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misteroman
Administrator
USA
2565 Posts |
 Posted - 12/13/2009 : 22:50:53
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Say it got up there again like it did 30yrs ago. Would you sell and cheer or just realize the end is here and the worst is yet to come?
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 12/13/2009 : 23:02:53
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| If it did, I'll sell about 20 ounces for a short vacation. I think it's possible, especially if the banks start lending again. I'd be surprised if silver went below $15 again. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 12/14/2009 : 10:49:27
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| I would sell the junk silver like the war nic and the 40% halves |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 12/14/2009 : 13:37:22
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| Question is, would anyone be buying? These things go in cycles, they would put off purchases until prices came back in reason. |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 12/14/2009 : 15:41:23
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quote:
Originally posted by AGCoinHunter
Question is, would anyone be buying? These things go in cycles, they would put off purchases until prices came back in reason.
If my understanding of markets is correct, the price can't go up unless someone wants to buy it! |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 12/14/2009 : 17:07:50
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If the SILVER spot price approached $40, it would be because large institutions/investors have decided to accumulate SILVER. Big Money would be willing at that time to fork over their fiat for PMs in a panic. That is why others patiently accumulate PMs when the Big Money folks are not yet interested.
Core stashes of PMs are not a speculation. They are a store of wealth for a time in the future when they will provide confort to those who have acquired them. |
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– Theodore Roosevelt
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/14/2009 : 17:11:38
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a couple of thoughts.
before you buy, you should think through when and how you will sell. you should only buy things that can be sold. For example, a 100 ounce bar is much harder to sell than 100 1-ounce bars. Also, rounds marked .999 are much easier to sell than .925.
second, if you have things that are not desirable, now is the time to trade them. if you think 40% is undesirable, sell it now when things are calm and reinvest in 90% or .999 or whatever.
third, the last time (1980) prices went parabolic. look at a chart from back then and pay close attention to the time span when the price was that high. there were a lot of people left waiting for the price to go back up. now, some respected commentators make excellent arguments why PM prices will stay up permanently this time, but think about when you will take some off the table. There are very sound arguments for silver going to $120 or higher, so start thinking about this now. When silver gets north of $100, i'm going to slowly start diversifying and paying down my mortgage, etc.
fourth, one the price gets that high, things happen a lot faster. ironically, there will be more buying demand with higher prices than there is now. it will be a frenzy.
fifth, try not to think in terms of dollars. look at relative value. what would you want to spend your money on and what does it cost in ounces of gold or silver? think about productive assets, like a farm or timberland. Just because PM's hit $100 does not mean they are expensive. Arguably silver is more undervalued today at $17 than it was 4-5 years ago at half that price. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 12/14/2009 : 17:56:57
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| Very good advice, LT. If silver spikes but other commodities don't, it would be a good idea to maybe sell some and diversify (selling an over-valued asset to buy an undervalued asset). But if all commodities spike at roughly the same time due to hyper-inflation, this would be a sign of currency crisis rather than metals mania and thus it might be wiser to sell slowly as your demand for paper money arises. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/15/2009 : 08:31:28
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quote:
Originally posted by AGgressive Metal
Very good advice, LT. If silver spikes but other commodities don't, it would be a good idea to maybe sell some and diversify (selling an over-valued asset to buy an undervalued asset). But if all commodities spike at roughly the same time due to hyper-inflation, this would be a sign of currency crisis rather than metals mania and thus it might be wiser to sell slowly as your demand for paper money arises.
its a good point to always be looking at relative value.
however, i expect monetary commodities like gold and silver to increase far more than other commodities. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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What if silver got upto $40+ an ounce again???
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