Selling 40% silver Kennedys and buying 90% or .999 1troy oz bars?
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  1. #1

    Apr 2007
    25

    Selling 40% silver Kennedys and buying 90% or .999 1troy oz bars?

    This may sound like a stupid question, but I see so many people selling off their 40% silver kennedys and buying higher percentage silvers?

    I can see selling because of being over $28+ per oz, but how does it make sense buying at such a high price? or are people selling, holding the cash until it drops again?

    I guess because my "collection" is SO SMALL I just hold everything..., but was curious...

    Confused?!
    -Brent

  2. #2
    us
    Nov 2009
    Lexington KY
    Garrett Ace 350
    309
    35 times

    Re: Selling 40% silver Kennedys and buying 90% or .999 1troy oz bars?

    If the price is high, you sell higher and buy higher. Its a ratio. Like dollar cost avg. You get more but pay more.

  3. #3
    us
    Oct 2009
    1,023
    10 times

    Re: Selling 40% silver Kennedys and buying 90% or .999 1troy oz bars?

    Id rather hold silver then cash . Timing has never worked for me so id rather put my effort into holding real money . Silver has been worth something for a long time and has never went to zero. Most fiat currencies have failed eventually and all are worth less then silver now .

 

 

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