When Should We Sell Our Silver & Gold
With people talking about stacking Silver and Gold, I started to think about how many precious metal investors have an exit strategy once the metals skyrocket. After watching the latest surge in Bitcoin and the subsequent pullback, I began to think how many Bitcoin investers actually sold some of their coins, Taking some of their profits off the table after such a huge rally in a relatively short time frame. Or did most investors just sit back; watch it rise feeling the rush of a quick profit, only to see it evaporate before their eyes, just before they decided to sell.
I would like to know what exit strategy the Steemit silver & gold investors have in place. What price are you willing to cash in, all or a portion of your stack? Or are you planning to roll over some profits into another asset class? I would love to hear what your thoughts and strategy are and what your sell signal will be.
Thanks for reading my blog, follow me and I'll follow you. Cheers
Warning! This is a trick question. At what point during drastic hyperinflation are you going to sell your good money, that has endured through all human history, to purchase worthless royal toilet paper?
We have all been subjected to "dog training" (especially over the last 5 years) where every slight rally in our chosen money is followed by a punishing loss of purchasing power. Unmask the wizard! The brutal royal fraud is at his end of days.
But of course you already know this, you just want to elicit the response. And of course all of those/us saddled by debt and living in fear would like to balance the books by settling debts. Reset.
Your right, but you will have to sell some eventually, we all have wants and needs. So you are going to have to let go of some eventually, into whatever the majority of people choose as money. Either that or you take it into the afterlife. I will be using some to move into other forms of hard assets like property, and maybe some ETF's when the prices return to reality.Cheers
Ah, well then what would I spend it on, that's different. I tend to take the long view on these things and not even consider that we will have to "exit" back into something when we have already found God's own money to use. (Our Father who art in Nature)
And you are pointing to another thing: that SAVINGS is a kind of sacrifice. It is a choice, a restraint, self-denial, a predilection not to over-consume. Sound economics is built on savings, investment and production, that's how wealth is created. Keynesian economics is a form of feudal slavery that favors the destruction of wealth for the masses of humanity.
From my experience in Asia during financial crisis in 1998: gold price tripled within a year and real estate value crashed about 40% in hyperinflationary situation (interest loan was about 35%). My PMs position now is 20% silver and 80% gold; my exit strategy will be wait for the hyperinflation, sell half silver and some gold and purchase a property for my daughter, and retire (I'm currently 53).
Thanks for the info, I bet you wish you had a lot of gold back in 1998. You would be worth a fortune today, but only if you sold your gold and rolled it into those cheap properties. I don't think you will have to much longer to wait to get your plan into action. Cheers
Keep on buying the metals, the financial situation today is much worse than 1998. PATIENCE is key here.
Very wise words indeed. And as the great Jesse Livermore said. "Be right and sit tight". Cheers
First let me state that silver's fair market value will probably never be in place. It may slip out of the manipulaters hands a little but never fully. The big banks own to much of it, you would have to see the dollar crash before controll is lost.. I have an exit plan and i also have a price that i will sale at. This could easly change depending on how fast
the upmovement went. I like your thought process, I have talked about an exit plan in several of my blogs. There are 2 very important things when it comes to silver. 1.owning the physical and 2. How will you sell it. Great post my friend.
Your dead right, Buying precious metals and sitting on them is the easy part, the hardest thing about investing in anything is knowing when to sell. Just ask yourself how many Bitcoin owners wish they sold at the top before it dropped nearly a $1000. Cheers
Yes ,but many say this is a market You do not want to sell !!! The world has never seen what we are going into!!! The whole worlds financial situation is in a bubble!! Thats why the Cryptos are going up so much ( there Not managed like Gold and Silver are and have been for Years.) .... Cryptos are acting as Gold and Silver should be acting!!!! If they were in a free market!!!!
Yes , your right I bought Bitcoin at 600 watched it go to 2800 then down to 1900,,but now its back up to 2515...
Whats going to happen when the Bond,Stock , Housing and Derivatives Markets blow up????
Where all all those 100s of Trillions of dollars going to flow into ???
My guess would be Gold ,Silver and the Cryptos....
So we are in for a ride in Gold and Silver as they loose control of these markets!!!!
I believe Gold and Silver will be to precious to ever sell!!!! I will trade my Cryptos for the things I want!!!
Just what I am going to do!!
Would you sell your precious metal for any paper currency not backed by anything , but the good faith of your government???
Gotta love @glitterfart. They have hit a few of my post before. Very cool.
Yes it was a nice little surprise. Is that a picture of your dog?
It sure is.
Is he a British Bulldog?
He is.
A really interesting question you've posed here. While if you sell at the right time and invest into another asset class there could be enormous opportunities to be had, my guess is that most gold bugs would never sell unless they really had to.
Thanks for your comment. I think I'm just trying to encourage people to ponder, the sell side of the trade. Cheers
@silverbug
I am not selling any Steem for the coming few years. I have held all my btc, gold and silver. I am a buy and hold type of man, and that also refers to other things. Unfortunately I screwed myself with Seadrill and Transocean, I have held them through the oil crash and lost 90% of my money. Don't care - that's my way. You do it your way.
You will have to sell something eventually, unless you plan on working for ever. Thanks for your input. Cheers
@silverbug
I dont bind the selling point to a fiat currency price at all. As it was said here, inflation can make the real value of a currency very relative. Whats the use of selling a ounce for 600$, if a burger costs 500?
I only sell, if the purchasing power of whatever I'm getting makes it worth selling. And sure I wont sell all of it at once.
What if you need to eat that $500 burger or go hungry like everyone else? and the vendor of the burger only take fiat as a medium of exchange, do you not need to convert some silver?
What if... I dont know, I'll cross that bridge when I come to it. If I have to sell some, I sell some. And if the vendor insists on getting hyperinflating fiat money, he's a idiot.
For me personally, I will make sure that I can avoid having to buy his $5oo burger. By making my own burger until the idiot comes begging for my silver, and then I will tell him how much silver he gets for his burger. Thanks for the comments. Cheers
Awesome post my friend. It would be hard to sell my Stack for paper money but I guess if I had to I would. But things will have to get bad. I have some pretty good stores of goods to last me along time so I hope to get through the worst of the coming storm. DR
That's the key I think, you hit the nail on the head, preparation is not just buying silver and hoping, It's about not having to converting your silver into fiat just to buy a burger for $500. Awesome comment as always. Cheers
Thank you. Yes I am not looking forward to the day when it all falls apart I can tell you that much.
I cant foresee getting out of real silver or gold...ever. Fiat currencies come and go. When they do, people go back to real money which is silver and gold.
I guess it depends on what the majority of people are excepting at the time you need, or want to buy. Cheers
For me personally I couldn't say at the moment I think you'll know when the time is right or at least I hope so mike
It's always harder to know when to sell, buying is the easy bit. Cheers
@silverbug
That's a question I will have to answer when the time comes. Since we are awake enough to be stacking now, I'm sure we'll know when the time comes. Make no mistake, there could be a silver/gold bubble. When silver/gold have their epic historic run, do you really think the sheeple will stop buy it when it is grossly overvalued? If there are no fiat currencies, you can still take advantage by buying commodities, like oil or land, that may be undervalued in silver terms. If someone has a Pilatus PC-12, and they need 20oz of silver for brain surgery, you get the plane.
I couldn't agree with you more, I think a lot of stacker don't even think about the sell side of the trade. So that was the main point of my post. But unless you are leaving it for the kids, or taking it to the afterlife, you will have to sell some eventually. Thanks for the comment. Cheers