I don't plan on selling anytime soon. If I need to pay some bills I would, but silver for me is just a nice hedge against inflation (though a volatile one) I wouldn't mind selling and trading up to gold, but I think that could have tax consequences, even though my stash is small.
Yes, all of it at 46. Will start gradually and slowely buying it all back at around 37 as I think this slide is going to be a hard road down to the mid 20s.
I cashed in all of my 90%'s Halfs, Dimes, Quarters before silver hit $45.00 on its way down. I have lots of one oz rounds that are staying right where they are. I took the proceeds and managed to upgrade to a couple pieces of gold (.25's and .50's) and still managed to pay off a bill or two with cash still in my pocket.
I am waiting for my coin shop to open, he pulled all bullion off the shelves yesterday and stored it in his vault. The only thing available that was silver was "Junk" silver or Maples (Not anymore ) and a ton of ASE at 2.00 over melt. I wanted
to pick up some more of the eagles this morning but he was closed, of course it was early, but he was still closed.
I think silver won't stop until the low 30's and will stablize for awhile. Once that stabilization occurs it is "Load" up the pile time because it will take off like a rocket. This drop is caused by the big boys and Stop Loss on the market.
I sold $750 face value of 40%ers to APMEX for about 9K when silver was $43.40 an ounce a few weeks back. Problem is I sent it Registered Mail with the USPS and it was lost a.k.a. stolen so I am now in the process of filing an insurance claim to get back all of my money. This sucks, but I am happy my money is on its way in a few weeks - thank GOD for insurance!!!
I sold all Face but (10$ in Quarters and $120 Face 40%) above 40$ I then turned this into 9 sets of ATB at $950. . Did just have to dump 150 ozt of sterling at 40. Should have shipped it overnight. $60 bucks shipping cost me 7 bucks a ozt. Woops
Still holding bullion with cash on the side to buy more.
I'm primarily holding mine as a hedge against a weak dollar, so not much reason to sell.
I started thinking about selling 10-25% of my Kennedys to lock in some profit since it felt like silver was due for a crash, but I have been so busy I just never got around to it.
No I was waiting for $50 a oz but it didn't get there. I just may have to take a lost on the profit. As I need some cash to help with my bills. I just hope it dosen't fall to far by this weekend.....Matt