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 Replies: 18 / Views: 4,040 |
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Pillar of the Community
United States
932 Posts |
As you read this, it is the future of when I wrote this. Mind blow.
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Pillar of the Community
United States
1663 Posts |
No one knows. If anyone claims they know, treat them with suspicion.
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Pillar of the Community
United States
1812 Posts |
I have been holding my sisters late husbands Silver for the last few years in hopes the spot prices raise...
When speaking with her 2 days ago, she asked me if I could sell them for her at current spot price...
There is 10 @ 8 oz .999 Silver Rounds from the Washington Mint and 17 Silver Dollars, should be a total of 92.75 ounces...
If there is any interest, I will list them on CCF with photos...
My sister lives in Mass. & I live in New York...
I will check this thread for comments of interest and list requirements for safe sale, just not sure what catagory to list them in...
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Valued Member
Canada
312 Posts |
I'm wondering this too.....there's a 10 ounce bar I want to pull the trigger on and have been waiting for the normal big weekly dip thats been happening since at least this spring....about 2.5 weeks now and it's still going up.....hmmmmmm
Edited by Whitetail Junkie
10/17/2015 9:33 pm
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Pillar of the Community
United States
931 Posts |
The last time the ratio of silver to gold was at 74, Silver went up 420% in a big hurry. The average historical ratio is 16. For a LOT OF REASONS, I'm hoping it achieves its average again soon. Why is she in such a hurry to sell? Strong hands wait, weak hands sell. Most paper holders are weak hands. If she's holding physical she should think about trying a little patience, unless she's desperate. The silver dollars shouldn't be sold until someone checks them out. It's entirely possible that one of those silver dollars is worth more than 93 ounces. Are they silver dollars, as in Morgans or Peace dollars, or are the Silver Eagles? A Silver Eagle has the same Lady Liberty as on a Walking Liberty half dollar. If the dates are between 1878 and 1935 don't sell them until someone checks them out for You. Lots of people here would help value them without ripping her off. A gold and silver buyer would rip You off. That's why we're all here. To help each other. Edited by junior e
10/17/2015 11:32 pm
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Valued Member
Canada
312 Posts |
Great post Junior e.......I sense the good side of the force within you :)
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Pillar of the Community
United States
2661 Posts |
Just part of the ebb and flow of commodities trading. Nothing to see here, just move along...................Move along
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Pillar of the Community
United States
1812 Posts |
***junior e*** knows nothing about me or my Sister's current situation... Let's just say I have been in Numismatics for well over 40+ years & when I started advertising I was purchasing Gold & Silver Coins over 15 years ago, I was approached by a Detective requesting I remove my advertising or be subject to arrest due to NOT having a Precious Metals License on Display... Prior to receiving my Coin Business License that allowed me to purchase Gold & Silver, I had to pay for the luxury of being Fingerprinted at the Sheriff's Office & pass a Federal Background Check... When my Sister lost her husband, and I reviewed his holdings, the Morgan VAM experts here helped me ID some 45 Morgans (many in 63+ and about 7 cc's) that was certified by ANACS and I sold all 45 for $5,000 (knowing retail was well over said price, but was not willing to sell separately)... As for Quote:
"weak hands sell" --- Don't insult me... I made the first offer to my Brother (who purchased the 45 Morgans) and should he not be able to purchase the remaining silver in one lot, I will list it here.. |
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Pillar of the Community
United States
931 Posts |
I'm not insulting You, but if You sell when the price is low, You are a weak hand. Otherwise, You would wait. I have collected for 53 years. Do what You want. I could care less. Throw her money away.
If it was my Sister's silver, I would give ger $1500, the current market value, and then put her silver in my safe. If it goes up even 10 cents that another $930 in her pocket.. I would sell it when silver is higher, and I would surprise her with the extra money that was gained by waiting.
Silver has gone up $2 recently, so if You can't afford to spot her, at least You didn't sell in the basement. Good luck. I wish You well. Jesus Tap Dancin' Christ. I was trying to help.
Edited by junior e
10/20/2015 5:24 pm
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Valued Member
 United States
374 Posts |
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Valued Member
United States
374 Posts |
Wait; by looking at a 20 yrs price chart; my logic would suggest that silver is on the wane and a $1.00 dollar scare is nothing. In 2011, silver topped out at $47.25! And may I remind you that it was the height of that dern recession! So logic would suggest that since it was on a very steady $5.00 mark for about 13 years, we will see that day once again in maybe three years; maybe less.
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Pillar of the Community
United States
931 Posts |
Anything is possible with the crooks at the Comex, JP Morgan Chase, SpDR Gold "Trust". The whole thing is a shell game. We're still in a recession, and if they hadn't printed trillions of fake dollars out of thin air, the Dow would still be under 10,000, and if they computed unemployment in real life, " I don't get an Unemployment check anymore, so I no longet count as Unemployed. I don't have a job, and I don't get an Unemployment check. Now I'm on Welfare, and my family eats with food stamps and the food kitchen that the church so graciously provides. If You don't think that We're still in a recession, Your head is buried in the sand, and You believe everything that Obama says.
And when is the last time You heard Obama give a speech? Reagan used to talk to us every Saturday morning. Oblamma is doing just enough to earn his check, and he's already making plans to move into the mansion in Chicago that He didn't pay for. This country is halfway down the tubes, and there's no cap at the bottom.
Edited by junior e
10/20/2015 10:09 pm
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Pillar of the Community
 United States
5828 Posts |
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Pillar of the Community
Canada
3049 Posts |
Different people looking at historical charts will come up with different inferences with respect to future price points. The ONLY thing that will matter is the here and now.
When asked for free advice you so often get what you pay for. So it's best not to be insulted if it's not the answer you like or are looking for.
As for my opinion.... Do I think silver is on an upswing..... No I think it's stuck in a range and will have ebbs and flows within this range for a pretty long while. But that's me.
Another thing that was mentioned was the GSR (gold to silver ratio) which is exactly where my "nickname" is derived from.... Regardless of price of either commodity there a LOT of money/wealth that can be gained in swapping. It would be very wise if your into silver for long periods to know how to manipulate swaps for your gain.
My best advice for those that need to sell silver for money... Sell the silver get your money you need. My best advice for those that want to invest in silver..... Don't there's better places you can put your money to get better returns for the risk at this current time. I really can't make it any clearer than that
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Pillar of the Community
United States
931 Posts |
Most of the silver that I own is semi-numismatic. I just turned down $475 plus a 1998 Gold Quarter Eagle and a 2011 1/10th ounce Gold Eagle. That is bordering on $1000 for two ounces of silver. The reason that I turned it down? I think it's going higher. Most of my silver is like that, only more in the $50 range than the $900 range. The only plain bullion that ZI own are 100 ounce RCM Silver Bars. I enjoy the fancier bullion coins, so I really am not dependant on the artificial price of silver that the paper crooks are setting for us. |
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Posted 10/17/2015 8:34 pm
