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?
To reiterate & add to what BB said:
The ONLY situations which you'd let your silver leave your hands:
You're dead and it goes to your family.
You're absolutely, totally bankrupt.
You sell either silver or gold to "trade up" to the metal with the current greatest value by working the gold/silver ratio Making Inflation Pay
If you're someone who just CAN'T leave well enough alone and you "always got to F with it", then working the ratio might be right for you.
However, you need to consider premiums on coins and other factors that will influence if it's the right thing to do or not.
My personal perspective is, I don't even have any PM. It's not even on my screen of assets to do anything with. It's a nest egg that NEVER gets touched. I just let the whole thing ride.
Mainly because I feel I've got at least SOME of my time/energy securely stored as a hedge against the invisible thief - inflation. Silver at $51 right now... and gold at $4100, tells me, I didn't triple my money when I bought @$17 - the dollar LOST even more purchasing power in the last 10+ years. A LOT!
So the question I'd ask is, If I'm not holding PM to lock in and preserve my wealth against inflation, what alternative, besides real estate (and that's not liquid) am I going to trade up for? Dollars? Pfft.... we're trying to get rid if excess dollars because they're losing value every day.
I sure as hell aren't going to trade for tulipcoin or crypto backed by nothing...We can ALWAYS trade PM for crypto aether... tangibles that are small in size and high in value is where it's at. No jewels...no paper. Physical pm ONLY.
If you don't have it in your hand, you don't have it. Period.
u/#catdance