Should you SELL????

 Hey there followers. This isn't really a subject I like to talk about, because there's too many variables. But "some" of my followers, are asking if they should SELL to protect their gains.

Ok...... so, for MOST of my followers, who know how I think when it comes to holding/stacking Silver and Gold, what does the phrase "protect their gains" mean to you about these people asking me the question???? It means, they are pretty much in the "Investment Category" of Silver and Gold. They obviously don't care about the "preservation of wealth" aspect of Silver&Gold. They don't care about the "SHTF" aspect of Silver&Gold. They don't care about the "Purchase items at a discount" aspect of Silver&Gold. They are looking at it as an INVESTMENT. Which is Ok..... but that isn't the main reason I have this blog; now is it.

I will get to these people in a second and give them my opinion on whether to sell or not. But first.... for those of my subscribers who had some of your Silver&Gold for "Purchasing items at a discount"...... This would be a GREAT TIME to consider that purchase. EXAMPLE..... If you've been thinking about buying that new $50,000 car, that would be approximately 500 ounces of Silver. If your Silver stack is averaging about $30 an ounce; because you followed my advice on "Dollar Cost Averaging", then that means the 500 ounces of Silver only cost you......... ($15,000). Not a bad time to get a $50,000 car for $15,000. Or any part of it. I.e. You don't have to buy the entire car with Silver money. You could cash in say 200 ounces (about $20,000) and put down as a down payment. That $20,000 worth only cost you $6,000. Then  do the rest in cash you saved if you don't want to dump all your silver.

What about that MORTGAGE of yours?????? Unless you have a 2% mortgage that you got a while ago..... it wouldn't be a bad time to think about paying DOWN or OFF that mortgage if you have the silver. Just be careful on exchanging silver for dollars so you don't get creamed in capital gains tax. Meaning.... know how, where, how much, etc.... to exchange. But you could definitely save money on interest by paying off your mortgage. Then THAT becomes one hell of a "Pay Raise". But anyway.... that's just "Food for Thought". Ya'll know that legally and technically I DO NOT GIVE FINANCIAL ADVICE. What I do is make sure you know what ALL your options are. You're big Girls and big Boys. You can make your own decisions.

Anyway..... back to those who are seeing the Silver&Gold prices as "Part of their Investments" and they are wondering my thoughts on whether or not they should liquidate some to protect their gains. Ok.... so, we're assuming you are stacking for the Protection of your wealth during economic bad times; or in case of economic/social SHTF; or to purchase something at a discount. STRICTLY INVESTMENT??????

Well, my "opinion" is, that the price of Silver&Gold is going to fluctuate quite a bit. I do believe it will go to $120-$140. But I also believe it WILL do a 30-40% correction. Meaning, Silver might drop back down to around $75 an ounce. Gold won't drop as much. But then after the correction and stabilization, Silver will continue to move forward again. How far forward????? That depends on Industrial needs. 

See.... INDUSTRY doesn't care about the price. (They pass the price of their products on to the consumer). INDUSTRY cares about AVAILABILITY!!!!! They NEED Silver and they will buy it early and stock pile it so they will have it. They don't care about the price. Also, certain banks, like JP Morgan are stocking silver. Mainly because of industry. They know that they are going to need silver and what they stockpile will eventually run out. Anyway, this is why I believe Silver will go up some more, then lose a bit (But still be over $70-$75 an ounce), and then start it's NEW NORM!!!

So, if you are truly looking at this as an investment..... then you should develop a strategic plan to sell some. Don't sell all at once. As I'm typing, Silver is at $112. Sell 10-20% of what you're holding for "Investment Purposes". Then, if it gets to $120 OR $100 an ounce, sell another 10-20%. DON'T BE GREEDY!!! Just like you obtained your Silver using Dollar Cost Averaging..... that's how you should unload. This way if it goes up, you make more; and if it goes down, you didn't risk all at the lower price. But I HOPE those that are asking this question, ALSO HAS SILVER for the MAIN 3 REASONS you should have Silver&Gold, and you're just asking about the amount you have set aside for investment purposes.

Also..... SOMETHING VERY IMPORTANT!!! Right now Silver is at $112 an ounce as I write this. There is NO WAY IN HELL that any shop is going to give you $112 an ounce. The price is TOO VOLATILE. Tomorrow it could be $100 or $120. The buyers/sellers are NOT going to take that risk. At today's price of $112, you would PROBABLY be offered somewhere in the $95-$100 an ounce range. MAYBE a couple dollars more. You will NOT GET $112. Sorry. Supply/Demand/Risk. This is what the buyers/sellers have to deal with. I sure in hell wouldn't give you $112 for an ounce of Silver that could possibly be $100 or $95 tomorrow. Now..... when the price STABILIZES and the NEW NORM is established, then you can expect normal couple/few dollars under spot to buy and a couple/few dollars over spot to sell. That's how the retailers make their money. But today...... this is NOT NORMAL!!! Too much risk. So, for investment purposes, sure sell some of your "Investment Stack". e.g. 10-20% and dollar cost average it. So today 10-20% at around $95-$100; then do the say if it goes up or down every $10 an ounce. (Knowing you're going to get about 90% of spot price.

Oh..... and if any of you are PAPER SILVER&GOLD holders/owners?????? This is NOT the place for you. WE; (Me and my Followers) do NOT BELIEVE in Paper Silver&Gold. If you CAN'T HOLD IT...... You DON'T OWN IT!!!!

CYA

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