Who is selling silver?

[Answer2me]

Anyone selling silver or switching to gold and waiting for the summer low to re-buy? What price point are you waiting for to exit silver?

[Plastic]

I am selling a small quantity of silver, not for profits but to convert the frn's recieved for more fruit trees to place in my orchard. Last year at this time it took the equivilent of 1.5 oz of silver per tree, this year it is roughly 2 trees for one ounce and I can't turn it down.

Today I grabbed 20 tart cherry trees between 4 and 5 feet tall and ordered 40 pear, tomorrow I am going to the same place and buy them out of plums, the few pears that they currently have in stock, and maybe 10 blueberry bushes.

All told this will put me at around 150 total fruit trees in various stages of growth, sadly it is about all my craptastic soil (sand) will support, besides raspberry/blackberry bushes which I am also slowly transplanting from the wild.

Food production > precious metals during SHTF IMO.

[Sparky]

Sounds good, Plastic. I just sold three ounces to get the first two complete seasons of Jersey Shore on high-def DVD.

Not!

[1970 silver art]

Last Saturday (April 30), I did sell 19 ounces of .999 silver to a local dealer for a profit. Spot silver was $47.94/oz at the time of this sell. I used the proceeds from that sell to buy some more rare 1980's silver art bars on ebay that were on my silver art bar wish list. I have been selling common-minted silver art bars and generic .999 silver rounds throughout this year in the silver run-up. The 2011 silver run-up has allowed me to get rid of the common-minted .999 silver art bars and .999 silver art rounds that I no longer wanted for a profit. As a result of the profits that I made this year, it has allowed me to buy the rare 1-oz 1970's and 1-oz 1980's silver art bars that were on my silver art bar wish list since this run-up also had some rare silver art bars coming "out of the closet" for a relatively low "collector premium" winning bid on ebay. Basically, I have been upgrading my silver art bar collection and I am very happy with the results. My silver art bar collection looks a lot different now than it did a year ago since I have more rare silver art bars in my collection.

[Eyebone]

I traded up last week.

The Silver I bought for 33.00 plus five a five dollar premium.
I traded at 47.. for gold.
Today I started buying Silver again.

I can't think about whether I got a good deal, I just got what I wanted.

[Grog]

I strongly considered trading silver for gold a week ago and did not.

I should have but hindsight is 20/20.

With this nice mid 30's dip I see a buying opportunity and am not beating myself up for doing the swap. Shouldda coulda woulda... I'm buying more silver and will continue to do so at sub 40 rates. My wife is questioning my sanity. She wanted me to dump it all last week.

Selling was not a consideration ever. It was more of a question of portfolio adjustment. (as the stock guys might say.)

[Plastic]

I strongly considered trading silver for gold a week ago and did not.

I should have but hindsight is 20/20.

With this nice mid 30's dip I see a buying opportunity and am not beating myself up for doing the swap. Shouldda coulda woulda... I'm buying more silver and will continue to do so at sub 40 rates. My wife is questioning my sanity. She wanted me to dump it all last week.

Selling was not a consideration ever. It was more of a question of portfolio adjustment. (as the stock guys might say.)




Ug der lat stinki uruk.

I almost traded silver for gold too but decided to continue holding out for single digits.

[Shami-Amourae]

Really good rant. Will make you feel a lot better:
http://www.youtube.com/watch?v=PWBzQZS2-8o

[Neuro]

I have sold about 450 ounces of silver granule, and I have about 120 ounces left, I bought 1x 100 g goldbar, and 10x 10 g goldbars... And the rest I keep in cash USD. The g/s ratio averaged to about 36.5, and cash was about 46$/ounce. I did good, soon time to back up the truck. Never had any problem buying silver granule here in Turkey at spot. The spread between buying and selling was less than a percent...

[madfranks]

Sounds good, Plastic. I just sold three ounces to get the first two complete seasons of Jersey Shore on high-def DVD.

Not!


Ha ha! You made me laugh out loud with that one!

[illumin19]

I also contemplated trading into gold about a week ago close to $47 spot, hesitated......

I basically want to wait for Silver/Gold ratio to be high 20's to 1, when that'll happen....don't ask lol.
High 40's and above ratio I stick with obtaining silver. The eventual goal is gold, to land and livestock the real wealth to me.

[Plastic]

No worries Herbs, convert that paper filth to something else tangible and it is like taking a long hot bath. For me as mentioned earlier it was trees, lots of them, all fruit bearing, heres the total list for this year.

pear
Asian 10 (6 feet tall)
Ayres 16 (8 feet tall and with blossoms)
Moonglow 15 (5 feet tall)
Bartlet 6 (6 feet tall)
Kieffer 1 (5 feet tall)

cherry
Northstar 2 (4 feet tall)
Montmorency 18 (4 feet tall)

apple
Golden delicious 3 (7 feet tall with blossoms)
Grannysmith 3 (5 feet tall)

plum
Methley 6 (10 feet tall)

Other fruit bearing things I nabbed on top of that are

Grapes
Concord 4
Catawba 2

blackberries
ebony king 17 all they had (38 total bushes now)

Currant
Red Lake 14 (all they had)

along with 2 rhubard starts, 30 bags of cypress mulch and 50 tomato cages.

All this for a measily 70 oz of Ag and it puts me at 130 fruit trees give or take.

food > Ag = soon imo.

Then again, I may just run all the apples and pears through a cider press, toss the juice into a few carboys, and..... *hiccup*

[Trinity]

I sold recently and used the proceeds to purchase cigarettes. :-\

[BrewTech]

I sold recently and used the proceeds to purchase cigarettes. :-\
I know the feeling.

[Plastic]

It will be a few years, but if we are not vaporized you have a deal. :P

This fall I still have to get the chicken coop built for some laying hens.
Next spring I'd like to put in 2,000 row feet of raspberries, a hundred or so rhubards, transplant several hundred wild strawberries I have growing around the house and another 50 trees...

Prepping sucks, but the rewards could be juicy and heavily intoxicating.

[Answer2me]

I see a precious few traded up for gold, very nice! According to Martin Armestrong the silver spike came in as expected on an 11 year high as predicted by his economic conference model. We actualy had a split high coming in the last week of April and the first week of may. Any time a commodity has a quick run up like silver did it usually means the kiss of death will follow shortly. I am surprised that more on the forum didn't sell or switch for gold. It has been a long time since we have seen a 32 to 1 gsr. Nothing goes up forever without correcting. It is simply amazing that time and time again people believe in a raising investment price to infinity! The next key date to watch is June 13/14 the end of qe2. Will this be a summer low or will silver make new highs?

[Plastic]

I see a precious few traded up for gold, very nice! According to Martin Armestrong the silver spike came in as expected on an 11 year high as predicted by his economic conference model. We actualy had a split high coming in the last week of April and the first week of may. Any time a commodity has a quick run up like silver did it usually means the kiss of death will follow shortly. I am surprised that more on the forum didn't sell or switch for gold. It has been a long time since we have seen a 32 to 1 gsr. Nothing goes up forever without correcting. It is simply amazing that time and time again people believe in a raising investment price to infinity! The next key date to watch is June 13/14 the end of qe2. Will this be a summer low or will silver make new highs?


There are alot of us here (myself included) who expect the GSR to go into the single digits, that is what I am holding out for. There is plenty of gold in the bankers vaults, this is not true for silver.