Silver price - when to sell?
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  1. #1
    us
    Apr 2011
    1,861
    1340 times

    Silver price - when to sell?

    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: 103.5 to 1. 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?
    FloodcityTom and Idahodutch like this.

  2. #2
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,328
    1953 times
    Quote Originally Posted by FormerTeller View Post
    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: 103.5 to 1. 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?
    Not selling gold anytime soon, but I've been selling junk silver mixed with other coins in collections. Most sell around melt. One sold for a $100 over melt and one sold for $10 below melt. It is all gravy as the halves only cost me $10fv and the dimes (remember the glass cigar tube picture from years ago?) only cost $5fv. Selling now, isn't ideal. We always want to hold out for top dollar, but you can't time a peak hoping for a new market high as over the long run, the market will disappoint you and not meet your hopeful expectation.
    FloodcityTom likes this.

  3. #3

    Apr 2020
    34
    32 times
    Coin Roll Hunting
    When to sell? NEVER!

    But seriously, I've always said "They don't ring a bell at the top of the market." You'll never know what the price will be tomorrow. If you'd be happy with the returns on today's pricing, then sell today.
    Idahodutch and fistfulladirt like this.

  4. #4
    us
    Feb 2010
    Missouri
    2,773
    2060 times
    Not selling the CRH finds. Right now local but prices are $16/$1 face 90% and $5.50 / $1 face 40%. What crazy for me is the price for Morgan’s and Peace dollars hasn’t moved. Used to be ~$4-5 over spot. Now still $15 for peace and $19 for Morgan’s. Bought a couple dozen last weekend. Would love to flip them for the spot increase this week; it sure why the dollars haven’t moved?

  5. #5
    us
    Sep 2019
    Idaho
    Whites MXT
    805
    2826 times
    Cache Hunting
    The change in ratio is a good way to know when to buy/sell.
    Silver to Gold at 80:1 is still buying opportunity for silver. When it gets to about 30:1 or less, good to sell silver (and use some of that to buy gold).
    For thousands of years, the ratio was well below 30:1 and will most likely be headed back, if for nothing else, historical balance. This is only my opinion, but I think silver is way, way under valued right now. Especially with all the stimulus lately.

  6. #6
    us
    Rock hunter

    May 2020
    East texas
    475
    882 times
    All Types Of Treasure Hunting
    Metals should run through Oct as uncertainty about the election factors into the stock market. If you firmly believe Biden will win...hold ad it will continue as markets look for a safer haven. If trump wins stocks will run and many will dump metals
    FormerTeller, RTH and Phil like this.

  7. #7
    us
    Poet—Traveler—Soldier of Fortune

    Mar 2012
    Pennsy
    2,157
    1619 times
    All Types Of Treasure Hunting
    The DCA for my silver stack is somewhere around $6/ozt.

    Personally, I'll think about selling at $30/ozt. Seriously consider at $35/ozt. And definitely will at $40/ozt.
    Zomotion, Avago and Idahodutch like this.
    The sun shines
    And people forget

  8. #8
    us
    Sep 2019
    Idaho
    Whites MXT
    805
    2826 times
    Cache Hunting
    Quote Originally Posted by TheMastermind View Post
    The DCA for my silver stack is somewhere around $6/ozt.

    Personally, I'll think about selling at $30/ozt. Seriously consider at $35/ozt. And definitely will at $40/ozt.
    Once it busts loose from manipulation it could very easily scream past $40 on its way past $100
    Mastermind,
    You may want to consider saving some for that so you don’t COMPLETELY kick yourself later
    TheMastermind likes this.

  9. #9
    us
    Sep 2019
    Idaho
    Whites MXT
    805
    2826 times
    Cache Hunting
    Mastermind,
    Excellent DCA.
    TheMastermind likes this.

  10. #10
    Charter Member
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    11,307
    3382 times
    silver surfing
    Honorable Mentions (1)
    I have some $150/oz. silver I’ll sell.
    Icewing and Idahodutch like this.

  11. #11

    Dec 2012
    34
    59 times
    All Types Of Treasure Hunting
    If Biden wins, hold because prices are going to continue to climb.
    If Trump wins, sell because prices are going to drop.

  12. #12
    us
    Sep 2019
    Idaho
    Whites MXT
    805
    2826 times
    Cache Hunting
    Quote Originally Posted by Phil View Post
    If Biden wins, hold because prices are going to continue to climb.
    If Trump wins, sell because prices are going to drop.
    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.
    Greastart likes this.

  13. #13
    Charter Member
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    11,307
    3382 times
    silver surfing
    Honorable Mentions (1)
    Hamster hammered today!

  14. #14

    Aug 2012
    1,467
    888 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Idahodutch View Post
    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.
    I seriously doubt we'll ever get back to a gold standard in our current economy.

    It doesn't matter who is president- we've had a lot of sustained market growth, often despite warning signs. The market is cyclical- we're headed down. COVID-19 on the global economy will probably make this one hurt more than it would have.
    khestee and Phil like this.
    "The right to swing my fist ends where the other man's nose begins." Oliver Wendell Holmes.

  15. #15
    us
    groundhog Tom

    Jun 2020
    West Va
    Whites, Fisher gold Bug, Tesoro
    108
    192 times
    Relic Hunting
    Hang on to your silver....and gold. I see instability ahead no matter who wins the election. I might consider selling some of my scrap silver or gold jewelry and buy either silver dollars or silver halves, perhaps gold eagles. Remember, Silver US Currency is still worth its stamped value, a silver bar is just a silver bar which merchants aren't set up to accept or trade for.
    I don't have a PHD, I got somethig better, a DD 214

 

 
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