Jerry writes:
I read constantly from many of the people here, but one thing I never read is when to sell! No one provides an exit strategy as it pertains to investing in gold and silver. Is it because no one here has an exit strategy? Will silver NEVER get to a price that any of you would sell? I have already read 1,001 reasons to buy, but no one seems to have an idea when to sell. Does this not seem odd? What are we to do? Hold on until the massive economic collapse and then buy bread and water with our silver eagles? At times it sounds like a pep rally here. So, when would you sell silver? $75/oz? $100/oz? $200/oz? $500/oz? $1,000/oz? And if you did sell at $1,000/oz what do you get for your efforts? You get the paper fiat all of you say is going to be worthless? So when and how will any of you come to the place of selling?
Jerry-
It appears that you have either never read most of what has been written on SilverDoctors, or else you fail to comprehend or understand it. You seem to be looking for trading advice and/or are looking to get rich quick on silver. This is not why we promote gold and silver here. Gold and silver are money, period. Fail to comprehend that, and everything you read here is meaningless. If you want advice on when to turn your silver for a quick fiat profit, this is not the place for you, go read Bob Moriarty at 321gold. Bob will be more than happy to try to call temporary tops in silver for you and give you advice on locking in paper profits in silver.
We actually did recommend taking profits on any paper positions such as mining stocks during the last week of April, almost immediately prior to the cartel's violent take-down of silver. (We took profits in a portion of our own position in First Majestic at $26.85, within 3 ticks of its high of $26.88, before AG corrected back to the $17 range) While we knew silver was overbought and was likely to correct at the time, the fact is we are now simply too close to the end game of our current financial system to risk trading your physical silver position for short term profit potential. We did advise readers who were concerned silver was overbought and due for a steep correction to consider exchanging a portion of their silver for physical gold at that time.
The ultimate reason you have never read us recommend selling silver is because it is still a screaming buy!
Your arrogant questioning of when will we sell our silver...75, 100, 200, 500, 1000? reveals how little you understand silver.
Your statement that when we do finally sell our silver we will receive worthless paper fiat in exchange for it reveals how little you comprehend what silver really is.
The reality is that we don't plan on ever selling our silver for paper fiat dollars. Silver IS MONEY. Why would we choose to trade that real money for worthless cotton fiat during hyperinflation? We plan on using our money, after it increases in true value (based in goods and services) to BUY other assets! Real estate, food, land, stocks, heck, maybe a boat or two.
Ultimately, gold and silver are wealth preservation assets from the coming currency destruction of the US dollar and other major fiat currencies.
Sell your silver at $50 or $75 if you like, we're sure many of our readers would be glad to take it off your hands.
-The Doc
