I would have to say that everything over £30 ($40) and would be thinking about it. If it is a fast rise, I would sell and rebuy more after a dip and the storm has settled. If it is a slow rise, there is a lot more thought needing to go into my options. I am hoping that I never need to make that choice, I going to play the ratio game instead. I started 4 years ago and have 30 more until retirement, I would hope to be able to flip my silver stack into gold and back into silver at least once each before this time runs out. I plan to do my first flip when the ratio is around 40-1 and I will keep it nice and simple and only get gold sovereigns. If there is one thing I have learnt from silver is there is too much choice and your stack becomes plentiful in selection after a few years. Is really nice to own and a pain in the A for reselling to get best returns. When the ratio hits around 70-1, I will flip my sovereigns for silver. No idea what I will buy, that’s a lot of years away to planning. This is the master plan.
If silver were ever to go £50+ and gold followed it, and then I would have a hard decision to make. If it were enough to buy a rental property I would have to go have that and restart stacking. It’s very hard to know what you would do until you are in that place. Silver might drop back down again, are it might go to £100 and I sell out at £40 losing all my silvers growth. I guess we just have to wait and see what the futures bring. I f I had to draw a line and pick a number right now, I would go with £40 an oz. This would give me enough to get a rental income on the go. What is your price? Do you even have a price? Let’s get some great comments below and share some information.
Check out some of my other posts if you liked this one
My entire SILVER stack STACKED *******http://steemurl.com/AtgMRrfV
Stacking on an avg income ************http://steemurl.com/c3BcQYQL
Growing the #STEEMSILVERGOLD group**http://steemurl.com/d9qNlTr4
Counterfeits, Check Your Stack Part 1 **http://steemurl.com/2XXx4rnP
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With the old, historical gold/silver ratio being around 15 to 1. And, today's $1270 spot gold. I'd say $1270 divided by 15, should put silver at $84+. But, it's on sale for under $20.
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In the old, 15 to 1 days, silver came out of the ground at 11 : 1. Today, I've seen the (out of the ground) gold/silver ratio at 8 to 1. Silver is getting harder to find.
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I dont think we will ever see these ratio's again. I hope i am wrong on that. When you take into consideration how much the dollar has devalued since it was taken off the gold standard, you are looking at a far greater silver and gold price. We really are getting f'ed from all over the place and i hope someday we will see everything become undone and we be rewarded for stacking :D And yes silver is getting harder to find, its unreal how the price can still be at these levels.
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I'll sell a small percentage as it goes past $30 and higher, but I think I'd hold on to most of it for the Long haul.
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I think im still holding at $30, silver is at least gonna have to double up from my avg per oz before i will sell any. Its a silly rule but rules are rules.
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I have never thought about what price I would start to sell at, as long as I don't need cash I will keep holding g it.
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I think most people will be in the same boat, if you dont need the money, why sell?
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If I don't need to sell it, then I won't.
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I also plan to trade the g/s ratio. As far as straight up selling, I don't think I would part with my stack for less than $100USD. That may sound outlandish, but I truly believe we will see that price before I kick over. I'm only 45, so hopefully, that will be a decent amount of time, heh. It would really depend on the circumstances at the time as well (whats the value of the USD/world currencies, it there still electricity, etc?).
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To be honest, i would except to see those prices within my lifetime also. Inflation and fact that silver in undervalued will ensure we see these prices. 20 years ago silver was trading at less than 25% the price it is today so its guaranteed. Sounds like most people have double exit plans.
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Nice post. For me it depends on the circumstances of world events.
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Thats very true, we could make a whole new post just on that topic :D
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I've never really thought about it! I really want to play the ratio game, too. That's my goal. I hope I don't have to sell off any silver but until it's at least $40-$50 I'll be selling off anything and everything else first. I also don't plan on stopping the stack ever. Some people have very concrete goals and they plan on shutting down when they hit a certain weight. As long as the ratio is as crazy as it is I'll be steady stacking silver as the budget allows. If that ratio dips then I'll move to gold just to be in a better position to trade out for even more silver if and when the ratio is in favor of that move. Great topic, customary resteem coming your way!
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I never plan to stop stacking either, it just too good of a way to save money for me. I will always buy silver to cover my date runs every year but if the ratio drops i will also swap an extra funds into gold. Its seems alot of people have simular plans. Its good to know and a little reassuring :)
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That is always the question. And my answer would always depend on current market conditions. If everything was exactly the same in the world but silver spot shot up to $50 then yes id sell, but if(sorry when) the dollar looses all its value and hyperinflation hits here in the UK, the long term storage of wealth in silver would be more than any paper money you could offer me. Did that make sense, do you know what I mean?
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yes, perfect sense. If (when) super inflation hits the dollar, the dollar price of silver will shot to the moon and holding your silver makes more sense then selling it for paper crap are numbers on screen that are losing value every hour of the day. You have just gave me an idea for a post. Thanks buddy
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Don't think about taking all my ideas for posts. I'm just getting going. Lol
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You dont even know my idea, haha. I will tag you to the post so you know what the idea was. :D
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The moment life gets old.
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The comment with the least words makes me think the most. Thank you
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Everyone does not have a price! My silver is not for sale!
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Good man :) You plan to pass it on?
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Yes Sir!
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$100 usd but just a tiny bit to get back on my feet again 100% all in on AG with no ca$h left !!!
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Im pretty much the same. I have some gold and little bit of this and that but 80%+ in with silver.
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over $34, maybe... to sell a small percent
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Selling off bits as the price goes up?
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