So for me, I'm holding like an ape right now, in part because getting to my safe right now is such a bitch I can't be arsed. But I wanted to know at what point people here intend to sell.
For me, I'm glad silver broke 50 and seems to be skyrocketing upwards. I want to be sure that I don't do what I did with btc back before the first flash crash and sell it when it's appropriate to do so. Right now the London prices of buying it are through the roof, but they are weak on selling.
However, when I started stacking, it was as a hedge against a major currency collapse, so that I'd have something to trade with long term. Right now, it's feeling like the UK economy is about to tank, but I'm not sure about the timing, and the impact.
What do y'all think wrt this? Hold until there is a currency solvency issue or is that so unlikely it's better to sell sooner, and if so when?
I started stacking silver way back in the 1980s when it was relatively cheap and an overlooked storage of wealth. My intent then was to see if it went higher and then possibly sell it at a higher price. But then I started seeing how our US currency had been taken off the gold or silver standard and was a free floating fiat currency, backed by nothing more than politicians' promises of solvency.
It was then that I changed my mind and since then have gathered silver in any way that I could and in any form that I could, such that today I hold silver flatware (not plate, but sterling silver) from estate sales, pre-1964 US coins (90% silver), bars and rounds (99.99% silver). And I hold this for one single purpose, to have an asset that I can barter for food and gasoline if our currency collapses.
Us too. We are hoping to create generational wealth.
"if"... lols
In 5000+ years, never has a currency survived. It will collapse. Only a matter of "when".