Should I sell my Silver?
Well…I hate to say that I told you so…but I will 
As many of you remember, I was buying Silver a couple of years back (Investing in Silver) and it has turned out to be quite a strong investment!
The question now is, at $50 per ounce, is it time to sell my silver holdings and lock in significant profits?
I have a history of selling at the completely wrong time! Recent Example:
Bought Apple @ $87 per share in about Nov. 2008, and sold it at $175…just to see it rocket to $350 about a year later.
Is silver going to do the same thing to me that Apple stock did?
All the reasons I was buying Silver in 2008 seem to still be in place. For example, our government continues to print money and kill the value of dollars at an alarming rate! And I suspect they will continue to do that, as the best way to pay off down our $15 Trillion of dollar denominated debt is to significantly lower the value of US dollars…which means Silver could keep running up.
Anyways, I’d appreciate the input of the financial wizards who visit this blog, so PLEASE, let me know what you think!
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May 2nd, 2011 at 7:14 pm
Sell now and buy again at lower levels.
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May 2nd, 2011 at 8:17 pm
i didnt know you were selling silver. How about gold? is it profitable as well? I would guess so.
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May 3rd, 2011 at 7:15 pm
At what price did you buy silver at? Its so tough to say though, just go with what you believe will happen to the market and base your decisions based on that. If liquidity is going to be an issue, and you might need the money, then I would say to try to close out your position as soon as you can.
-Jean
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May 6th, 2011 at 8:40 pm
Nice work Tam!!! Sounds like you made a good move!!!
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May 16th, 2011 at 7:29 am
Silver is cheap compared with gold for example… but the value of the silver could vary from time to time, I would say that you base your decision on whats best for you, keep it or not..
- Allan
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May 17th, 2011 at 9:36 am
The great silver bubble of 2011 has come to a crashing end, this was inevitable as the price had to return to the long term mean (silver price vs roadside field mushrooms ratio)
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May 25th, 2011 at 9:45 am
Same situation here friend,I have a silver morgan one dollar coin. I was wondering how much I could get from it at a pawn shop? Its in good condition (from what I see) it has a golden shine to it. Thanks
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May 29th, 2011 at 12:02 am
Silver is not going down past its resistance point, if you want to sell silver, then sell it to me
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June 1st, 2011 at 8:40 am
Any updates on your silver position?
-Jean
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June 6th, 2011 at 9:20 am
@jean yep I do have an update, if you still own silver … sell it fast
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June 11th, 2011 at 8:33 am
I was just given a silver bar and ten silver coins. I’ve heard estimates that its around $260 in all. Does silver usually go up in price or does it fluctuate greatly? Oh, and if I did want to sell it where might I get the best deal? A coin store, Ebay, or elsewhere? Thanks
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July 6th, 2011 at 11:46 am
I have a silver coin from the US treasury – it has an eagle and stuff on it, and it’s in a little plastic case and has never been opened. I think t’s a 1oz silver bullion coin – how much is it worth? Thanks
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July 14th, 2011 at 5:09 pm
Silver has not reach its full potential yet,you should consider holding it for an extra year.Its likely that silver will reach $50 by the end of the year.
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August 18th, 2011 at 12:34 am
I hope you held onto your silver. Isn’t it raising in value right now? When the DOW drops, silver (and gold) rise.
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August 25th, 2011 at 9:34 am
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September 1st, 2011 at 10:19 pm
In my opinion you should keep the silver as it diversificate your portfolio
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