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#1
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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 |
#2
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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. |
#4
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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 |
#5
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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. |
#6
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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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#7
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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 |
#8
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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. |
#9
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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 |
#10
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Opinions on cashing out some silver
"oly" wrote in message ... 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. Conversely, pessimism is a defense mechanism when one's own views and theories are not standing up well in the current situation. Neither is inherently right or wrong. Someone once observed that the difference between an optimist and a pessimist is that the optimist thinks we are living in the best of all possible worlds, and the pessimist fears that he's right. IMO, in the optimist/pessimist discussions here WRT PM prices, the opposing players are playing on different playing fields. oly et al. foresee a coming wave of debt-funded spending that will cause a lot of investment money to be shifted to stable or rising havens like PMs. They undoubtedly are right. Others (and I am in this camp) wouldn't deny this phenomenon, we're just focused more on the long run, which historically always continues to rise unless and until something really catastrophic comes along to really break the empire or the market or the system. The two views are not incompatible because they're actually philosophical differences between apples and oranges. If you want to say that I'm playing ostrich to a coming massive breakdown that will really wreck the system, well, I'll plead guilty. I can get up and function every morning knowing that the dollar will fall and gold will rise. I can't build my life around a certitude that some morning during my lifetime, the whole thing will come crashing down on our heads. Being a reasonably sane and alert person, I make a few basic preparations to defend myself against both the coming short-term and hypothetical major long-term downturns. Some pertain to investing, but if the really big balloon ever goes up, I'll be focused more on keeping my firearms oiled, ammo and food stocks on hand, and having a few contingency escape plans sketched out. |
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