jw, i think you and I had this conversation almost exactly a year ago. I was advocating selling all of your silver then (I dumped 35+ pounds @ $34/ozt - which was 2 BTC/ozt ~). I was trying to tell everyone that the PM market is the most heavily manipulated in the world with their bullshit HFT. Nothing has changed, dump now and move into BTC.
Wish I was on here 12 months ago to see this! The metals are heavily manipulated, indeed. This move up in the metals price the last month or so has seen silver move up around $4 in that time.
I still think the metals are a good long term holding but it won't move as much as bitcoin will in the next 12 to 24 months.
Which one would you unload first, silver or gold? Does it make a difference?
Gold first then Silver. Technically Silver has more uses than Gold in an industrial capacity, but both are losing ground to cheaper, more plentiful synthetic metals. Beyond their intrinsic values, Gold and Silver are worthless nowadays.
