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Thread: At what price would you start to sell your silver holdings?

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  1. #1
    Ardent Listener Guest

    Default At what price would you start to sell your silver holdings?

    At what price would start to sell-off at least some of your silver holdings?

  2. #2
    Ardent Listener Guest

    Default

    None of the above.

  3. #3
    silvers Guest

    Default No way

    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.

  4. #4
    Join Date
    Aug 2009
    Location
    Cowtown, Alberta
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    1,166

    Default

    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.

  5. #5
    Jake is offline Silver Seeker Senior Member Site Admin
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    Quote Originally Posted by Ardent Listener View Post
    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.
    Last edited by Jake; 15th November 2009 at 17:28.

  6. #6
    Join Date
    May 2008
    Posts
    1,005

    Default When I need to buy something in cash.....

    but not before $200 an ounce! Unless of course I lose my job. Then things might be different..

  7. #7
    Join Date
    Jun 2008
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    $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.

  8. #8
    Jake is offline Silver Seeker Senior Member Site Admin
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    Quote Originally Posted by skijake View Post
    $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

  9. #9
    Join Date
    Jun 2008
    Posts
    2,316

    Default

    Quote Originally Posted by Jake View Post
    Yep...Watching Penn State
    10 to 3 over Northwestern
    Is it a gorgeous day or what?
    World coming to an end?
    Not today.

  10. #10
    Join Date
    Dec 2008
    Location
    Rochester, MN
    Posts
    228

    Default

    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.

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