Sell your SILVER? What price?

[Spectrism]

Just curious.... from Ximmy's thread in PM section... question came up about selling price of silver.

Assuming you had any silver... and I suspect nobody has any left.... but IF you did have some, at what price would you sell it?


also- if you sell.... you cannot buy more for at least 1 week.

[gunDriller]

Just curious.... from Ximmy's thread in PM section... question came up about selling price of silver.

Assuming you had any silver... and I suspect nobody has any left.... but IF you did have some, at what price would you sell it?

$50 an ounce for the Silver, and $5000 for submarine rental to visit the site of the boating accident.

[Spectrism]

I would think the risk of selling is not being able to replace it with physical. If you can be assured of a physical buy at $30, then selling at $40 would be a good deal. So... think about selling and not being able to buy back for at least 1 week.

[Sparky]

Why didn't you choose a more evenly distributed list of choices so that we could actually get a sense of where people's sell point is?

[Spectrism]

Why didn't you choose a more evenly distributed list of choices so that we could actually get a sense of where people's sell point is?

Because I am strictly an amateur. Actually- I thought the trigger would be in the $40 range, and then figured we should not be able to buy back right away.

We could narrow it down in another... and see if this changes over time.

[Sparky]

I would think the risk of selling is not being able to replace it with physical. If you can be assured of a physical buy at $30, then selling at $40 would be a good deal. So... think about selling and not being able to buy back for at least 1 week.

Yes, inability to replace it in the short term needs to be part of this hypothetical.

[mamboni]

I would think the risk of selling is not being able to replace it with physical. If you can be assured of a physical buy at $30, then selling at $40 would be a good deal. So... think about selling and not being able to buy back for at least 1 week.

Backwardation with a $10 premium on the present cash price.

[Spectrism]

I would also figure that the supply could be shut down (like ammo) if the right triggers happen. That is the risk of selling now. If govt decided that the mint would not produce any new silver coins and all transactions had to be govt approved for critical industries, that would put a damper on supplies.

[Ponce]

I wrote $200.00 but the price will be a hell of a lot higher.....to sell it for what? greenbacks?.... I don't need the cash, I did't get the silver for that........when it goes way up I might sell it for what? trade it for what.......my dream island "Silver Island" is now only a dream because I am now (and feel it) to old........Maybe a couple of 26 years old nurses to take care of me.

Like I said before, my dream is to die with all my money and all my silver because that would mean that TSHTF never did happen....but we know that it is happening right now.

V

[Norweger]

I sell for profit.

[Hitch]

I chose $100 because if it jumped to that price today, I'd sell some and perhaps buy some land. Otherwise, the little amount of physical I own I bought for the long haul. I believe one day in our lifetimes we will see silver shoot to the moon. May take 10 or 20 years, but to me it's a long term holding. Or, if shtf, for survival purposes.

[Spectrism]

I sell for profit.


Written like a true Ferengi.

http://1.bp.blogspot.com/-tZ02sCIm14M/UGUMR1fT6vI/AAAAAAAAA14/kW35AP1l8es/s200/0ferengi_highlight.jpg




I chose $100 because if it jumped to that price today, I'd sell some and perhaps buy some land. Otherwise, the little amount of physical I own I bought for the long haul. I believe one day in our lifetimes we will see silver shoot to the moon. May take 10 or 20 years, but to me it's a long term holding. Or, if shtf, for survival purposes.


Yes- the silver is a means to something else. Wealth preservation.... exchange for some other value.

[chad]

i'll sell some at $150 and pay off the farm, put in a second well, put in a wood burning kitchen stove, and buy a winchester 1873.

[vacuum]

I don't really get physical to play the market, but I might sell 15 - 20% at $150.

Beyond that point it all depends on exactly what is happening to cause the price to rise. Is the price of everything rising, or just gold and silver? etc

I'm not quite sure about the question though, like if some guy on craigslist offered to buy in cash at that price today? Well, I'd probably sell it for $40 and then re-buy it on apmex the same day, since they have metal in stock. Looks like it's not available anywhere?

[Hitch]

Beyond that point it all depends on exactly what is happening to cause the price to rise. Is the price of everything rising, or just gold and silver? etc

Good point. It really depends upon the circumstances surrounding the price rise. When the dollar bubble bursts, and the dollar goes kaput, I won't sell at any dollar price.

[Hitch]

Beyond that point it all depends on exactly what is happening to cause the price to rise. Is the price of everything rising, or just gold and silver? etc

Good point. It really depends upon the circumstances surrounding the price rise. When the dollar bubble bursts, and the dollar goes kaput, I won't sell at any dollar price.

[Shami-Amourae]

What frustrates me is people keep saying there are shortages, which in truth the only shortages are the Just-in-Time inventory. There have been no shortages of Silver, other than junk silver which is definitely in shortage since it's not made anymore. I'm glad I figured this out and stacked almost exclusively junk silver when a lot of you were paying insane premiums for Eagles and Engelhard bars. Even at the "paper manipulated price" of $23 the dealers will all have full inventory again shortly and you'll be able to buy as much as you want as long prices stay around the current price.

The Silver shortage story, which is one of the big stories driving the Silver market, and one of the main reasons I invested is a complete fabricated scam invented by Silver dealers. I don't trust or believe many of these "stories" anymore since they end up being frauds over and over again. I do think that the price of Silver will go up in the long term in big ways, but for the short and maybe even medium terms, it's been a horrible investment. I understand that I probably won't think that if/when the dollar crashes, or when I need it, but I'm speaking now from hindsight.

I understand that the bankers manipulate prices. I get that. But why are we investing in something that bankers can change the prices of at anytime they want? Do we assume the bankers will magically give up their power one day? Also why is it that all the Silver gurus who told us that prices are going to $5,000 or whatever never predict these price actions, but the "Silver Haters" who say Silver will drop to these prices are STILL ignored by the Silver community. This is turning into a religion.


Why aren't we listening to these people (posted in January):
http://gold-silver.us/forum/showthread.php?66950-Keep-Hearing-Rumblings-of-PM-Crash-in-Late-March

[mick silver]

the first one that hand me a 100 bucks and oz gets it all

[Sparky]

I don't really get physical to play the market, but I might sell 15 - 20% at $150.

Beyond that point it all depends on exactly what is happening to cause the price to rise. Is the price of everything rising, or just gold and silver? etc
...

The poll question says today, not someday. So there is no price rise to interpret. How much would you have to be paid today, with spot currently at $23-$24?

[Shami-Amourae]

The poll question says today, not someday. So there is no price rise to interpret. How much would you have to be paid today, with spot currently at $23-$24?

I'd sell half for $35, and put it into Bitcoin and ammo. The rest I'd sell at $75-100.

[Omicron]

I would only consider exchanging the silver for tangible property or items, or liquidate in the event of an emergency. Neither of these are are functions of the paper-silver ratio.

[General of Darkness]

I don't need the money so I'm holding. I won't even consider selling until it goes above $75, and I would have to be hurting for money to even have that thought.

[Spectrism]

I'd sell half for $35, and put it into Bitcoin and ammo. The rest I'd sell at $75-100.

Bitcoin & ammo? Ammo is super-inflated pricing right now and hard to find. It would have been better to buy ammo a year ago than now.

You seem to think that silver will not go the way of ammo. Maybe. But to sell at $35, my guess is that you would require ammo to be available. Bitcoin? I am not familiar with it, but isn't that a digitally traded money system? Your faith is placed in somebody's management of the system.


Stocks. I know a guy who was heavily invested in P&G. At the time we talked, it was $65. I thought the market could crash at any time. And it did drop down to $55 for a while. Now it is at $81. Why? Fake money is the measure. Using fake money you can come up with all sorts of answers.


Market capitalization (or market cap) is the total value of the issued shares (http://gold-silver.us/wiki/Share_(finance)) of a publicly traded company (http://gold-silver.us/wiki/Publicly_traded_company); it is equal to the share price (http://gold-silver.us/wiki/Share_price) times the number of shares outstanding (http://gold-silver.us/wiki/Shares_outstanding).[1] (http://gold-silver.us/forum/#cite_note-investmcd-1)[2] (http://gold-silver.us/forum/#cite_note-2) As outstanding stock (http://gold-silver.us/wiki/Share_(finance)) is bought and sold in public markets, capitalization could be used as a proxy (http://gold-silver.us/wiki/Proxy_(statistics)) for the public opinion of a company's net worth (http://gold-silver.us/wiki/Net_worth) and is a determining factor in some forms of stock valuation (http://gold-silver.us/wiki/Stock_valuation).
The total capitalization of stock markets (http://gold-silver.us/wiki/Stock_market) or economic regions (http://gold-silver.us/wiki/Macroeconomics) may be compared to other economic indicators (http://gold-silver.us/wiki/Economic_indicator). The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007[3] (http://gold-silver.us/forum/#cite_note-3) and rose as high as US$57.5 trillion in May 2008[4] (http://gold-silver.us/forum/#cite_note-world-exchanges.org-4) before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008.[4] (http://gold-silver.us/forum/#cite_note-world-exchanges.org-4)


We are now above the 2008 numbers. Last week we read a report of $22trillion in Cayman Island banks. We really have no idea how many digital dollars were released by the fed to certain friends- and put into propping up the stock market. But are those dollars still in stocks?

Consider how bread rises from yeast fermentation. You start with 5 pounds of dough in a small pan. A day later the pan is overflowing with.... 5 pounds of dough. The CO2 puffed up the dough. Stocks are even less substancial. You start with fake paper supposedly backed by company assets and then remove evaluation rules and watch it rise. Pump in some more hot gas. At least with dough, even if it does not rise, you stilll have the substance of the ingredients.

Value is relative. We just don't want to trade for imaginary substance.

[Shami-Amourae]

Bitcoin & ammo? Ammo is super-inflated pricing right now and hard to find. It would have been better to buy ammo a year ago than now.

Look at the 6 month chart here (click 6m):
http://www.bitcoinity.org/markets/mtgox/USD

Bitcoins are in a bull market, despite the recent crash. It's possible Bitcoins will hit $1,000 in a year or so, and may even surpass Gold prices. Once the price breaks $150 I don't see much resistance on the way back to the old highs of $260. I believe more people will invest in Bitcoins over Gold/Silver as it starts to catch on. I feel it's good most people laugh at this since it gives me more time to accumulate more before more people catch on to what's ACTUALLY going to happen. Two years ago I was telling people to buy Bitcoins at $4 and many people laughed at me. It's gone to $260 since then. We live in a virtual/tech age. Structure will be built on mathematics, cryptology, and algorithms. Virtual is just as valuable as physical. Virtual is what drives the machines to run everything in society now, and so the virtual is just as valuable. I understand that's hard to grasp for most people, but I view it as a trend that's not changing anytime soon.


On ammo, I hear what you're saying, but with the political climate I don't see how ammo will get any easier to get anytime soon, and I don't have nearly as much as I'd like to own, so it's just an essential item I should have more of.

[Ponce]

Well, I own my property, got plenty of food, plenty of water for free, plenty of ammo and plenty crazy......yep......I am ready for WTSHTF and what is more important PLENTY OF tp.

V

[Spectrism]

Bitcoins I don't understand. It is a software money system that dies a sudden death if the system goes down. What value do you hold if there is no internet? Who can tap into the software? Although it is supposedly purely peer-to-peer, there are programmed limits to the amount of bitcoins to exist. If so, then there can also be programmed a party who is able to slice usury out of it.

[Shami-Amourae]

Bitcoins I don't understand. It is a software money system that dies a sudden death if the system goes down. What value do you hold if there is no internet? Who can tap into the software? Although it is supposedly purely peer-to-peer, there are programmed limits to the amount of bitcoins to exist. If so, then there can also be programmed a party who is able to slice usury out of it.

They have cell phone systems everywhere in buttfuck rural Africa. Africans can easily buy/trade Bitcoins (and some are doing so). The myth that this technology will just disappear one day is almost impossible at this point. It may happen if we have a zombie apocalypse though.
:p

In that scenario ammo will be more valuable than Gold/Silver.