So, When should you sell/trade BACK your Silver & Gold

 I know some of you are getting nervous. Silver is around $65 an ounce. Gold is over $4300 an ounce. You're wondering if you should sell. That is a LEGITIMATE QUESTION!!!

Silver & Gold WILL go down in price. That's a fact. But, it's also a fact that Silver & Gold WILL go UP in price too. The thing is...... you just don't know when.

Remember.... why do we trade/exchange dollars/currency FOR Silver & Gold??????

1. Preservation of wealth: Silver & Gold have maintained its value in purchasing power throughout time. What you could buy with an ounce of Silver or Gold 100+ years ago..... you can still buy NOW. 

EXAMPLE: In the early 1900's a Silver DOLLAR could buy a person a REALLY nice dinner. (You could obviously feed a family with homemade cooking, but to go to a REALLY NICE RESTAURANT would be  a silver dollar for a nice meal for 1 person. TODAY: An ounce of silver is floating around $60. A nice restaurant would be between $50-$100 per person. Same with homestead land. In the early 20th century, you could buy an acre of land for 1 ounce Gold coin. Today, you can still buy an acre of similar land for about $4,000-$5,000.

2. Economic SHTD: Whether it's because of war, apocalypse, epidemic, etc... there could be a time when the economy shit's the bed. FIAT Dollars/currency won't be worth the paper they are printed on. In Germany, during WWII, people LITERALLY had to have a WHEELBARROW filled with German Marks just to buy some basic food. But for thousands of years, Silver & Gold was secure. People will still want and trade/barter/etc... for silver and gold. (Along with firearms, ammo, medicine, and especially PEOPLE'S SKILLS!!!! ) You are you greatest asset. IF.... you are self sufficient. 

3. Finally, we trade/exchange dollars/currency for Silver & Gold to buy things in the future, (That we DON'T NEED, but WANT, in the future), at a DISCOUNTED PRICE. 

EXAMPLE: Accruing Silver using dollar cost averaging and bought silver for 5 years. 2020-2024. Silver was around $18 in 2020. They maxed to around $35 in 2024. You've been buying steadily. Let's say you've accumulated 1000 ounce. (Basically, you bought a 20 ounce tube 10 times a year). We will assume that your AVERAGE over the 5 years puts you at a break even point of around $26.50 an ounce. Because you bought some below and some above. So now.... Silver is at $65 an ounce and you wife WANTS a brand new car. You trade BACK some of that silver. Half (500 ounces) would be about $32,500. But at your average price, you only exchanged (Paid) $13,250 for that 500 ounces. Which means for that same $32,500 car...... you only paid $13,250 for it

So..... let's assume that you've made up your mind that you want to trade/exchange some of your silver and/or gold back for Dollars. If you could pay off an expensive loan, that would be a GREAT REASON for trading some silver back. Debt free is the BEST INVESTMENT of all. And if you can eliminate debt at half price, go for it. Or maybe you were considering that new car, or a vacation, or a home improvement, or something else. You've saved for it, but you really don't want to kill everything you've saved. Nothing wrong with trading back silver for dollars for that. So, how much should you trade/exchange back????

Remember.... I am not giving you advice. I am giving options. I am helping you think outside the box. You make up your own choices. Just remember to keep emotions out of your decisions. So, first you have to decide WHY you have the silver & gold. It could be all 3 of the main reasons above. It could be for other reason I didn't mention. I don't mention silver and gold as an "Investment" but some might. Also, you have to determine how much you have and how much you want to keep. If the SHTF scenario IS PART of the reason you have Silver & Gold, then I suggest that you keep at least 30% of your silver & gold and never sell it. Keep the 90% silver coins and round. Silver that is small enough that you can use it to barter and buy things with in a SHTF scenario. 

So, worst case scenario, I, and this is just me, would consider the following:

• Spot silver passes $60 per ounce:  Sell 5% of your silver holdings.
• Spot silver passes $70 per ounce:  Sell 5% of your silver holdings.
• Spot silver passes $85 per ounce:  Sell 5% of your silver holdings.
• Spot silver passes $90 per ounce:  Sell 5% of your silver holdings.
• Spot silver passes $100 per ounce:  Sell 10% of your silver holdings.
• Spot silver passes $140 per ounce:  Sell 10% of your silver holdings.
• Spot silver passes $160 per ounce:  Sell 10% of your silver holdings.
• Spot silver passes $180 per ounce:  Sell 10% of your silver holdings.
• Spot silver passes $195 per ounce:  Sell 10% of your silver holdings.

Take note that those sales would total 70% of your current silver holdings.  Remember, I told you to keep at least 30% for the SHTF scenario.  You should consider the remaining 30% your core “do not touch” holdings. 

Now remember... each person is different. Some might only have a couple hundred ounces. For some, they might really need the money/dollars. For some, they have plenty of money and they don't really need to trade/exchange back, BUT... maybe they don't have family or anyone to leave it to if they die, so, they might as well trade some back and splurge. The point is..... there is no ONLY ONE RIGHT ANSWER for everyone.

Finally..... remember how and where to trade/exchange back your silver. Understand how you "might" have to deal with capitol gain tax; depending how/where you trade/exchange back for dollars. Also, how much you trade/exchange at one time might make it difficult to keep it private. Like depositing $15,000 in cash in the bank forces the bank to annotate and report to the IRS to ensure it isn't drug money or money laundering. Same with buying a car. If you hand the dealership $35,000 in CASH.... Someone is going to ask you where you got the cash from. Understand the limits, rules, laws, etc... Most of my followers are in the United States, but I have followers from all over the world. Over 30 countries. You all have different laws/rules. Just keep this in mind. Remember to; maybe you know someone who really wanted to get into trading/buying silver & gold and they think they missed out. Well, depending on the premiums they would pay to buy, and your premiums to sell back, there's nothing to say you can't do a private trade with your friend. If SPOT PRICE is $65, you could give him some silver AT SPOT. He saves money from paying $1-$2 over spot for premium, and you save money when the normal buyer only wants to give you $62-$63 per ounce. Be creative.

CYA:

SE: