Silver info ← Silver Dollar Values and Rare American Coin Values Will Increase with Silver’s Price Explosion Rare American Coin Prices Are Mainly Based on Their Grade: Is Coin Grading Something You Need to Improve? → Silver Eagle Coins at Rare American Coin Prices? Having a Sound Plan for Selling Your Silver at a Profit Posted on July 2, 2012 by Paul St.Julien 1 Knowing when to sell your silver eagle coins is more important than buying them at the right price. I can’t know of course exactly when liquidation time will be, but I remember when I lost my shorts in silver, May of 2011. Based on that experience, I now know when I’ll sell and take my profits. I have rare American coins that I have no plan for ever selling, and an American eagle coin bullion silver collection that will be sold under the right circumstances. rare gold coin prices Have Disposable Silver Eagle Coins Along with Your American Rare Coins Watch for these 6 signs to suggest the market top: 1. When the price is going up unbelievably fast, get prepared to sell. In the case of silver, it raised several dollars an ounce every day for a couple of weeks. I was ecstatic and ready to quit my job, because it was making me so much money. I soon learned what rises that quickly, will fall much more quickly. The top is impossible to see, so watch closely and sell before the plunge. Be satisfied with scoring big and not worry about making maximum profit. YOU WILL BE A WINNER THEN. 2. When you start reading newspaper headlines about people making fortunes in silver, this is the time to execute your plan to make your fortune in the silver content of US coins. 3. When the nightly news starts recommending buying silver as a best investment, because of its skyrocketing price. Watch eagerly for your chance to give the public what they want. You should have quit buying for the bullion value of silver dollars when the prices started their rapid ascent. 4. When your neighbors and friends start telling you how they are going to make a killing in silver, you can offer to sell them some of yours. This is assuming of course you own physical silver, such as silver eagle coins. 5. When the demand is outpacing the supply, become part of the supply chain. Until then, continue to buy what you can afford while the price is slowly increasing. Be glad to be getting it at the “low price”, whatever that may be. selling silver You Should Be Doing What the Sign Says 6. When the “We Buy Silver” signs in store windows turn to “We Sell Silver”. This is one of the surest signs you should be following suit. Recognize the increase in your silver dollar values and take advantage of it. Read on to see how. Silver is really under-valued right now. It needs to be $100/oz. just to be even with inflation. Gold has kept up with inflation. Silver hasn’t. It is still a bargain when it is under $100/oz. I’ve heard some intelligent financial investors say they have no plan to liquidate their precious metal assets. They will sell stocks when the time is right, but not gold or silver. This where I think they missed the boat. Silver goes up and down on its journey upward. You can sometimes profit from this trend. In my plan, you sell when the time is right, at the “market high” and take your profits. Then, when the price plummets again, you have even more money to restock your supply of older rare American coins, than you would have by just hanging on to them. If you do this, be sure to watch silver coin prices after the plunge. The coin value in silver dollars will skyrocket, then plunge in a cycle, all the while slowly increasing in price. Keep buying, especially when the prices are near the bottom. However, knowing that industrial silver demand is outstripping current and future mining production, having a stock of worn silver dollars in possession could be incredibly lucrative when supplies run out. If you take advantage of the silver in American coins, be certain to buy more with the money you made, so you can have some when the future supply really gets low. ETF’s trade on a multiple of their physical assets. That is, there isn’t as much actual silver, as is being traded on the stock market. Because ETF’s are easy to buy and sell, some of my silver selling will certainly be in the form of ETF’s. Good silver ETF’s are SLV and PSLV. Knowing when to sell is easier with ETF’s, because you just place a stop loss right behind the current price, when it is skyrocketing and the broker will sell the shares as soon as it turns. It’s easier and more convenient than physical silver. The ETF’s are far more liquid than the silver content of US coins, and that’s where I will take most of my silver profits. ETF’s make selling silver easy. If owning physical silver isn’t for you, the ETF can be a great alternative, but an even better alternative is Bullion Vault. I think Bullion Vault is the best way to invest in gold or silver, if you don’t want to store it your self. However, I will continue acquire physical silver in the form of silver dollar coins and silver eagle coins, as well as invest in Bullion Vault silver when the time is right.
Posted on: Wed, 17 Jul 2013 13:05:05 +0000
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