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 Replies: 28 / Views: 3,731 |
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Pillar of the Community
United States
4333 Posts |
Halfwitty, we had an economic crash in the old west? A handfull of silver will be worthless when McDonald's and Taco Bell have closed their doors. What good will my silver be to my neighbor when he's starving and has the only chicken around for miles?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
6326 Posts |
I bought hundreds of dollars worth of Silver Franklins, Walking Liberty halves, Washington Qtrs, and '64 Kennedy halves a couple few months back. I offered 9x face value for all, and he accepted. We were both happy. (he sold the rest to a coin shop). And remember.....if "times" get bad..... you can't eat Silver. It's waaaaayyyyy too hard on the digestion ! .....  And likely as not, in those kinds of dark days..... thieves will take your "life", your "chicken" AND your "Silver" anyway !......  The "value" of bartering will have nothing whatsoever to do with Silver and Gold.....it will be dealt in "food"...ie..."chickens", cattle, pigs, sheep, vegetables, etc.......again....you can't eat money....and it would be worthless in that kind of situation !  Edited by eaglefoot
03/22/2010 08:34 am
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Pillar of the Community
United States
3294 Posts |
If people are seriously selling silver at 10x, I would love to buy $30 face from them. Me, I can find anything at less then 12x.
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Valued Member
United States
487 Posts |
I pay 11 X face and don't find much so if you can get it at 10X buy it and send it to me for an instant 10% return on investment.
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Pillar of the Community
United States
1409 Posts |
I have sold consistenly at 12-13.5x face on ebay over the past 60 days. A little over $1000 in sales in 2010. 95% of what I sold came from roll/bag searching, so it was pretty much all profit. I'd buy at 10x if I found it there though. I think its a great price for you. Eaglefoot - in reference to the thieves taking my chicken and my silver - that is why I fully support and abide by the 2nd Amendment. I'm not a fanatic, with 40 guns stashed all over the house, but can and will protect my family and my property. |
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Pillar of the Community
United States
6326 Posts |
Quote:
Eaglefoot - in reference to the thieves taking my chicken and my silver - that is why I fully support and abide by the 2nd Amendment. I'm not a fanatic, with 40 guns stashed all over the house, but can and will protect my family and my property.
I wholeheartedly agree with you about that....ME TOO ! ... ....but what do we do when we've run out of ammunition ! ....? ...  And/Or the "thieves" are better armed and more numerous than WE ARE ! ...  Each bullet would be very precious......and eventually gone.....and it might take 150 chickens and 5 cows to buy EIGHT BULLETS ! ....  Just food for thought...... no pun intended ! .... ....   Let's just hope we never see days as dark as those though ! .... Edited by eaglefoot
03/22/2010 4:24 pm
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Pillar of the Community
United States
1409 Posts |
LOL - no kidding! Good reminder to vote this November.
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Pillar of the Community
United States
863 Posts |
So I just thought it would be interesting to see some of the old posts regarding silver prices and junk silver. Wouldn't we all love to be able to buy silver at 10 x face value :D
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Pillar of the Community
1283 Posts |
I would be nice to buy at 10X's. I got some junk last week from a guy at 15X's and I thought that was cool, even if it was only $10 face.
I just can't believe it wasn't a year ago I had people around here buying at 30X's
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Pillar of the Community
United States
808 Posts |
Heh! Hard to imagine buying at 10x these days. We'll see some good price breaks in the future, but I don't think I'm going to wait around for 10x or even prices in the low teens.
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Pillar of the Community
United States
4008 Posts |
Quote:
We'll see some good price breaks in the future, but I don't think I'm going to wait around for 10x or even prices in the low teens. No, me neither. But as a person who likes to dollar cost average into PMs, I WILL be buying regularly and will be getting some at the lower prices from time to time. Never fret over whether you are buying at a temporary market bottom. Doing that can lead to a buyers' paralysis and a very small PM stash. In the long run, ounces are likely to be a lot more important than the fiat price we paid. |
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Pillar of the Community
United States
863 Posts |
YUP. its all a long term game. especially in this day and age. we use our resources so much faster that the generations before us and the prices of things change so fast.
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Pillar of the Community
United States
3184 Posts |
would be awesome to buy at 10x again!!
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Pillar of the Community
United States
3294 Posts |
it will get back there at some point I suspect.
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Pillar of the Community
United States
4008 Posts |
I'd like that too, Nod, but am struggling to find ANY action by our fearless leaders that will strengthen the US dollar enough to make this even remotely possible.
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First Page
Posted 03/22/2010 08:28 am
