OT : Spot Silver now over $80 an ounce
- Thread starter 85Bears
- Start date
Imagine those guys who had vending machines in the sixties. My grandparents used to have coffee cans full of quarters and half dollars
So if you happen to have some actual silver flatware, where can you sell it?
Most precious metals dealers buy sterling silver, refiners also. I’d hold onto it, looks like it’s going higher
Taking financial advice from this guy
means you get what you deserve!!
Not sure if its still there, but back in about 2010-2011 there was a place on Magazine Street in New Orleans that bought silver pieces. There was a price spike for some reason or another and I helped some in-laws get unload some silverware.
Precious metals too volatile...better bet is to invest in a mutual fund that tracks mining and hold on
It's going through a super cycle. Broke through its previous 15 year ceiling.. if you bought in March you should sell and never look back. If you buy it now, sell and never look back.
It's going to shìt the bed soon and lay in it for 15 to 20 years.
It's going to shìt the bed soon and lay in it for 15 to 20 years.
In 1965 the gold to silver ratio was around 1:27 but today it's come down from 1:80 earlier in the year to 1:56. It's just going through its 'normal' cycle as far as I can tell. The price of silver has lagged stocks, real estate and crypto for so long that it's to the point of ridiculousness.
Always wondered what you'd do with "physical gold" coins that you see advertised all the time.
I am waiting on the Hunt brothers to try to corner the silver market.
more deficit spending, the higher the metals go. It may take a breather but I don’t think gold
or silver will stop going up until there’s a currency reset. it’s really just a sign of weaker dollar.
or silver will stop going up until there’s a currency reset. it’s really just a sign of weaker dollar.
Ah screw it. I said I wouldn't post these, but this one just paints too good of a picture.
Here's what silver has done for 45 years... It rewards you for holding it for 20 years or timing it by going parabolic... And everyone who doesn't sell gives almost all of it back. For 20-30 years until it shoots up again. Most investors are dead by the 2nd cycle and the gains would be modest considering how long they had to hold it.
Those three spikes were in 1980, 2010, and 2025. All at the end of economic periods of shock. If you bought $1000 of silver in January of 1979 before the 1980 parabolic move and sold it today you would have +/- $13000. If you put that same $1000 into the S&P you would have +/-$72000.
ETA gold would be worth about $1900 in that same scenario. Gold and silver are dog shìt long term investments.
Here's what silver has done for 45 years... It rewards you for holding it for 20 years or timing it by going parabolic... And everyone who doesn't sell gives almost all of it back. For 20-30 years until it shoots up again. Most investors are dead by the 2nd cycle and the gains would be modest considering how long they had to hold it.
Those three spikes were in 1980, 2010, and 2025. All at the end of economic periods of shock. If you bought $1000 of silver in January of 1979 before the 1980 parabolic move and sold it today you would have +/- $13000. If you put that same $1000 into the S&P you would have +/-$72000.
ETA gold would be worth about $1900 in that same scenario. Gold and silver are dog shìt long term investments.
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In relatively normal times I would agree, I think we are in uncharted waters.
It will crash like every other commodity. Stuff is like clockwork.
You sell the coins for less than what the buyer can ultimately sell them for- in either current condition or after being melted down.
The production gold coins that have been advertised through my life are almost always worth whatever the gold is worth to the buyer, once melted. Those advertised production coins are fundamentally different from actual collectible coins that come from various parts of the world through history.
I started researching precious metals a few years ago and ran across this statement. In 1875 an ounce of gold would buy a good Winchester rifle, in 2025 an ounce of gold will buy a good Winchester rifle. Gold hasn’t gained value it just keeps up with inflation.
So, assuming I have silver bullion I stole from One Eyed Willie, now is a good time to cash those in?
I have no financial advice to offer this thread, just thought I'd share this shirt I bought my wife in green for Christmas.
No but I have some Hawk Tua coin I need to offload if anyone is interested
Lemme know when this bad boy pops
Apparently my grandfather bought it long ago. I ended up with it
Went long on my shorts at 72. I didn't ride it back up. I'll wait for another top. Did pretty good riding it down to 72 from 82