To sell or not to sell???

[$ilver$urfer]

Are any of you planning on selling at the tail end of this run? I am thinking of unloading quite a few ounces of Ag once the price breaks $40 an ounce. I work with APMEX because they pay 96%+ of melt for junk 90% silver and bars/rounds and I feel it is a safe method as well. Is this too early to sell or do some of you truly believe the price will hit $50 or more? I appreciate any advice you may have!

HH,

$ilver$urfer

 

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[brendan1414]

Id be astounded if it hit $40. i guarantee it wont hit $50 this year.

 

[jim4silver]

Are any of you planning on selling at the tail end of this run? I am thinking of unloading quite a few ounces of Ag once the price breaks $40 an ounce. I work with APMEX because they pay 96%+ of melt for junk 90% silver and bars/rounds and I feel it is a safe method as well. Is this too early to sell or do some of you truly believe the price will hit $50 or more? I appreciate any advice you may have!

HH,

$ilver$urfer

My only advice is don't take anyone's advice on issues regarding the price direction of PMs. Nobody knows for sure what is going to happen, especially over the next few months. Everyone has an opinion, but they are not any better than yours per se.

If you hold silver/gold as security in the event of a breakdown in the dollar/economy, etc, then don't sell it unless the price goes way up and you believe the "bubble" is going to crash forever. You may never get to buy back at lower prices if you sell now to try and shave a few bucks profit. If your holdings are less than 10% or so of your net wealth, put it away and forget about it until you see people running to the coin stores to buy silver/gold (not sell it like they do now mostly), then it might be time to sell.

If you are using physical as a trading vehicle you should consider ETFs. No matter what anyone says about them not being as good as physical, they are great for short term trading if that is what you are in to, because you get in and out at the exact price since there are no "premiums" per se, only commissions which should be 7 bucks or less per trade. For long term holding I recommend holding physical only, and I would not "trade" with more than 10% of my total PM stash value in ETFs, etc.

Id be astounded if it hit $40. i guarantee it wont hit $50 this year.

You should talk to the former poster who swore silver would never see the low 30's again back when it almost broke 50 this past May. He basically called me and another poster !diots for saying silver was due for a correction and might make it back into the low 30's, high 20's. He said it would NEVER go back that low. I cannot remember who it was, but I don't think he posts here anymore

I am not saying I know silver will hit 50 by Christmas, but I would not be shocked at all. It went from 20 to nearly 50 this past year and the news now is even worse for financial meltdown in Europe and here then it was during that time period, irregardless of whatever it is they are saying about reaching an "agreement" to bail out some of the European countries.

All just my opinion.

Jim

 

[manorman]

If Greece, Spain And Italy countinue to have problems gold and silver should go up, but if the dollar gets stronger gold and silver will have limited gains, or not just my guess.
Mike