When to to sell silver and gold?

[spasm3]

Probably taking this in today.

Not sure what to expect to be offered per ounce, electrolysis silver recovery should be 98%.

 

[spasm3]

JM bullion is fine as well. I have bought in the past at a sort of local place but have not been in years. If you paid cash there price was a bit better than online.

As for when to buy - adjusted for inflation the all time high on silver is $200. Not advocating buying, just saying.

** edit - Forgot to mention - the benefit of silver rounds is there easier to authenticate. They also generally carry a numistic premium - which is good or bad depending on if your buying or selling.

JM Bullion.
Am surprised they have not been mentioned here yet.

I think I will get a quote from JM bullion , before seeing what is offered local.

 

[SubieRubyRoo]

The value of gold is up 50% during the last year, and silver is 60%. Sounds like an investment to me...

What’s meant by saying precious metals are not an investment is that those are only worth what someone is willing to pay for them, and you may not have direct access to whoever will pay said amount.

Meanwhile, income-producing things like stocks or funds that pay dividends give you actual money in your pocket without ever destroying (selling) part of your initial amount.

Your spot value of Au/Ag may have increased, but that can disappear overnight, and to gain any of that value you must sell a portion to reap that benefit. I’ve made over $16k this year on dividends from a single fund, and right now I’m reinvesting it to buy more shares of that fund to further increase my monthly dividend amount. However, if I was old enough, I could have taken said dividend in cash and had $16k in my pocket and still be generating that same payback without selling any shares.

You can’t play that game with an asset where the only value is in the item itself.

 

[2005jettatdi]

Cramer also made a lot of people broke

Best signal. If Cramer says "Buy gold and silver." it is time to rush out and sell.

 

[SubieRubyRoo]

Best signal. If Cramer says "Buy gold and silver." it is time to rush out and sell.

Legit.

 

[Pablo]

I think I will get a quote from JM bullion , before seeing what is offered local.

Multiple pounds it's worth getting more than one quote. I would check locally honestly. I do trust the big guys BUT you ship to them (if possible) then they will do some sort of quick assay maybe just XRF. But you will have no leverage at that point.

Not even sure they will give you a verbal scrap quote (they might, but think about it)

 

[Dave Hess]

What’s meant by saying precious metals are not an investment is that those are only worth what someone is willing to pay for them, and you may not have direct access to whoever will pay said amount.

Meanwhile, income-producing things like stocks or funds that pay dividends give you actual money in your pocket without ever destroying (selling) part of your initial amount.

Your spot value of Au/Ag may have increased, but that can disappear overnight, and to gain any of that value you must sell a portion to reap that benefit. I’ve made over $16k this year on dividends from a single fund, and right now I’m reinvesting it to buy more shares of that fund to further increase my monthly dividend amount. However, if I was old enough, I could have taken said dividend in cash and had $16k in my pocket and still be generating that same payback without selling any shares.

You can’t play that game with an asset where the only value is in the item itself.

Which fund are you getting dividends from ?

 

[SC Maintenance]

What’s meant by saying precious metals are not an investment is that those are only worth what someone is willing to pay for them, and you may not have direct access to whoever will pay said amount.

Meanwhile, income-producing things like stocks or funds that pay dividends give you actual money in your pocket without ever destroying (selling) part of your initial amount.

Your spot value of Au/Ag may have increased, but that can disappear overnight, and to gain any of that value you must sell a portion to reap that benefit. I’ve made over $16k this year on dividends from a single fund, and right now I’m reinvesting it to buy more shares of that fund to further increase my monthly dividend amount. However, if I was old enough, I could have taken said dividend in cash and had $16k in my pocket and still be generating that same payback without selling any shares.

You can’t play that game with an asset where the only value is in the item itself.

I agree and disagree. Gold is an unproductive asset. It’s doesn’t pay a return. This is why Buffet does not like it.

On the reverse side the odds of it going to zero are much less than your fund. It’s been money for at least 5000 years.

Most investors hold it as a hedge against fiat. So they hold small amounts- like 5%.

$16K being good or bad depends on what the actual yield was. Not asking - don’t want to know but you get my point.

 

[Dave Hess]

I think I will get a quote from JM bullion , before seeing what is offered local.
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Did you work at NASA and remove from space shuttle ?

Just kidding.

 

[WeyounDS9]

I think I will get a quote from JM bullion , before seeing what is offered local.
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I am doubtful if they buy precious metal like that.
JM Bullion mints its own propritary Silver Coins and Bars and I dont think they do Gold.

If you were selling rounds, coins or bars I'd talk to them for an offer , but with this you might be disapointed in the answer.

 

[2005jettatdi]

I agree and disagree. Gold is an unproductive asset. It’s doesn’t pay a return. This is why Buffet does not like it.

On the reverse side the odds of it going to zero are much less than your fund. It’s been money for at least 5000 years.

Most investors hold it as a hedge against fiat. So they hold small amounts- like 5%.

$16K being good or bad depends on what the actual yield was. Not asking - don’t want to know but you get my point.

In ancient Egypt, silver was more valuable than gold. At the time of King Tut the ratio was reportedly around 1:2. Compare that to today's ratio of 89.75:1. In more recent history the ratio ranged from 16:1 to 20:1.

That does not mean silver is seriously undervalued compared to gold. Most gold mined now is microscopic gold and very expensive to mine. Silver is relatively inexpensive to mine, ranging from around $19.44 per ounce in North America to as low as $8.91 in Asia (2023 figures).

 

[SC Maintenance]

In ancient Egypt, silver was more valuable than gold. At the time of King Tut the ratio was reportedly around 1:2. Compare that to today's ratio of 89.75:1. In more recent history the ratio ranged from 16:1 to 20:1.

That does not mean silver is seriously undervalued compared to gold. Most gold mined now is microscopic gold and very expensive to mine. Silver is relatively inexpensive to mine, ranging from around $19.44 per ounce in North America to as low as $8.91 in Asia (2023 figures).

Yes, I find the history the be very intersting. I believe relative to the elements gold is 10X more rare than silver. However just about all Gold ever mined is in someone's vault somewhere, while most silver mined has been "used" up in microscopic amounts in cell phones and circuit boards. So above ground supply of silver is less than gold.

However the simple reason for the current run up in gold is foreign central banks are accumulating it in mass. I don't know when the last time that was but I am sure it was pre 1971. I don't see that trend ending, and if it did there not likely to turn around and sell it all anyway. However there not hoovering up silver. So until someone does gold will be worth much more.

 

[blain450]

Central banks around the world have been

Moral of he story, deal with the largest business you can find.
They will actually have a reputation to protect.

Or find a coin & jewelry shop that's still being run by the same man, same location for 30 years.

 

[Vil_Riker]

In my view bullion is value preservation against fiat currency. I don't see it as an "investment". The central banks have been buying gold for a few years now in preparation for the eventual devaluation and replacement of the USD with a form of crypto by the US government.

 

[Al]

Gone up 3% since the start of this post

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!

Bad advice..its gone up 3% since you posted
I'll be that hog that got slaughtered. As someone who only needs to keep up with inflation. I only have a total of 60K in gld/slv. Its not gonna' drop more than 15%. If it does I'll buy 10K worth. Over time its almost impossible to "time" the market.

Yes you can sell and take a nice profit and I know that is what you are saying. So its not really "bad advice"

 

[Pablo]

Maybe a

Gone up 3% since the start of this post

Bad advice..its gone up 3% since you posted
I'll be that hog that got slaughtered. As someone who only needs to keep up with inflation. I only have a total of 60K in gld/slv. Its not gonna' drop more than 15%. If it does I'll buy 10K worth. Over time its almost impossible to "time" the market.

Yes you can sell and take a nice profit and I know that is what you are saying. So its not really "bad advice"

good argument for selling half or some portion.

 

[PandaBear]

When to sell depending on your investment goal. Do you want to cash out and enjoy life? Pay off mortgage? Pay for kid's college? Hxxkers and Blxx? Or are you just managing a generational wealth and pass that down to your great great great grand children Chris XIV?

For me I am holding my gold till a major collapse happen and people are begging me to buy distressed investment off their hands. I have to see bankers jumping off skyscrapers in Manhattan first. It hasn't happened yet. Right now I am just keep on buying until the free money is over for real (it is not yet) and things are not overpriced.

Maybe after the AI boom is over and some companies collapsed, triggering a big collapse and central banks are not going to print money because it is already hyper inflation? I don't know, I just know it is not time for me yet.

 

[PandaBear]

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.

It is a hedge against some type of assets. It is still an investment when you buy it for the right reason (to diversify against some other types of investment).

I'm currently about 30% gold 40% real estate 30% tech stock right now. I can sleep at night regardless of how any one of them go up or down, I know I will be good 10-30 years down the road no matter what.

 

[PandaBear]

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?

I thought jewelry is at least 14k, and then 18k or 24k. I have never heard of 8k gold before and I highly doubt it is worth much. Gold has a better spread than other jewelry metal because it is easy to just melt and turn it back into another jewelry. Not platinum, not 18k or 14k gold, only 24k.

 

[PandaBear]

Best signal. If Cramer says "Buy gold and silver." it is time to rush out and sell.

Gold has a much much higher trading volume in the world than US stock market, and Cramer has no influence on what a central bank is doing. I don't think silver is hold in as much of a volume as gold in most central bank, but then again Cramer has not enough influence on that either.