Silver price - when to sell?

[FormerTeller]

Silver going absolutely crazy this week! I can't believe it was only 4 months ago that I posted about the 103.5:1 ratio of silver to gold: http://www.treasurenet.com/forums/coin-roll-hunting/629166-103-5-1-a.html#post6452706. Silver has gone up literally 50% since then!

I went back through my records to see how much silver I've found CRH'ing and how much I've purchased over the years, and was absolutely astounded to see that the vast majority I bought at around $14/ounce - 10x face value. I remember well when silver was at $35 and $40 an ounce, and higher, but now I'm tempted to take some profits. Probably won't, as I really want to get $5 per 40% half dollar, though I'll probably cave before then.

Does anybody have plans to sell silver or gold anytime soon?

 

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[GlenDronach]

I wouldnt sell for fiat but I would trade silver for gold at the right ratios. Other than that no way.

I'm thinking either swap with a good silver/gold ratio, or buy rental property.

 

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[Johnnybravo300]

Yeah an income producing asset would be nice to come across if it happens that way and I would sell some in that case.
It's not the time for me to look into that, maybe closer to the bottom.
We havent seen the fallout or fire sales yet but they are coming. Whoop whoop!
I need a backhoe!

 

[fistfulladirt]

I'm thinking either swap with a good silver/gold ratio, or buy rental property.

To become a landlord, you must first obtain balls of steel.

 

[Tpmetal]

To become a landlord, you must first obtain balls of steel.

and be willing to let Renters walk all over you because of heavy gov't oversight

 

[Garscale]

Phil,
If Trump wins, there is talk of going back to a gold standard.
Things here in USA, might be priced in terms of gold soon.
Would be different, that’s for sure.

That won't happen. We gonna print more unsupported cash to cover all this stimulus.

 

[Idahodutch]

That won't happen. We gonna print more unsupported cash to cover all this stimulus.

Garscale, I agree for now, but once the toilet paper is all used up, or nobody will take it anymore (worthless) we will have to go back to something of value for money. Either that, or we all will be living at camp fema or worse.