Been watching the current market value, Buyers here get 7%.
I'd hate to sell too early only to have it's price double next week.
I'd hate to sell too early only to have it's price double next week.
When to to sell silver and gold?
- Thread starter Chris142
- Start date
Don’t be greedy.
On anything, when everyone is saying the price has nowhere to go but up, that is the signal. You are hearing it constantly now. My personal opinion is the price will probably peak next month, or next year. My crystal ball is a little fuzzy on that.
BTW, gold and silver are NOT an investment. You invest in income producing assets, you speculate in everything else. So, you can invest in bonds, CDs, apartments, stocks, etc. You speculate on vacant land, precious metals, crypto currencies, wheat, etc.
BTW, gold and silver are NOT an investment. You invest in income producing assets, you speculate in everything else. So, you can invest in bonds, CDs, apartments, stocks, etc. You speculate on vacant land, precious metals, crypto currencies, wheat, etc.
The value of gold is up 50% during the last year, and silver is 60%. Sounds like an investment to me...
Reread what I wrote.
I just sold off my parents silver coins for them that they bought in the early 80's. Prices are high at the moment, silver can drop in a recession since it had industrial uses. Could go up further could drop like a rock. Gold could go up higher could stagnate. It's anyone's guess. I wish I had one of these.
EDIT: I somehow read this as HOW. Not WHEN.
Let me say this. I sold some a few weeks ago, wish I had waited until now. So my answer: Sell now!
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I just sold over 10 oz of bullion gold.
You should know the spot price.
Two choices:
1) Sell to APMEX (or other huge dealer), ship to them, cash in the bank. Easier than you think. Painless and they give a decent price.
2) Sell to a local dealer. Also very easy. Some days, very close to spot.
Both easy, despite what some will tell you.
I also I sold a decent pile of scrapper gold. Easy enough, but if you go to a shop, he will check/test every piece. I mean I don't blame him. I trust my guy, and I could have just left it, but now biggie. Him and his brother run the shop so I just hung out and watched the very interesting foot traffic. Like old ladies showing up with 5 10oz bars of Au to sell.
Let me say this. I sold some a few weeks ago, wish I had waited until now. So my answer: Sell now!
________________________________________________________________________________________________
I just sold over 10 oz of bullion gold.
You should know the spot price.
Two choices:
1) Sell to APMEX (or other huge dealer), ship to them, cash in the bank. Easier than you think. Painless and they give a decent price.
2) Sell to a local dealer. Also very easy. Some days, very close to spot.
Both easy, despite what some will tell you.
I also I sold a decent pile of scrapper gold. Easy enough, but if you go to a shop, he will check/test every piece. I mean I don't blame him. I trust my guy, and I could have just left it, but now biggie. Him and his brother run the shop so I just hung out and watched the very interesting foot traffic. Like old ladies showing up with 5 10oz bars of Au to sell.
The truth is out there.
Elements by Visual Capitalist
Elements by Visual Capitalist
And don't forget the Hunt brothers in the 1980's. Tried to corner the silver market, vastly inflating prices. My Sister and BIL lost a ton when they failed to deliver and Silver crashed.
Forgive the naiveite of this comment/question:
The price of gold is for 24k gold, yes?
Ergo, my sister's 8k gold rings from England would be 1/3 the price minus smelting and handling fee?
The price of gold is for 24k gold, yes?
Ergo, my sister's 8k gold rings from England would be 1/3 the price minus smelting and handling fee?
You'll never be able to time the highest sell point.
But Gold and Silver are at historic Highs right now.
Even so, the spread buy to sell, is a real thing, and greater than with stocks.
But profit taking has to happen at some point.
If I had more trust in the dollar, I would sell now.
Since I am not Bullish on the Dollar I am at "hold".
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I plan on selling maybe 25 % of my 80K supply (gld/slv)
I would do all, or nothing.
If you believe the timing is right, then the timing is right for your entire stock.
And if you are correct and even just sorta kinda timed it right, then 6 months later you can a buy back in your same amounts and have money left over.
And if you are not confident that you are timing it right, then dont sell any.
Unless u r selling for an immediate need, thats different.
Just my 2 cents.
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Not selling mine. Best case is in 100 years my great, great grandchildren drag it out, throw it on the table, and make jokes about their crazy ancestor. That will mean things turned out ok. Worst case, someone has to sew it into their clothes like refugees have for millennia.
The question is not when to sell - its what investment will you make with the profits? You need to have a better asset to roll the money into. Dollars are a poor investment, that is why gold is so high currently.
The question is not when to sell - its what investment will you make with the profits? You need to have a better asset to roll the money into. Dollars are a poor investment, that is why gold is so high currently.
I have a small box of silver from a film silver recovery unit. I'm guessing its 95%. I've had it for years, how do i go about selling it ?
Yes when we talk spot price we are talking .999 pure.
A coin/metal buyer local dealer might buy it. What form is it?
chunks off the silver recovery unit. It was from B+W film decades ago. I don't know how much, maybe a pound.
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