Precious Metals Forum

Go Back   Precious Metals Forum > Bunker Talk > STS

Like Tree5Likes
  • 1 Post By ancona
  • 2 Post By swissaustrian
  • 2 Post By PMBug

Reply
 
LinkBack Thread Tools
Old 03-12-2013, 03:53 PM   #1
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
has anyone had to sell?

I might have to sell some. I pretty much know where I will go for that.

If I sell and then buy it back in a few months- maybe- maybe not.

The money is tight. I could use advance on the tax refund I get in July.

On the other hand- stay put.
Penn is offline   Reply With Quote
Old 03-12-2013, 04:07 PM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
If you need to sell some then by all means do so Penn. I know you from 'another' site and remember a post you made a while back about buying silver, and then not having enough dough to meet your bills. Personally, i think as long as the market keeps levitating like it has been that silver will float around between 29 and 31, but if there is a panic sell off, silver and gold will shit the bed hard and drop like rocks, with silver getting to 20 or lower before recovering. so, it is my completely amateur opinion that if you need a few grand, go ahead and flip a hundred oz to tide you over, then buy back a little here and a little there like you usually do. BTW, I would sell the generic stuff first, then if you really need to , sell some junk.

JMHO
Penn likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 03-12-2013, 05:02 PM   #3
Yellow Jacket
 
Join Date: Oct 2011
Posts: 2,053
Liked: 925 times
It's certainly not the perfect time to sell, but yeah if you need cash soon, then get it as fast as you can. A lot can happen in short term.
Make sure you get a fair price by comparing offers
swissaustrian is offline   Reply With Quote
Old 03-12-2013, 05:07 PM   #4
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
I could sell some gold or silver or plat.

I was thinking gold. If you have to sell one of the 3, which would it be?
Penn is offline   Reply With Quote
Old 03-12-2013, 06:20 PM   #5
Yellow Jacket
 
Join Date: Oct 2011
Posts: 2,053
Liked: 925 times
Originally Posted by Penn View Post:
I could sell some gold or silver or plat.

I was thinking gold. If you have to sell one of the 3, which would it be?
I'd definitely sell platinum. If the economy gets weaker this year, it's gonna underperform gold and silver. Gold is the least volatile and has Eastern central banks putting a floor underneath it, so I wouldn't sell that. Silver is undervalued compared to gold and platinum.
ancona and HCA1961 like this.
swissaustrian is offline   Reply With Quote
Old 03-12-2013, 06:37 PM   #6
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
If I were buying, I'd be buying gold/silver. If I were selling, I'd be selling platinum.
ancona and HCA1961 like this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
US Treasuries sell-off gathering pace PMBug Fiat Ponzi 14 04-16-2014 07:03 AM
Got a major sell signal for AAPL today ... from my mom swissaustrian STS 68 04-18-2013 10:57 AM
buy and sell gun link Penn STS 1 12-30-2012 06:18 PM
How to select which metal to buy and sell benjamen PM Bug 22 11-26-2012 10:26 AM
US mint sell 8% of 2011 volume in a day DSAbug Silver Bug 14 01-13-2012 07:50 AM


All times are GMT -5. The time now is 08:51 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.