Opinions on cashing out some silver
 

Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les

Opinions on cashing out some silver
 

wrote:
Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les

Depending on what the economy does the silver could increase in value
soon and maybe a bunch. If it were me I would hold it until I needed the
money. However it is up to you if the enjoyment of getting rolls now is
worth the gamble of waiting. In another thread it is mentioned that
Coinstar is receiving more coins from cookie jars and sock drawers so
waiting for those coins to start reappearing may be a good thing too.

George D

Opinions on cashing out some silver
 

" wrote in message
...
Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les

I think silver could see $20/oz this year given the inflationary nature
of the so-called stimulus plan.

Opinions on cashing out some silver
 

On Feb 11, 4:46*pm, "RWF" wrote:
" wrote in message

...

Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. *I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. *What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. *I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les

I think silver could see $20/oz this year given the inflationary nature
of the so-called stimulus plan.

I must agree with RF that the crap coming out of Washington will be
very inflationary. With a Democratic President and Democratic
Congress for the first time since James Earl Carter, Jr., it is now
Christmas morning for the Democrats. As for myself, I am clutching
very tightly to my PMs and adding more whenever possible.

oly

Opinions on cashing out some silver
 

On Feb 11, 7:37*pm, oly wrote:
On Feb 11, 4:46*pm, "RWF" wrote:





" wrote in message

....

Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. *I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. *What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. *I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les

I think silver could see $20/oz this year given the inflationary nature
of the so-called stimulus plan.

I must agree with RF that the crap coming out of Washington will be
very inflationary. *With a Democratic President and Democratic
Congress for the first time since James Earl Carter, Jr., it is now
Christmas morning for the Democrats. *As for myself, I am clutching
very tightly to my PMs and adding more whenever possible.

oly- Hide quoted text -

- Show quoted text -

A point that might be worth considering is how much you have in
precious metal, versus other liquid assets and how much cash you might
need. I agree with all the optimism about silver, but I wouldn't have
the foggiest idea when silver would make a big more (or which
direction the next one would be). It would be a shame for silver to
drop in value, just when you need cash.

Opinions on cashing out some silver
 

Didn't Willy have a Dem Senate and House for 1993 & 1994?

Opinions on cashing out some silver
 

On Feb 11, 11:48*pm, "Donald Weber" wrote:
Didn't Willy have a Dem Senate and House for 1993 & 1994?

You are correct, according to Wikipedia. That doesn't much negate my
"it's now Christmas Morning in Washington D.C." observation.

oly

Opinions on cashing out some silver
 

On Wed, 11 Feb 2009 08:22:42 -0800 (PST),
" wrote:

Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. I have
worked out that the break-even point for the silver is $13.82, as as I
write this, the price is $13.57. What is the opinion of "all y'all"
about such a sale: would you make the deal, would you hold on for
silver to hit $22 again. I am not in a position that I need to sell
the coins: just looking to turn it into "working capital" for
obtaining rolls to search or to buy other coins to work on my various
collections.

Thoughts?
Les

Sure, the big question is, what is pushing you to consider selling at
$13 / oz that wasn't there when silver hit $20? If that reason
(whatever it is) is compelling, go ahead and sell. Otherwise, feel
free to continue holding for $20 again (or $5, as the case may be).

Opinions on cashing out some silver
 

"oly" wrote in message
...

I think silver could see $20/oz this year given the inflationary nature
of the so-called stimulus plan.

I must agree with RF that the crap coming out of Washington will be
very inflationary. With a Democratic President and Democratic
Congress for the first time since James Earl Carter, Jr., it is now
Christmas morning for the Democrats. As for myself, I am clutching
very tightly to my PMs and adding more whenever possible.


Considering the wonderful job the Republicans have done if your doom and
gloom is true then it is already hopeless.

Opinions on cashing out some silver
 

On Feb 12, 12:09*pm, "PC" wrote:
"oly" wrote in message

...

I think silver could see $20/oz this year given the inflationary nature
of the so-called stimulus plan.

I must agree with RF that the crap coming out of Washington will be
very inflationary. *With a Democratic President and Democratic
Congress for the first time since James Earl Carter, Jr., it is now
Christmas morning for the Democrats. *As for myself, I am clutching
very tightly to my PMs and adding more whenever possible.



Considering the wonderful job the Republicans have done if your doom and
gloom is true then it is already hopeless.

Again, optimism is the mania for declaring all is well, when all is
going very badly. And, it is the Democorps that is lined up at the
trough now.

oly