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'm gonna be the contrarian here and say most people don't know what they're talking about. Yes if you sell, you'll get fiat dollars. So what? If the economy is crashing and things like real estate prices are crashing with it, and silver is at some absurd price like thousands of dollars or tens of thousands of dollars an oz, you can sell your pile, get millions of "fiat dollars" and quickly convert that in real estate that will provide generation wealth for your family while prices on it have bottomed out as well.
Pretty much everyone agrees it'll AT LEAST be a few thousand an oz when all the suppression ends and supply/demand skyrockets. With most of the more autistic breakdowns I've seen predicting a temprorary FOMO price in the tens of thousands an oz range.
If you're that dead set on not selling at THAT level, with THOSE circumstances because "muh fiat dollars" when you could create generational wealth then I have little to no sympathy.
But back to OP, it really depends. The smartest strategy I've seen discussed is to sell in waves. Maybe a little at say, $500 an oz, $1000 an oz, so on an so forth. If things go like a lot of people believe they will, once the collapse happens we'll see a VERY rapid rise with swings in the hundreds or thousands per day (like what happened with bitcoin in 2017 and 2018 for example). So setting a "hard cap" for yourself wouldn't be a bad idea. Yeah, it might suck if you sold it all at $20K an oz, and then it went up to $50K, but you'll never LOSE taking a profit, especially one that big.