CubanHunter
Jr. Member
Hey All, Wicka here
I lurk on this every time there is a post and I was hoping someone could help me out,
I hit a good silver dump a month ago. 5 solid rolls of quarters.
The price of silver is a little shake-y at the moment, would it be a bad idea to sell (some) of the coins while price is where it's at so I can reinvest it (when/if) the price drops below 30$ an ounce? The only thing I'm worried about is that this recent drop is to get people who aren't the strongest supporters to sell their silver so it can sky rocket... with all circumstances it should rise significantly, but I want to be able to have the most possible when it goes up.
Any advice would be greatly appreciated!
Wicka
There are many opinions on what to do and not to do with our CRH finds. I think that many us young folks want to see the stack growing and make a profit to reinvest in more silver. I do see the wisdom of the long term folks but I think that if you are cautions you can play the game and win it too. I don't think silver will skyrocket, it will go up and down like everything else but not to infinity and beyond like may people think. Now your quarters will always be quarters they will never be worth more than spot. What I do is I transform my junk into bullion coins that I know show an opportunity of numismatic gains. It is a bit tricky but you can find some numismatic patterns that will double your investment in a few years. Example one game I have being playing is the silver Britannia's coins. Every year they mint only 100.000 coins and they sell them for almost 5 over spot. Now you can check that that all dates including the 2010 is selling for more than $50 that is almost over $10 of profit the older they get the more they cost. My exit point is at $45 and my entry is at $26 when it gets to $45 I will sell my junk and when it gets to $25 I will buy my numis. Of course that is just me. I do not believe in silver conspiracy theories and that kind of stuff if I believed in that I would not sell and only store my silver.
