| Author |
 Topic  |
|
|
dakota1955
1000+ Penny Miser Member
2212 Posts |
 Posted - 05/31/2009 : 17:26:28
|
|
I was wondering if silver goes up near the twenty dollar range if it would a good time to take a profit and hope that we would hit a down turn to buy back in. Any thoughts from those you are smarter than I?
|
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 05/31/2009 : 17:32:00
|
quote:
Originally posted by dakota1955
Any thoughts from those you are smarter than I?
Unfortunately this request disqualifies me..
I am sure some will want to sell on this run up. I can't give you the answer whether it is a good time to sell, or when you should, I am holding long term and I feel silver could hit $30+ in the next 10yrs maybe sooner...
Take my DCA, 30$ would give me an annual ROI of about 8% at 10yrs, not too many investments with a solid return like that, safe and steady is my plan... |
 |
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 05/31/2009 : 17:40:54
|
Think why you bought/acquired your silver stash?
If you got your silver (or ETF) for speculation (timeframe months), you probably had a profit exit point in mind as to when to sell. If you've met your profit goal, sell. If you have not met your goal, hold on.
If you got your silver as a collectible because you liked it and you still do, keep it. If you no longer like this silver in your collection, sell or trade it away.
If you got your silver as a longer term investment (timeframe years), would you buy more now at current prices? If yes, keep it. If no, sell it.
If you bought your silver for times of trouble, the SHTF scenario, NEVER sell. This is your vehicle to maintain some wealth for you or your family in the future. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
|
|
|
Nickelless
Administrator
USA
5580 Posts |
|
|
buyingsilvers
Penny Collector Member
441 Posts |
Posted - 06/01/2009 : 04:31:36
|
if you have a good "core position" that I mentioned in the other thread, I see nothing wrong with selling, trying to time the markets or to swap into gold. Right now, I think it takes roughly 61 toz of silver to buy 1 toz of gold. Not too long ago, that ratio was much higher. Anyways, just don't sell that "core position" no matter what. As nickeless says:
quote:
You don't want to be left holding only paper after the dollar dies and precious metals are once again the only real form of money.
|
|
|
|
Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 06/01/2009 : 18:46:39
|
| I bought into gold in 2004 @ $400/oz and I'm still holding. Never thought it would be trading at the levels it is now. I only wish I had acquired more gold then. It's tough to time the market. I recommend keep buying silver in increments while it is on the way up, and if it drops, keep buying it as your cash will buy more ounces of silver. Just be aware of the risks if you decide to sell it. You may not be able to acquire it again at these prices if it continues to climb. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/02/2009 : 18:04:14
|
| If you are considering selling speculation silver then I think we are closing in on a price peak by the end of this week or maybe into next week. How high?, who knows, but I'm now thinking it will peak closer to $18 than $20. The market usually drops off during the summer. With the falling dollar that might not be the case this year, but silver will have a harder time of it maintaining steam this time of year. But if you are considering taking profits then consider what your replacement cost of rebuying small bar physical silver might be even if it drops. IMO, 1,000 ounce bars are about the only practical way anymore to speculate in physical silver and not get eaten up with premium costs. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
| |
Topic |
|
when is it a time to take a profit
Forum Locked
