What is your Silver selling price? How much does SILVER spot need to be? #76
I would have to say that everything over £30 ($40) and would be thinking about it. If it is a fast rise, I would sell and rebuy more after a dip and the storm has settled. If it is a slow rise, there is a lot more thought needing to go into my options. I am hoping that I never need to make that choice, I going to play the ratio game instead. I started 4 years ago and have 30 more until retirement, I would hope to be able to flip my silver stack into gold and back into silver at least once each before this time runs out. I plan to do my first flip when the ratio is around 40-1 and I will keep it nice and simple and only get gold sovereigns. If there is one thing I have learnt from silver is there is too much choice and your stack becomes plentiful in selection after a few years. Is really nice to own and a pain in the A for reselling to get best returns. When the ratio hits around 70-1, I will flip my sovereigns for silver. No idea what I will buy, that’s a lot of years away to planning. This is the master plan.
If silver were ever to go £50+ and gold followed it, and then I would have a hard decision to make. If it were enough to buy a rental property I would have to go have that and restart stacking. It’s very hard to know what you would do until you are in that place. Silver might drop back down again, are it might go to £100 and I sell out at £40 losing all my silvers growth. I guess we just have to wait and see what the futures bring. I f I had to draw a line and pick a number right now, I would go with £40 an oz. This would give me enough to get a rental income on the go. What is your price? Do you even have a price? Let’s get some great comments below and share some information.
Check out some of my other posts if you liked this one
My entire SILVER stack STACKED *******http://steemurl.com/AtgMRrfV
Stacking on an avg income ************http://steemurl.com/c3BcQYQL
Growing the #STEEMSILVERGOLD group**http://steemurl.com/d9qNlTr4
Counterfeits, Check Your Stack Part 1 **http://steemurl.com/2XXx4rnP
I'll sell a small percentage as it goes past $30 and higher, but I think I'd hold on to most of it for the Long haul.
I think im still holding at $30, silver is at least gonna have to double up from my avg per oz before i will sell any. Its a silly rule but rules are rules.
I have never thought about what price I would start to sell at, as long as I don't need cash I will keep holding g it.
I think most people will be in the same boat, if you dont need the money, why sell?
If I don't need to sell it, then I won't.
I've never really thought about it! I really want to play the ratio game, too. That's my goal. I hope I don't have to sell off any silver but until it's at least $40-$50 I'll be selling off anything and everything else first. I also don't plan on stopping the stack ever. Some people have very concrete goals and they plan on shutting down when they hit a certain weight. As long as the ratio is as crazy as it is I'll be steady stacking silver as the budget allows. If that ratio dips then I'll move to gold just to be in a better position to trade out for even more silver if and when the ratio is in favor of that move. Great topic, customary resteem coming your way!
I never plan to stop stacking either, it just too good of a way to save money for me. I will always buy silver to cover my date runs every year but if the ratio drops i will also swap an extra funds into gold. Its seems alot of people have simular plans. Its good to know and a little reassuring :)
The moment life gets old.
The comment with the least words makes me think the most. Thank you
Nice post. For me it depends on the circumstances of world events.
Thats very true, we could make a whole new post just on that topic :D
over $34, maybe... to sell a small percent
Selling off bits as the price goes up?
$100 usd but just a tiny bit to get back on my feet again 100% all in on AG with no ca$h left !!!
Im pretty much the same. I have some gold and little bit of this and that but 80%+ in with silver.
That is always the question. And my answer would always depend on current market conditions. If everything was exactly the same in the world but silver spot shot up to $50 then yes id sell, but if(sorry when) the dollar looses all its value and hyperinflation hits here in the UK, the long term storage of wealth in silver would be more than any paper money you could offer me. Did that make sense, do you know what I mean?
yes, perfect sense. If (when) super inflation hits the dollar, the dollar price of silver will shot to the moon and holding your silver makes more sense then selling it for paper crap are numbers on screen that are losing value every hour of the day. You have just gave me an idea for a post. Thanks buddy
Don't think about taking all my ideas for posts. I'm just getting going. Lol
You dont even know my idea, haha. I will tag you to the post so you know what the idea was. :D
Everyone does not have a price! My silver is not for sale!
Good man :) You plan to pass it on?
Yes Sir!