1D·

Silver sale

Now there will be a lot of counter-arguments here, but I have decided to sell my silver position.

Joined in 2021 and made approx. 430% return (that's what it actually is because it was physical).

This is physical silver that I sold privately.

I didn't hit the top and the silver price will probably continue to rise, but in a sell-off (which I think will come) it will be extremely difficult to sell physical silver at reasonable prices. I have therefore decided to sell it in the uptrend.

I feel good about this decision.

To all those who are still participating in the rally - good luck!

19.01

Silver

Vendido x60,93 en 95,19 €

5800,00 €

370,46 %

24 Comentarios

alphawolf@alphawolf

Congratulations, a profit is a profit, no matter when the exit takes place :)

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Musikerie@Musikerie

In what form do you have your silver physically if it is "difficult" to sell?

There will certainly be some profit-taking, perhaps some resets, but demand is also rising steadily and the market is empty, supply is limited. I think the profit-taking will fizzle out more than some people think. The mines are only now doing the big business, so we can hope for another significant price increase. The geopolitical situation and the weakness of the dollar are actually all playing into the hands of precious metals.

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mein_depot@seppl6431

@Musikerie normal silver coins. It is by no means difficult at the moment. Only private sales could become difficult as soon as a sell-off starts.

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Kurama@Kurama01

The profit come when you sell, if you made +19383827% but still hold then are just number on the screen, so good decision and enjoy your profit

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Powell@TheRealPowell

Congratulations. I'm also still thinking about it. I've already been to the bank. But in the conversation I heard an extreme urge that they wanted to have it at any price because they don't even issue more coins because they can hardly get any. So I think it could well go up to 150 € the offer seems to be at such a low point if they can't even issue more coins.

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mein_depot@seppl6431

@TheRealPowell Yes, there are hardly any dealers left, hence the private sale, as I could go higher with the price than if I had sold it to a bank or a dealer. In addition, the buyer doesn't have to pay VAT, so it was slightly cheaper for him than if he had bought it from a bank or dealer. Win win - and that's why I think it will be all the more difficult to sell physical silver when we are in a sell-off.

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Powell@TheRealPowell

@seppl6431 Yes, the only question is when it will come. I think that will continue for the time being. Do you already have an idea where your profits should flow into? If you still want to invest in commodities, take a look at copper !!! It looks pretty exciting. But I would rather buy it on paper if I were you 😂

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mein_depot@seppl6431

@TheRealPowell That's it for precious metals for now. I still have just under 8% in gold - and I'm going to let that continue.
I don't yet know exactly where the capital will go. In my opinion, the markets are very hot, but they have been for months. Over the next 6 months, I will let the capital run into the market via a savings plan - MSCI World. That way I have overcome the problem of timing.
If something comes up during this time, I'll grab it wherever I can.

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ThomasHH@ThomasHH

20H

A silver sell-off is unlikely. A correction is certain and offers entry prices.
Unlike gold, silver is not an object of speculation. Silver is needed and consumed by industry. Since China is imposing restrictive licenses on exports, supply will continue to lag behind demand.
Buy silver and leave it. We will crack the $200 mark in the medium term.
All those who are now nervously realizing book profits will realize in the long term how much money they are giving away.
Currently, every available ounce is being bought away. Even antique sterling silver tableware is currently being melted down to meet demand.

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Powell@TheRealPowell

@ThomasHH Correction is now in 😂 after the almost 14 percent rise yesterday and then back to almost 0.0, a lot of money should have been flushed out

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mein_depot@seppl6431

@ThomasHH what you write was already known 3 years ago and yet there was no rally. Every flagpole will be sold off... the only question is when. I don't begrudge you a 200$ price and I wish you a timely exit 💪🏻

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Charmin@Charmin

@TheRealPowell So I think this "there is no more silver" is total nonsense. Every major precious metal dealer will sell you silver coins. Every one. There is no shortage. Only people who want to sell you more silver end up saying that.

Disclaimer: I'm a big fan of precious metals. But not a fan of recurring bullshit arguments as to why you should get into silver.

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Powell@TheRealPowell

@Charmin did I say do it right now? The train has left the station, as they say

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Daredevil@daredevil

Nice profit! Did you sell everything? Or hold on to a few coins for fun? My issue with selling physical right now is that there is VAT when you want to buy back now. I also bought my physical in 2021

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mein_depot@seppl6431

@daredevil I got rid of Everything. My plan is to DCA into an indexfund with Gold and Silver or the $CMOD

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Bene@bene87

Congratulations! But why no trailing stop to take the current profits for as long as possible?

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mein_depot@seppl6431

@bene87 Not so easy with physical silver 😅

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Bene@bene87

@seppl6431 achso that's probably right :D sorry misunderstood

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Artiskon@Artiskon

very good !
I also have a few ounces lying around and we are now actually in the area where I can simply exchange for 1 ounce of gold.

I'm really looking forward to it :)
oooor put the money down first, in the hope that this sharp rise will be significantly corrected in the near future.

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Harald@Madhatter5566

Physical is indeed not easy. The small traders will not be able to buy at the high prices at spot or above, much less sell.

For my part, I have been holding it for so long now that the spot price is quite enough for me. Although I personally believe that prices will be significantly higher. The thing hasn't run yet. But it's too late to get in.

I prefer to buy copper at the moment. I am firmly convinced that it will follow suit.

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Merchantsbatter@Merchantsbatter

22H

Where did you buy the silver physically? Whether I look in classified ads, at gold & precious metal dealers or online, I am always offered silver "far" above the traded silver price. Usually 5-10% above the current market value. I would also like to buy silver/gold, but I don't know where.

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mein_depot@seppl6431

22H

@Merchantsbatter Yes, because you have tax on silver, so it's always higher. And private sellers take advantage of this and can charge a premium. You won't be able to buy physical silver at spot price - correct me if I'm wrong

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BucketBear@BucketBear

21H

Good job/profit

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Alfred E.@Papiertiger

Same 🥳

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