Should I sell my Silver now?

[888theGreat]

I knew that Silver would have its day. I started buying Silver in 1999. Now 10,000 ounces give or take. Should I sell now , at $65, or at $75 , or $80, or $100, or at $125? If I sell it, what would you do with that kind of money?

Sell now

Sell $65

Sell $75

Sell $100

Sell $125

Sell over $125

Keep it

[Telekinetic-Potato]

I'd wait. We're about to go through hyper inflation which if I'm not mistaken will temporarily cause silver to disproportionately raise in value before correcting. You might even end up cashing it in another currency

[Sevenpointfive]

wow! talk about the collapse of the American banking system if everyone heard you say that.

[Telekinetic-Potato]

@Sevenpointfive I'm sure in the long run the usd isn't going anywhere buuuuuuuut maybe in your case these are the things I'd be thinking about personally

[jamesgoldman]

Only cash in metals if you need the liquidity, my late antique dealer and it's advice that's paying dividends

[RavVid]

I haven't been watching charts for silver. You should sell it at the peak.

That is not saying much, because how do you know when it has peaked and about to fall? You can't know.

Warren B would say it is a speculative asset because making money out of it requires you to sell to someone else for more more money. It is different to buying shares in a company that make products and earns revenue.

Warren doesn't like Bitcoin, Gold or Silver because it is not investing but is speculating.

What you could do is to say sell enough to get back what you put in and then you are gambling with free money. You could sell amounts as it goes up and lock in profits. You could sell at a point which is significant to you e. g. a house deposit.

I recommend watching YT Jason Pizzino - I think he is sound..

[Sevenpointfive]

it's not even close to being high enough to make a good profit. just keep it for now. if you want to sell at 100 because that'll be an outrageous peak for awhile then only sell what you must. silver just isn't that great of an investment unless you can buy pounds of the stuff to hold onto. it's big, heavy and if you try to sell it you get the spot price unless you sell from your store. i just collect ounces for a hobby and it's the silver that takes up all of the room in my safe.

[888theGreat]

I would 20 X what I paid for it

[Sevenpointfive]

i know you do. you have that model down so you and not anyone else here could see the benefit of making a small profit vs. waiting for a larger that may or may not come. it's not much different than the playing the stock market, flipping houses or playing poker for stakes. you're playing a probability and percentage game that has a false sense of stability.

but it works for you because you buy so much of it and you buy it for less than it's worth. and you play with a defined set of money to ensure you have a small constant profit. at least that's what i think you do? i don't know if you're melting yourself or just reselling?

[XXblack88]

I personally would keep it if I had that much and save it for a rainy day but that's just me

[Likes2drive]

Sell it in a year, probably will peak at that point before it drops as it usually does as will gold

[exitseven]

when it hits 100 you should sell