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?
Hold, silver is going much higher. Predictions of $120 by spring.
Remember, Trump's EO opening 401k's to precious metals in February will strain the supply and demand.
The SEC is under new leadership. Enforcing laws that protect our economic system. Institutions shorting silver are being fined when they negatively influence markets.
Silver is at a 80 to 1 ratio with golds price. It should be closer to a 10 to 1 ratio. I have a feeling silver with start to reduce this ratio if or elected officials are protecting it. Silver was recently named a critical precious metal.
If we are moving to a currency backed by precious metals, it would make sense to allow silver to rise to its fullest potential.