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  #1  
Old 23-07-2020, 07:14 AM
daniel6886 daniel6886 is offline
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Default Those bought silver in 2012/13. Hold or sell?

Hold further or time to sell?
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  #2  
Old 23-07-2020, 06:13 PM
freeier freeier is offline
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Buy more ? haha...
maybe i am crazy...
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  #3  
Old 23-07-2020, 06:44 PM
stryker stryker is offline
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Quote:
Originally Posted by daniel6886 View Post
Hold further or time to sell?
If you bought in 2012, based on current spot price, it's very near breakeven right?
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  #4  
Old 23-07-2020, 06:47 PM
stryker stryker is offline
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I bought my physical silver between 2013-2015.

Due to high buy-sell spread, I was looking at paper loss for a very long time.

Today afternoon, checked the spot price

Then I checked the buy-back price of the gold shop, even more

From loss, turn to profit

I'm looking to dispose of my silver holdings once it reaches my target price.

Prefer to keep gold instead of silver now.
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  #5  
Old 24-07-2020, 04:12 PM
daniel6886 daniel6886 is offline
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Quote:
Originally Posted by stryker View Post
If you bought in 2012, based on current spot price, it's very near breakeven right?
I bought late 2012 so not at the peak. Average out until 2015 so now just break even.

My gold make money but mostly Panda so too much emotional attachment think not letting go for now
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  #6  
Old 24-07-2020, 04:13 PM
daniel6886 daniel6886 is offline
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Quote:
Originally Posted by freeier View Post
Buy more ? haha...
maybe i am crazy...
This is a tough decision for me.
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  #7  
Old 25-07-2020, 11:05 AM
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TheCoolPlayer TheCoolPlayer is offline
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Has the gold and silver train left the station
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  #8  
Old 27-07-2020, 01:44 AM
moyyewhon moyyewhon is offline
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Won't be selling my physical silver. Sell for fiat? Won't sell it until at least a 4X or 5X
As paul tudor jones 5:1 (risk /reward) strategy.
But be careful of gold being overbullish, the dollar milk shake theory and mean reversion.

Managed to buy some Armenian noah's ark silver and some maples during the march crash before the premiums went beserk.

reference:
https://www.trendfollowing.com/paul-tudor-jones/
Paul Tudor Jones: 5:1 (risk /reward). Five to one means I’m risking one dollar to make five.

.
__________________
bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...

Last edited by moyyewhon; 27-07-2020 at 02:32 AM.
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  #9  
Old 07-08-2020, 12:03 AM
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ahlau ahlau is offline
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Join Date: Jul 2012
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Angry Where all the old members of gca

Wow. Haven't posted in years. Where's everybody????

Yes, Im still holding all my silver bgt since 2011-2012.
Have been underwater for soooooo many years until Lek sim .

All old Kakis all gone for good? Chef. Freeier, master Id etc etc.


Nobody posting in GCA anymore despite recent run up??

Those years of being bashed by lowering spot prices must have affected
Everyone
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Give up taxi. Now everyday roaming the streets!
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  #10  
Old 07-08-2020, 07:02 PM
freeier freeier is offline
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haha.. simidaiji.. hear my nick..

i think the enthusiam died when people who think they can make quick money all cannot sell their holdings..

for me i am out of sg now working in hk, but i still buy regularly.. i honestly don't know if i make or loss... but i am sure my gold i making if i sell now..

silver.. hold for kids
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