I have not posted much the last few days and while trying to think of topics to post about, I started to wonder what my silver selling price was. How much would silver spot need to rise before I felt I had to sell. Most people have an idea in their heads of how much silver spot will go to, but I have no idea at all. It is something I have never put thought are research into, I’m all about that silver to gold ratio. But, everyone has a price……
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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