Is it time to sell silver?
 

All of my silver was purchased at a price between $16 and $25 an ounce. I probably have around 150 ounces. I almost sold when it hit $50, but held off. Now it’s bumping up against $70 an ounce. I’m giving serious thought to selling. A number of articles saying silver could get up to $100 an ounce in the next few years. I don’t need the money and I don’t have to sell. But I’m also thinking pigs get fat and hogs get slaughtered.What says the group?

Closed at $71 this afternoon. I would hold. Chances are it will hit $50 before $100. But it will hit $100 much sooner than you expect.

i bought a ton when in the 8-10-12 range. buying now would make me feel like an idiot. if you don't need the money, why sell?

when i die my kid is getting a map and a shovel. if I'm mad at her i'm just giving her clues written in verse.

^^^^ Oooh! Can we all on PPOT play, too?

Bought 100 oz today with house's money. I'm more worried about Pt - up almost $200 today.

Does this seem reasonable?
https://internationalbanker.com/brokerage/why-platinum-prices-are-skyrocketing-in-2025/

if others want in i get to set booby traps.

Selling now would incur sellers regret later. It's going higher, much higher. 7 years ago I bought thousands of ounces at $14. It's now at $72 an ounce and I'm hanging on. I traded half of my gold a few months ago when the gold/silver ratio was 90-1. The GSR is now below 63-1 so my hunch payed off big time. My plan is to trade some back for gold when the ratio hits 40-1 but I'm playing it by ear. There are outrageous forcasts out there for silver, 200, 500, 1000 bucks an ounce. Who knows? All I know is it's a critical mineral (officially) that can't be substituted for electronics like solar panels, EVs, cell phones, computers, missiles and now solid state batteries. Samsung is buying up silver mines in Mexico because we're running out. For the last 5 years demand has exceeded actual mined metal and the vaults are depleted. Even the big exchanges, London, Shanghai, Comex. When silver turns into unobtanium is when the price goes to the moon. I hope to get out before the government steps in (which is a possibility with the new critical mineral lable). This is an opportunity of a generation and it's not too late to get in (while the gettins good)

Do you own [a piece of paper certificate] printed from a 3rd-party company?
An online account with [a number]?

Then you actually 'own' nothing.

^total agreement. If you can't hold it, you don't own it

The price of Silver has been manipulated and held down for 45 years by the forces that be. Namely JP Morgan, B of A and other crooks. JP Morgan was fined 920B for price suppression recently and still made out by shorting silver selling paper silver that amounted to hundreds of times more than the actual silver in existence. Now they've sold their shorts and have been buying metal. They now hold more physical silver than anyone on the planet and of course are all for the price to rocket up now. They'll make another killing unless Trump takes it from them

I remember when the Hunt brothers tried to corner the silver market and drove the prices through the roof, temporarily.
It went from $6 to almost $50 in a matter of months before crashing to earth big time. Like 50% in a few days and kept dropping, eventually getting back under $5 OZ.
They financed much of their purchases and couldn't make margin calls and lost over a billion dollars.

I wasn't playing at the time but a guy I worked with cashed in his meager savings and bought several large bars of silver when it was in the mid to high $20's.
He later told be he was using one of the bars as a door stop.
Looks like it only took him 50 years to break even.

Why do I bring this up?
This time the brothers have lots of company.

Sell enough to cover costs and take some profit, then hold the rest hoping for more

I have never invested in metals. I really don't know the market - so I will stick to what I do know.

But this is interesting. My neighbor sells Nvidia chips. Large quantities. He had a month that was over $100M. Nothing to sneeze at. And he tells me each Nvidia chip has a meaningful amount of silver in it. He told me the amount. I don't recall. His thoughts were that the demand would outstrip the supply. I would love one of you to do an analysis here as this is absolutely not my area.

Wait....what? $70 / ounce? I bought several hundred when it was in the 30's. I did something right? :D

How does one buy silver?

Any coin shop (while silver is still available). Don't buy on line, you'll be hit with tax. Or worse, fake silver. I recommend sovereign ounce coins and spend less than 10k per day

I had almost 20 lbs of salvage silver from large motor starters processed a few years ago.
I guess I should have held onto it.
Oh well.

I have a guesstimated 50 silver quarters and maybe a dozen silver dollars.
Some I found and saved, some I inherited, the rest were gifts over the years.

The reason I am not trying to sell them right now is that I can't remember which drawers I hid the darn things in ;)

To each his own. I've bought at JM Bullion online for years and with no tax. I've heard about sketchy things going on on Ebay so I looked. Can't believe what's going on. It should be illegal. Openly fake bars are being sold to abet scammers.

Edit: link doesn't work

https://www.ebay.com/itm/396915084625?_skw=gold+bars+1+oz&itmmeta=01KDDVKY9 45107XK5K7D0E5840&hash=item5c69fb8d51:g:poYAAeSwcw hospNf&itmprp=enc%3AAQAKAAAA0FkggFvd1GGDu0w3yXCmi1 cd46E2KAaPjMldoXghILbIWF4%2Bxy%2FMwWpYIxRqP71stThs s%2F5w3HdwLiSmJGe7C8pWsv9rOpqHZmRJft1AWWxfFGh%2FLQ 6HD9gpSe1EcDxIxzUhX0aCEciy3qNOuxcZy3aJJX0UzZlpyAuC bWsVQ2HkRkQfmDaQZE0kHyTWEjaFQXlkGLbXBx3tWPyLeFZ2yT hJlvgCLXq2Vt5YWFmjiTeG7lTrSGNiWLRrgcXSYCX4N7PSTrfV 5BGDwxC22%2F467XU%3D%7Ctkp%3ABk9SR_7kz7vrZg