How do you plan to Exit from silver? Do you have any plan in place? #399
Was thinking to myself this afternoon...
If silver spot shot to the moon, are i needed cash quickly to re-invest into something are whatever the reason maybe. If i was selling off part are all my stack, what way would i go about it? I have an exit plan in place for my silver stack (swap everything for gold when ratio is 1:40) but life can throw to odd carve ball and your plans change. I thought to check out my excel sheet and see what way my stack breaks down in resale groups and what would be the best way to sell each group off. Im not saying this is the best way are even the most profitable way to sell your stack, this is what i will prob end up doing cause im lazy. I already minus 20% of my stack total for eBay and paypal fees even if i dont plan to sell most of my stack on eBay. This gives me a realistic figure is all.
My stack consists of
45% - Semi numismatic (Kooks, lunars, libertads, pandas, elephants, koalas etc)
41% - Brittannia's old and new
11% - Rounds and couple bars
3%- Lonely gold
For me, first to go would have to be my .999 britannia's just for the sheer ease of selling the lot quickly on thesilverforum, most likely the same day. Next up would come the bars and rounds, these i will sell for weight when the time comes so i can sell them anywhere even at a bullion dealers for ease. Last up would have to be the semi numismatic's, these would be sold on eBay to max the premium returned. This way will take longer to sell and must likely be stressful as buyers on eBay rule the roost and i would need to work for my premium. I have not mentioned the small gold i own are any of my numismatic's because they are forever keepies. Shit would really need to hit the fan before i sell my forever stack.
I can see a day when i will need to sell off my stack to swap into gold. Sooner then later would be nice but im stacking in the meantime and sitting on it until that day comes, so the time it take's before the gold to silver ratio hits 1-40, the better i will do. When this day comes, i am 90% sure that i will buy only sovereigns as they are cheapest gold to spot in the UK, easiest to sell and pretty god damn amazing coins. If the ratio returns to 1-70 after that and within my lifetime, i can easy swap my gold sovereigns back into silver. I know for fact i could sell 30-40k of sovereigns in a week andbuy get back into silver very quickly. I do no think i will ever see that day back never say never.
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Good post. It's good to have a liquidation plan in place. It's great to hold it but better to know you can sell it in a hurry. Would you consider trading some for steem/steem dollars?
I dont. I have traded steem for silver but never the other way round. In my 4-5 years of stacking, i have never sold one piece :) Stack on!
Not given selling much of a thought, my plan was to stack for 10 years (2011 to 2021) and then see where i am and then make another plan
I started a 5 year plan 3 years back and im on the 4th now. I think more gold will be the why forward. I think it unlikely that i will sell it. Waiting for that gold to silver ratio to drop.
Stack on!
Curious question, how much do you pay for an e.g silver eagle in the UK?
Are i can buy them from Europe for 16 euro's each with a hefty shipping cost.
Oh wow. Here in Norway they stsrt at £15,43 right now. There's som kind of tax that we don't add to the price here. So if you're ever in Norway, buy silver ;)
That is a great looking stack @silverstackeruk. I also like your percentage diversification breakdown. Like you I to do not have a high enough percentage in the shiny yellow metal. Silver is great for the moment, but my ambitions are to increase the percentage of gold in my stack over time.
When i look at 30 oz of silver are 2 sovereign's it hard to pick the yellow. I will buy more over time as well but for now, im in the same boat as you and stacking silver.
Thanks for commenting.
I've been wondering this too... how to liquidate silver in the US? Just sell it to SDbullion or similar?
Depend's what you have in your stack buddy. Quick and painless would selling it all to a bullion dealer.
What about junk silver - should I aim for spot on resale?
You should get spot all day long for junk :)
Good question, I try to stay away from premium coins. Although pretty when the time to sell silver comes silver. It is already up so, people will want lower premium silver. Just my thoughts
Yeah, i think you are right there. If silver ever hits $100 i think most of my stuff will have lost most of its premium in a percentage way for sure but maybe not in $ if you know what i mean
I have less than 8% Numismatic, I just don't have the time and energy looking for a buyer during a SHTF while looking after 3 dependents myself. 10-12% is old silver coin is reserved for emergency commerce, about 55% is Government Bullion core savings , 12-15% is generic that can be exchanged for gold or sold at 35 to 1, the rest is play Poured Pirate silver. NFS Arrrh! Other than the Banks, I know four dealers of Bullion around Vancouver I can sell to or trade with.
Great response. Having just over half your stack in government bullion is pretty smart i think. Everybody knows what that is. Sounds like you have a nice mix of stuff and a good plan in place. There are no bullion dealers in my area are ever country, lol, so online has to be the way to go for me.
Thank you for commenting :)
I know a very nice jewellery shop that will give me just under spot for my silver coins.
If you're after sovereigns let me know, I can get them at spot from the same jeweler. Happy to help a brother out
No local bullion dealers around my area. I have spent many hours searching and calling around coin dealers and jewellary with no luck. I think i would need to go to Ireland ffs and then i need exchange euros. F that for a game of shat. ebay and thesilverforum :)
I might take you up on that offer some day. When steem is up again most likely, lol.
Hmm... I admire that you have such a broad plan in place, not to mention you're diversified in regards to your types of coins.
However, me myself, I'm more concerned not with how much money I can trade my own silver for, but to what percentage my ROI will be.
In any case, I will that PM would help hedge against and outplace inflation, so I don't intend on selling mine anytime soon.
To make this clear, I'm pretty biased when it comes to silver, because there is such a chronic shortage of it today in the world, not to mention that silver is actually a widely used industrial commodity, and mines are actually having trouble covering costs with mining silver, because the price of it is so low.
Also, the only reason it is cheap as it is because the futures market in silver has been heavily shorted and suppressed. That suits me fine because I can easily afford it!
Therefore, even though gold technically is worth more than silver, I am convinced that my ROI in silver (per ounce) is going to far outpace gold as a percentage, in other words, I will get a bigger bang for my buck in purchasing power, compared to if I am all in on gold. However, I do like to have a bit of gold.
It would be a good idea to keep an eye on the Commitment of Trader (COT) in regards to silver. The biggest investors in shorting silver at the moment are the commercial banks. It is not a crystal ball, but it does give you a good hint as to where the prices are likely to go (or stay).
Interesting comment. Great information
I think that mining costs are misleading as most silver is a by product of other mining. I 100% agree that the ROI will beat gold long term. I plan to swap most if my silver into gold with the ratio hits around 1-40. I not that sure about industrail uses, i know its on the rise and silver is being used more in hospitals and tech