| Author |
 Replies: 17 / Views: 3,472 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
533 Posts |
how small? I always buy junk silver
|
|
Moderator
 United States
56855 Posts |
If you are thinking about buying from Rxman1,he needs to rack up 49 more posts. Rxman, maybe try Craigs List but be very careful and only meet up in a very public place for the transaction. John1  |
|
Moderator
United States
189767 Posts |
Quote:
If you are thinking about buying from Rxman1,he needs to rack up 49 more posts. 249 more posts.  Buy/Sell/Trade Rules |
|
New Member
 United States
4 Posts |
It will probably be awhile before I sell my junk silver as I am waiting for something like the $300.00/oz. area to sell this silver so I just might have 249 posts under my belt at that time. I have been selling rare stamps on ebay for years and just wondered if there was a better alternative for the junk. I would be scared to meet someone from Craigs list unless it was a very unusual sure thing. My idea is to sell a roll of 40 quarters or maybe 2 rolls of 50 dimes at a time as the market goes up to levels that many people at this time would doubt possible. |
|
Bedrock of the Community
United States
25616 Posts |
Rxman, you'll be waiting for quite a while for junk silver to hit $300/oz.
Inordinately fascinated by bits of metal with strange markings and figures
|
|
Moderator
United States
56855 Posts |
Thanks jbuck,I can never remember what each post count is without looking it up and I was being lazy  . John1 |
|
Rest in Peace
United States
18456 Posts |
$300 an once ? Do you have a crystal ball ?  |
|
Pillar of the Community
United States
7293 Posts |
Only 248 more posts to go. But by the time Silver gets to $300 an ounce you'll have more posts than Rui...  Edited by hfjacinto
11/17/2022 8:28 pm
|
|
New Member
United States
4 Posts |
I am not talking about today's dollar but rather the value of a US dollar in the future when I say $300.00 per ounce.  |
|
Pillar of the Community
United States
4333 Posts |
Hello Rxman1, I've had luck selling small amounts of silver on Craigslist. I've sold everything from cars to pool ladders there. You can meet inside a bank or like I've been doing lately, at the police station, they often have a place that's monitored to do deals with the public. Afa silver @ $300? Wake me when it hits $30. This Rumpelstiltskin has been following silver prices since 1976, if we were to have $300 silver we're in a world of hurt, as that would mean probably $75 hamburger and $45 bread.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
533 Posts |
If you wait for the dollar to tank to sell silver you would be better off keeping it at that point. Lately silver isn't even keeping pace with inflation altough personally I think that will change over time.
Silver is at $21.44 at time of post to hit $300 it would need to go up 1,399% which would mean the dollar would need to drop the same, or the nflation rate over time would need to be 1,399%. The problem is what if when silver hits $300 the inflation rate was 1,500%? Then in today's dollars silver would have dropped and you would lose. Of course if inflation was only 1,200% the reverse would be true
Using round numbers a year ago silver was at $24.84 so it has dropped around 13.5%. At the same time the dollar is worth around 8% less so to just keep up with inflation silver would have needed to climb by 8%. It should be $26.82 just to keep pace so it is down closer to 20% in comparable dollars
The price of silver is subject to market forces, the purchasing value of the dollar is subject to inflation. In theory if I bought silver at $24.84 a year ago and sold at $26.00 today I would "lose" money as the purchasing value of the dollar is less.
|
|
Pillar of the Community
Canada
5404 Posts |
If silver ever reaches $300.00 per ounce USD , the world be in a very bad
place and you wouldn't be safe walking to the post office to ship it .
We would have a " Blood in the street's scenario "
Quite bluntly Silver at today's price of approx $21.50 is the same
Purchasing power of One dollar in 1935 . Look it up !
Silver is a lousy investment.
|
|
Pillar of the Community
United States
533 Posts |
silver isn't an investment but an inflation hedge
the idea is silver holds it's value relative to inflation (sometmes but over time generally) so unlike cash it doesn't lose value
if I put $10K in bills in an envelope in ten years pull it out to spend the purchasing power will be less than today, maybe a lot less if inflations stays high. In theory if I put $10K of silver away today in ten years it will have the identical purchasing power as it does today
in theory
|
|
Valued Member
United States
417 Posts |
@jaxenro has it right. If the time of $300 silver comes, the idea will NOT be that you cash out your silver for $300 and go spend it at Walmart at normal prices, it's more like there will not be confidence in the fiat currency at all, while people will accept hard silver in payment for goods. It's insurance against hyperinflation or other sort of grand-scale systemic meltdown where we revert to a barter system. |
|
Valued Member
United States
52 Posts |
Check out the reddit precious metals forum. Reddit also has a forum to sell metal.
|
|
Page 2 of 2
|
Replies: 17 / Views: 3,472 |
Page 2 of 2
|
First Page
Posted 11/17/2022 3:15 pm
