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Replies: 25 / Views: 5,675 |
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Pillar of the Community
United States
622 Posts |
I probably lean towards fistfull's line of thinking. If silver were to run to $100/oz in a relatively short amount of time, I'd consider buying hard assets. It would depend on how much the metal run affected the value of other hard assets.
I think its important to note that most people discount the metal value of copper in 40% halves. Right now, its considered a negative because of the 'refining' costs to separate the metals. I would encourage my CRHing friends to visit a calculating website and consider the possibilities if copper were to go on a similar run. It may change your perception on the 40% halves, if you're in it for the long haul.
OO
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Valued Member
United States
166 Posts |
I plan on trading my Kennedy halves once the silver to gold ratio comes down. Right now its about 65 oz of silver per oz of gold. The norm the last 30-40 years has been 50 to 1 so once the ratio go's down to 30 or 40 to 1 I'll most likely trade my silver halves for gold.
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Pillar of the Community
United States
2734 Posts |
Sustained $100+/oz. silver would make 40% JFK's a lot more popular than they are now. $14.79 melt value @ $100/oz. would be an easier price entry point than $36.17 for each 90% Half.
The same price entry level logic would also apply to 90% Silver Dimes.
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Pillar of the Community
Canada
3692 Posts |
40% coins are yucky. 90% and over only please. I'd be trading up for some gold or anything in the platinum family. Some 1964 Kennedys would see the melting pot, but only the worn out ones.
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Pillar of the Community
United States
663 Posts |
If silver were $100/oz, you probably wouldn't be trading it in for cash.....you'd be bartering it for food and water! LOL! But then again, who ever thought 50 years ago that gold would be as high as it is? Heck in 1951 it was only $34/oz and didn't break $100/oz until 1974!
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Pillar of the Community
 United States
964 Posts |
@Agrippa Yeah I know. If it hits $100/oz, hopefully the world isn't ending!! but if it gets to $1000/oz, then yes it is going to be Barter City!! Remember the movie Steve Martin was in, the Jerk? If the world is about to end I'll be like him while I'm walking out of the house. "I don't need anything except my gun.....I don't need anything except my gun and these bullets....I don't need anything except this gun, these bullets, and these silver coins...." 
Edited by Mr Click 05/21/2014 4:20 pm
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Valued Member
United States
174 Posts |
WILL it hit $100? Of course it will! Will that $100 buy you what it will buy you today... maybe, maybe not.
WHEN it hits $60, I sell everything made after 1950ish, which is about 1/2 of what I have. I hold the rest for the long haul.
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Pillar of the Community
 United States
964 Posts |
Boy was I waaaayyyy OFF! I should have said what will you do when it hits $13/ounce! 
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Pillar of the Community
 United States
5828 Posts |
Wow, I'll say! It has certainly come down enough where it's safe to say that within these next 10 years, silver will not rise above (or close to) $100 per ounce!
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Pillar of the Community
 United States
964 Posts |
 I like your Santa Lincoln! 
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Valued Member
United States
154 Posts |
One of my goals is to be able to stay stable in a downturn. If I lost my job, I'd be able to feed my family and pay the mortgage even in a bad economy.
If silver was $100/oz, that would be a VERY bad economy.
I'd sell the 40% first.
I'd definitely sell in small groups, because if silver went to that price, prices would fluctuate so much that you'd want to hold on to the PMs as long as you can.
I'd rather sell at $75 an ounce on the way down than $50 on the way up when it has a LOT more room to grow.
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Pillar of the Community
United States
1189 Posts |
If PMs ever skyrocket I'll likely sell most of my circulated coins that aren't part of a set. I'd still hold onto my uncirculated and slabs, I'd like to pass those down to my kids one day.
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Pillar of the Community
United States
858 Posts |
I'd sell some but agree, economically, with fistfulladirt
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Pillar of the Community
United States
5208 Posts |
If silver hits even $50 / ounce I am selling everything except the coins in my albums. Every duplicate is fair game for the smelter.
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Pillar of the Community
United States
937 Posts |
what silver I had was bought at $10 and I sold it at $33 when it was falling. When silver falls and stays below $13 for awhile I will consider buying again.
I do not think that it will hit $100 in my lifetime but one can never tell Sweeden my try to concour the world next year and everything will go to 'ell in a handbasket.
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