OT: Silver

TUSCL is well known as the go to place for financial insights so here I am. Silver has been on a bit of a tear recently. I’ve never been much of a fan but for convoluted reasons I bought a good amount a few years ago. Last week after seeing the recent price increase I took a small handful to my dealer to sell. Much to my surprise they were paying a one dollar per ounce over spot premium for physical silver which was a nice bonus. My guy asked whether I thought the price would continue higher or reverse back to where it has been sitting forever. I told him that since I was selling it was a guarantee that the price would keep rising and if I started buying then he would know the price was headed lower. Well damn if the price isn’t going up and up. I know all the “reasons” that commodity traders like to tell themselves but with the way the government is printing money (obscene amounts) and the way the dollar is dropping I’m facing a bit of a dilemma. As I said, I never really meant to own silver but I do. While I only sold a handful I have a bunch more. If I sold it now I would lock in a very respectable return but I don’t need the cash and those dollars are becoming worth less and less everyday so maybe I should just keep my stash of silver even though I don’t really want it. So where is the price headed? Do I cash out, let it ride or do I climb up on a roof top and throw maple leafs at the terrorists rioting in the streets below? Yeah I'm bored.