As Silver Prices Continue To Climb... - Page 2

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Author	Replies: 23 / Views: 4,032	Page: of 2

glenmorenee Valued Member United States 314 Posts	Posted 07/28/2020 1:39 pm Quote: I found that the cash for gold places weren't interested in selling to the public. Meaning they were not too interested in selling at a price level that most of us would be interested in? That fits their business model. Buy from uninformed sellers and sell to uninformed buyers. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 07/28/2020 2:06 pm Quote: Meaning they were not too interested in selling at a price level that most of us would be interested in? I was well prepared to pay over spot. They had no interest in negotiating. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
1cent Pillar of the Community Canada 1051 Posts	Posted 08/01/2020 3:35 pm Lots of stuff has (and will continue to) hit the melting pot. I've talked to a dealer that sent thousands of still-sealed silver Canadian PL/uncirculated sets out to be melted down. I also got a peek into a dealers gold scrap bin, and there is some very nice jewelry being sent off for melt at these prices. Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 08/02/2020 9:01 pm Quote: I found that the cash for gold places weren't interested in selling to the public. This was exactly my experience at 75% of the cash for gold establishments I stopped at back during the last big run up and then crash. Only a few were interested in selling to the public. Part of it was I don't think they wanted to be cherrypicked and also the staff they had in these types of stores most of the time didn't have much knowledge of anything they were selling. They needed to call "their coin guy" to price stuff that wasn't junk silver or commonly seen rounds/bars. Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 08/03/2020 07:34 am Quote: I also got a peek into a dealers gold scrap bin, and there is some very nice jewelry being sent off for melt at these prices. Sometimes I wonder if the smelters themselves cherry pick all the Gold and Silver they get before it goes into the pot . Report this Post to the Staff
jskirwin Pillar of the Community United States 616 Posts	Posted 08/03/2020 10:43 am The run in prices has made me face an inconvenient truth: I'm not a precious metals investor, I'm a hoarder. All I do is buy: I never sell, and when the prices rise it just means I do less buying. I think it's a disease. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 08/04/2020 5:08 pm Quote: The run in prices has made me face an inconvenient truth: I'm not a precious metals investor, I'm a hoarder. All I do is buy: I never sell, and when the prices rise it just means I do less buying. I think it's a disease. I hear ya! I've invested thousands upon thousands of dollars in health, auto and homeowner's insurance (not to mention life ins. lol) with not a single claim made in 20 years, but when you look at a PM stack, feel all warm and fuzzy! When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
ryurazu Pillar of the Community Australia 1333 Posts	Posted 08/06/2020 03:04 am i think many of the people who hold silver morgan's arent going to let them go for cheap that first second. Melting will depend on what the premium silver fall to not go up by cause the higher the premium the less you going to melt these coins down you more likely to keep them. numismatic coins will depend on market more supply then a fall in price more demand then prices go up and vice versa. What I want to know is what happened to the premiums of the newly minted and the older minted stuff premiums and how they changed when prices spiked up and when they inevitably went down? (old timers hope I'm not being rude) Edited by ryurazu 08/06/2020 03:11 am Report this Post to the Staff
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