With this bull run happening, at what price will you sell? Still Hold?

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Viking

Yellow Jacket
Messages
1,408
Reaction score
1,253
Points
288
Location
None of Your Business
Does anybody have a price that they will sell their silver and/or gold? Sell a portion for profit ? Or will you continue to hold?

And why?

Add any thoughts of a possible correction percentage.
 
Mine is to be parted with in my old age. I have debt but im still working and slowly buying. Prices have to stabilize a bit for me to confidently buy more.

Remember silver has been upper forties before. It went down 70% before. It could easily go into the twenties again.

Gold? I bought some at $3k an oz.

I dont have enough of any metal to be life-changing so just enjoying the theoretical price gains.
 
well i see the 200dma as the drop dead bottom correction level.....i am quite a quandary right now as the metals have moved much faster than i can mentally digest and be comfortable with and these moves are significant for me .... biggest issue is i don't know where i would go with $ if i took some off the table ... as a example less than 30days ago i stopped at lcs and bought a kilo of silver for 41.5$ and thought it was to much to pay at the time.....now its 48.50..(17% in a month)...any sale i would do i would have to do under the radar as i cant deal with anymore taxable income this year.....i may just have to shut the computer off for a bit, do a little ranch work and relax....

it just seems silvers velocity is very high and were bumping up against a lifetime high seems like the time to take a bit of profits to me ......but what do i know (nothing) it could blow thru 50 like its wet toilet paper, in a normal environment i would expect it to bump 50 several times and recoil down 10-15% before breaching it

something out of the norm is going on

just my "feelings"
 
Times like these I miss a lot of old posters from GIM. I hope a lot are still kicking, enjoying the moment. Especially History Student. Gcubed, Andial, Stonedywankanobee. Guys who just enjoyed metals. And hated metals, ha
 
Francis Hunt said the time to sell is when the dow and gold go 1 to 1. Gold is probably going up a lot and the dow will probably come down some.
 
China and the BRICS are working to establish gold as the backbone of a new global payment rail to challenge the dollar. The price action in gold is not being driven by Wall Street investment thesis. TA charts don't mean much in this environment IMO. The assumptions upon which the charts are based are not valid. This is a fundamental change in global monetary equilibrium happening. It's going to be many years before it stabilizes IMO.

Silver is approaching the event horizon where available, above ground physical stock is finally running out (in London) and threatening the paper exchanges' pricing mechanisms. Silver has had a good run so far, but the real, face ripping squeeze is yet to come. Negative EFP and SLV borrowing (shares/fee) are sounding the alarm that London is running out of metal. I have no idea what the equilibrium price will be before silver stops being unobtainium once it starts, but I'm not planning to sell any until the dust has settled. I expect silver to be well into the triple digits at that point.
 
At these prices, I might have to put the scuba gear on and do some recovery operations.
 
Francis Hunt said the time to sell is when the dow and gold go 1 to 1
Bob Moriarty of 321gold says the same thing. Dow/Gold = Even (Last time that happened was 1980 ?)

I also remember an interview where he said the other time to sell is when the headlines in every newspaper in the country quotes a super-high gold price and tells the public that it is TIME TO BUY.
 
Times like these I miss a lot of old posters from GIM. I hope a lot are still kicking, enjoying the moment. Especially History Student. Gcubed, Andial, Stonedywankanobee. Guys who just enjoyed metals. And hated metals, ha
Andial would finally be validated on his sad sack silver posture...........HS would be a nussense posting price updates and energizer bunny cheerleading .....the rest were pretty normal decent fellows

i will say after a night to sleep on it ...i tossed my "feelings" aside and decided the fundamentals havent changed and to take a basic hold and watch attitude and look to add small amounts on pull backs
 
Last edited:
I remember an old poster also saying this would be the greatest transfer of wealth in history. All we have to do now is hold. Thats the hard part. :). Thanks to many here I changed my mind from earlier in the week when I was seriously considering selling a little bit.
 
I remember an old poster also saying this would be the greatest transfer of wealth in history. All we have to do now is hold. Thats the hard part. :). Thanks to many here I changed my mind from earlier in the week when I was seriously considering selling a little bit.
Ya, Bitcoiners (digital gold) which I think applies for gold too are saying that. People without those assets will be poor in comparison.
 
I remember an old poster also saying this would be the greatest transfer of wealth in history. All we have to do now is hold. Thats the hard part. :). Thanks to many here I changed my mind from earlier in the week when I was seriously considering selling a little bit.
What you need is diversification. Gold, silver, platinum and miners. Miners are up 100% YTD, but will rip as soon as physical dries up. They were dead money for years. It's a new paradigm.
 
What you need is diversification. Gold, silver, platinum and miners. Miners are up 100% YTD, but will rip as soon as physical dries up. They were dead money for years. It's a new paradigm.
No platinum but I have everything else. :)
 
Using what accessible cash is available, not touching hard assets.
I used this argument with the wife. Not that I have a ton of PM's, but fiat is what the banks want, so that's what they'll get!

PM's are a savings account that actually saves!

I have a platinum ring I don't wear size 10. It's heavy!
 
A good time to take some profits is when the spot price of gold and S&P 500 cross.
 
Back
Top Bottom