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View Full Version : At what price would you start to sell your silver holdings?



Ardent Listener
18th April 2006, 17:35
At what price would start to sell-off at least some of your silver holdings?

Ardent Listener
18th April 2006, 22:14
None of the above. :wink:

silvers
18th April 2006, 23:58
You will see me depart with my silver at these levels. Just like gold, the train has just left the station but the journey will be long.

DaleFromCalgary
31st October 2009, 14:37
We're in it for life, and death will not release you.

Actually I'm not going to sell at a trigger price but wait for the ratio to come down to 40 or so.

Jake
31st October 2009, 14:55
At what price would start to sell-off at least some of your silver holdings?

That's like asking..."At what point will you sell the dollar bills in your wallet?"
Answer:...When I need to buy goods or services with it. Fortunately, I don't need to do this now, but, in the future, I envision a time when I either sell or trade small amounts of my silver for what I need such as a can of beans for a mercury dime, or a box of Kellogg's Corn Flakes for a 1957 ave. circulated condition quarter.

I gathered the price per oz. data for Kellogg's Corn Flakes going back to 1946, compared it to the price of silver per oz. to determine how silver has kept up with the price of a product that has essentually not changed in 70 years.

My attached Thumbnail shows that the same amount of silver can be used today as was required in 1946 to buy a box of Kellogs Corn Flakes:

The moral of the story?
Hold your silver and you will discover that generally, you'll be able to buy the same stuff in the future for the same amount of silver you have today even if inflation sends those products higher.

Relayer
31st October 2009, 16:02
but not before $200 an ounce! Unless of course I lose my job. Then things might be different..

valerb
31st October 2009, 16:20
That's like asking..."At what point will you sell the dollar bills in your wallet?"
Answer:...When I need to buy goods or services with it. Fortunately, I don't need to do this now, but, in the future, I envision a time when I either sell or trade small amounts of my silver for what I need such as a can of beans for a mercury dime, or a box of Kellogg's Corn Flakes for a 1957 ave. circulated condition quarter.

I gathered the price per oz. data for Kellogg's Corn Flakes going back to 1946, compared it to the price of silver per oz. to determine how silver has kept up with the price of a product that has essentually not changed in 70 years.

My attached Thumbnail shows that the same amount of silver can be used today as was required in 1946 to buy a box of Kellogs Corn Flakes:

The moral of the story?
Hold your silver and you will discover that generally, you'll be able to buy the same stuff in the future for the same amount of silver you have today even if inflation sends those products higher.

That's true at today's prices for Silver, but that wasn't the case just a few years ago when silver was hugging $4 - $5 an ounce. Now if it will just get back to it's historical ratio with Gold, which would put us at $65, you'll be able to buy a case of corn flakes for the same amount of Silver.

It doesn't matter what the price of Silver is, if it's due to hyperinflation. However, if it's due to a Silver shortage, I think I will start unloading in one thousand ounce chunks at around $50, assuming the spot price is in a sideways move. Kind of dumb to unload if it's jumping two or three dollars or more per day. I plan on holding on to the bulk of my Silver, in case it ever reaches the mythical $100 plus figure. I would just hate to see it go to $70 or $80 and then have it crash without cashing in on my original investment.

The $50 level is not that great of a return if you bought in at $17, but It's a great return for the old timers that bought in a $4 - $5. So I would expect a lot of those that jumped in late to hold on for a much higher figure than $50 an ounce, just like those of us that did buy at $4 -$5 are holding on for much higher numbers than we see today.

Then there are those that bought in at $17 and will sell when it's in the $20's, some just looking to make a quick turn around, while others will sell for fear it will drop back down again.

I just don't want to be one of those that never sells because they are always waiting for the top, which no one will ever know what that is until it's behind them.

There were probably an awful lot of people that didn't sell their Silver back in 1980, waiting for it to keep climbing and when it started to drop, they hung on, hoping it would climb back up again. You know there are some out there that bought in the $40 range and are still holding it today, waiting to break even.

Sooner or later, that Silver express is going to depart the station and it's any one's guess what the last stop will be.

Jake
31st October 2009, 16:31
That's true at today's prices for Silver, but that wasn't the case just a few years ago when silver was hugging $4 - $5 an ounce. Now if it will just get back to it's historical ratio with Gold, which would put us at $65, you'll be able to buy a case of corn flakes for the same amount of Silver.

It doesn't matter what the price of Silver is, if it's due to hyperinflation. However, if it's due to a Silver shortage, I think I will start unloading in one thousand ounce chunks at around $50, assuming the spot price is in a sideways move. Kind of dumb to unload if it's jumping two or three dollars or more per day. I plan on holding on to the bulk of my Silver, in case it ever reaches the mythical $100 plus figure. I would just hate to see it go to $70 or $80 and then have it crash without cashing in on my original investment.

The $50 level is not that great of a return if you bought in at $17, but It's a great return for the old timers that bought in a $4 - $5. So I would expect a lot of those that jumped in late to hold on for a much higher figure than $50 an ounce, just like those of us that did buy at $4 -$5 are holding on for much higher numbers than we see today.

Then there are those that bought in at $17 and will sell when it's in the $20's, some just looking to make a quick turn around, while others will sell for fear it will drop back down again.

I just don't want to be one of those that never sells because they are always waiting for the top, which no one will ever know what that is until it's behind them.

There were probably an awful lot of people that didn't sell their Silver back in 1980, waiting for it to keep climbing and when it started to drop, they hung on, hoping it would climb back up again. You know there are some out there that bought in the $40 range and are still holding it today, waiting to break even.

Sooner or later, that Silver express is going to depart the station and it's any one's guess what the last stop will be.

What are you rambling on about?

skijake
31st October 2009, 16:31
$5 an ounce would do it for me.
That's when I started buying and by the time it gets there again I will cash out because the Dollar will be huge and all the anti-Silver Bugs will have been proven right.
Also the St. Louis Rams look a lock for a playoff birth and subsequent SuperBowl victory with a last second 99 yard Hail Mary touchdown pass against the Oakland Raiders for the most exciting SuperBowl spectacle ever.
Uhhh,,What was the question again? Beers are going down good today.;)

Jake
31st October 2009, 16:32
$5 an ounce would do it for me.
That's when I started buying and by the time it gets there again I will cash out because the Dollar will be huge and all the anti-Silver Bugs will have been proven right.
Also the St. Louis Rams look a lock for a playoff birth and subsequent SuperBowl victory with a last second 99 yard Hail Mary touchdown pass against the Oakland Raiders for the most exciting SuperBowl spectacle ever.
Uhhh,,What was the question again? Beers are going down good today.;)

Yep...Watching Penn State
10 to 3 over Northwestern

cabtrom
31st October 2009, 16:34
well i got in at 20.00 so i would like it to get to at least 26.00 - 27.00 before i catully make somthin.

skijake
31st October 2009, 16:34
Yep...Watching Penn State
10 to 3 over Northwestern

Is it a gorgeous day or what?
World coming to an end?
Not today.:cool:

Jake
31st October 2009, 16:40
Is it a gorgeous day or what?
World coming to an end?
Not today.:cool:

Absolutely Beautiful here in northern california paradise---Flipping back and forth between Penn State and Claifornia...Go Bears...Go Nittany Lions!
http://hungpham.sj2.org/wp-content/uploads/2009/09/go-bears.jpg
http://www.centrefortravel.com/images/penn-state-logo.jpg

skijake
31st October 2009, 16:43
Absolutely Beautiful here in northern california paradise---Flipping back and forth between Penn State and Claifornia...Go Bears...Go Nittany Lions!
http://hungpham.sj2.org/wp-content/uploads/2009/09/go-bears.jpg
http://www.centrefortravel.com/images/penn-state-logo.jpg

Good Luck Brother, I'm out! :cool:

valerb
1st November 2009, 14:37
What are you rambling on about?

It wasn't corn flakes and beans.

Bullseye
1st November 2009, 19:39
I'm not looking for a profit or "dollar amount" Something inside me,7 months ago told me, hey if your going to save money....dont get invoved with banks
or real estate..take the extra "cash" you can save and invest in something from the beggining of time. Well being a heavy equipment operator for 24 years,traveling the U.S. for 23 years,enjoying myself and raising 4 children,
I HAVE NEVER HAD A PROBLEM FINDING A JOB!!!! But now it's a different story.I feel the world we live in is about to change.....for the worse.....I'm
relatively "new" to the PM market and I wish i could have bought gold when
I made the good money, instead of living in the now!! I bought silver on a gut instinct.....I could "profit" right now....but I think it will be useful as a barter
tool..which will be more profitible than wiping my @ss with paper that could give me a disease or "ink" poisoning.I feel it's all about to implode and I'm
keeping my physical silver for things that are priceless...like eating or trading for medical supplies..or paying a band of thugs to keep the f&2k away from me cause I dont want to waste the bullets I do have on them...SO I will hold out, until the end of times.... Hey if it doesnt turn out like "I" think, well the kids can foolishly spend it how "they" choose.

akak
1st November 2009, 19:47
It wasn't corn flakes and beans.

Hey, I thought Valerb's post was pretty coherent and logical. I agree with him that the price, in and of itself, does not mean much, as it could be skyrocketing during a hyperinflation or currency crisis, as he points out, and it would be foolish to sell any silver at such a time just because some arbitrary dollar figure had been reached in the process.

I absolutely cannot say when I would sell any silver --- it all depends on what happens with the dollar, the economy and the world financial system. There are too many variables involved for me to even hazard a guess right now.

MiloMorai
1st November 2009, 21:14
I'm gonna unload when the price goes to 2000 Amero's an oz

Jan 1 2010

valerb
1st November 2009, 21:32
than wiping my @ss with paper that could give me a disease or "ink" poisoning.

Now that's putting a new spin on the value of a worthless fiat currency. It's not even safe to wipe your ass with!!

Argyria
1st November 2009, 22:00
Now that's putting a new spin on the value of a worthless fiat currency. It's not even safe to wipe your ass with!!

No, but you can burn it to stay warm. Just don't inhale the smoke.

valerb
1st November 2009, 22:08
No, but you can burn it to stay warm. Just don't inhale the smoke.

And I thought I was being smart, keeping all my cash in $20's, so as not to draw suspicion in a crisis. Twenty singles will provide twenty times as much heat as a single $20. Now that's something to think about.