Is it time to sell silver?

[brp914]

here:

[gregpark]

I believe if you buy at least $2,000 worth of metal you pay no tax.
JD Bullion is reputable, Miles Franklin too. I would never buy anything online or bars from big box stores

[gregpark]

The market closed for the weekend with Silver spot at 79.27. Yesterday morning it was 71.85
Gold is 4533 at the close
The 45 year central bank suppression is over, they've lost control. As of now they're taking it in the shorts (pun intended)

[Crowbob]

Some guy right here on this very board, I can’t remember who it was, advised all to buy as much G & S as they could possibly afford back in, IDK, whenever G was 1500 and S was 15.

[Crowbob]

I do remember that same guy arguing G has intrinsic value vs those who said, ‘Bah, you can’t eat gold; a loaf of bread will have more value especially in times or crisis.’

Well, we’re almost there. Let us watch and find out.

[varmint]

my apocalypse plan is to stockpile sudafed. when the **** hits the fan i'll have an army of meth monkeys to do my bidding.

[Cajundaddy]

It sounds like the Fed is ramping up the printing presses again so gold, silver, and the broad stock market are all set to go higher in 2026. Now is a good time to hold on I think.

[GH85Carrera]

$79.59 per oz as of today.

No doubt, that is buy price, not sell price.

[Crowbob]

Thing is, when the SHTF, 1) the short term goal will be to survive 2) medium goal is to gain security, and 3) long term is to thrive.

You can’t have 2 or 3 without having had 1 which is all about currency. G (and S) has always been currency since thousands of years before the days of Judas’ pieces of silver, like as in the days of the Pharaohs such as during the realms of King Tutankhamun, et.al., even.

That would be 3000 BC. Back then, rupees, dollars, renminbi or whatever were like not even as fake as they are now; they eventually came and are now in the process of leaving, more or less.

[gregpark]

Originally Posted by Cajundaddy

It sounds like the Fed is ramping up the printing presses again so gold, silver, and the broad stock market are all set to go higher in 2026. Now is a good time to hold on I think.

And print they will, to save the banks of course, because that's what they do. Another few trillion out of thin air and backed by nothing will dilute the currency even further (what we experience as inflation). It's all catching up to us, we've kicked the can just about to the end of the road. It'll only take one event to trigger a domino effect, there are so many bubbles at the bursting point. Time to prepare as best you can

[Rapewta]

Five years ago, I had a friend that got a windfall. He was off he grid and gave me $15 grand to buy him silver. I did. Gave it to him and I thought why not get some .999 silver at $25.00 per ounce.
I took a gamble and now it's $65 dollars an ounce. I am thinking of selling it but I do like trying to pick up the ammo box and holding the stuff. I know it will drop soon but right now I love rolling that heavy material precious metal through my hands.

[gregpark]

^ It's $79.27 now and it's going to go up, way up, not drop down

[red 928]

Buy high, sell low.

Something like that.

I prefer: Never chase a galloping horse and never catch a falling knife.

[Rot 911]

Originally Posted by red 928

Buy high, sell low.

Something like that.

I prefer: Never chase a galloping horse and never catch a falling knife.

I’m holding for now, but if it hits $100 an ounce, I think that might be my high water mark.

[aschen]

The question is what will you buy with the proceeds


High prices ruined my coin collecting hobby. Was building a collection of graded pcgs pre 33 gold.

[gregpark]

I'm focusing on the gold/silver ratio more than the prices. When it drops to a sensible point I'll trade some silver for gold. Silver is mined 7 to 1 over gold yet the value ratio is skewed due to price manipulation. Just a few months ago it was 90-1 and had reached 100-1 before that. It's coming down rapidly now that silver is off to the races. The current ratio is 57- 1 but historically it's been more like 15-1. When the ratio drops to 40-1 I'll probably start trading back. Gold is a lot easier and cheaper to store for one thing

[flatbutt]

Interesting article

https://seekingalpha.com/article/4855284-silver-in-2026-set-for-continued-price-elevation-in-store-but-be-careful

[p911dad]

“Silver tends to be a product that goes parabolic, then collapses,” said Brent Donnelly, president of Spectra Markets, a market-research firm. This was in the WSJ today in an article about the silver price surging. I typically hold on too long.

[flatbutt]

I've been holding on to mine in case I need them for barter when the new Dark Age comes.

[varmint]

Got up to $81 for a moment.