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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 |
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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 |
#3
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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. |
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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 |
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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. |
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Opinions on cashing out some silver
Didn't Willy have a Dem Senate and House for 1993 & 1994?
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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 |
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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). |
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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. |
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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 |
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