If you make the decision to be 'all in' and your self-employed, cash flow is a day to day struggle.

But the goal is to come out net positive in silver.

I have feeling Doc and I work our personal situations very similar.

[fusscharles]

shortly after it passes 40 bucks- maybe $43, im dumping.... waiting for a pull back, then going back in.

[justj2k78]

Buying all I can afford in .999 at this point.

[TXBullion]

shortly after it passes 40 bucks- maybe $43, im dumping.... waiting for a pull back, then going back in.

Thats what she said

[Thogey]

shortly after it passes 40 bucks- maybe $43, im dumping.... waiting for a pull back, then going back in.

Thats what she said

nice! That might be the sickest 'that's what she said' joke.

Mrs Thogey is laughing her ass off. Trust me that is an accomplishment.

[Rodebaugh]

I have feeling Doc and I work our personal situations very similar.

I would agree with that assumption.

[Dvorak]

Always buying......always selling.......and always holding a core.

I have trouble with the selling part. Once I hold them in my hands, they become part of my family and I just can't stand to let them go. Of course, I'm going to need to break that habit if I want to keep buying!

[aristobolus]

shortly after it passes 40 bucks- maybe $43, im dumping.... waiting for a pull back, then going back in.

Context gentlemen, context. Do you think the manufacturing jobs are coming back? As congress argues over a thirty to forty billion dollar difference in spending cuts, our debt accumulates at over a trillion a year. The Federal Reserve is the largest buyer of of our money. China wants out, Japan is now forced out, will the U.S provide a context for a strong dollar? Weak dollars purchase less and less bullion, but I hope your right about all of this.

[dougefresh]

As a buy and hold kind of guy, I would only sell if I needed paper money for something. To me the whole Idea of buying PM is to get into real "money" and out of paper fiat. Now if your buying to turn it over and buy more, then that's a business model of making money on the spread. Nothing wrong with that, just not my cup of tea for now.

[Mossy]

Only if I need FRN's for some reason. Inflation is going to destroy the dollar shortly.

[Pennysaved]

I don't think there is anything wrong with selling some of the hoard for a nice profit. If you bought at $15 to 18 and you can now sell for over $40.

I am sure there are a lot of people back in the late 70's that would have wished they would have sold when silver hit $50.

I am not saying silver will go back down to $4 tomorrow or any time in the near future but you don't want to get too greedy.

If you sell some, then you have cash on hand if an awesome deal comes along (ie like that Jack Hunt deal or a coin show where a dealer is selling below spot) or if there is a correction and you buy on a dip.

[GA-Silver]

Buying......bought a 1945 quarter for $1 off a guy yesterday!