Personal Dilemma: Sell Silver For Engagement Ring V Pay Cash - Page 3

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Author	Replies: 37 / Views: 4,435	Page: of 3

Coin Chick Pillar of the Community Canada 1354 Posts	Posted 05/09/2013 3:25 pm I'm a little confused. From the original post I've interpreted that... 1. The amount of your stash = the ring cost 2. If silver prices come up,, your stash is worth $700 3. If you purchase now you delete 2 months of emergency funds... So... The engagement ring costs less than $700? And that you only need $350 a month to survive? I thought rings and cost of living were way higher than this... Edited by Coin Chick 05/09/2013 3:27 pm Report this Post to the Staff
Northerncoins Pillar of the Community Canada 2019 Posts	Posted 05/09/2013 4:03 pm Why don't you just make a ring out of a silver coin, if she really loved you then that will be enough, if not then maybe you need to rethink the engagement thingy. With a silver coin, some tools, and a little bit of time, you can skip the jewelry store and make a simple ring at home. http://www.wikihow.com/Make-a-Ring-...-Silver-Coin Report this Post to the Staff
allspice Pillar of the Community Canada 746 Posts	Posted 05/09/2013 4:47 pm Very cool, NC! And then make more rings and sell them on ebay, like this dude: http://www.ebay.com/itm/1912-S-BARB...em35c740c3fb Report this Post to the Staff
curtism1234 New Member United States 34 Posts	Posted 05/09/2013 5:25 pm Quote: I'm a little confused. From the original post I've interpreted that... 1. The amount of your stash = the ring cost 2. If silver prices come up,, your stash is worth $700 3. If you purchase now you delete 2 months of emergency funds... So... The engagement ring costs less than $700? And that you only need $350 a month to survive? I thought rings and cost of living were way higher than this... Sorry for any confusion. The current value of all this is about $3700 at the current $24 per ounce. The $700 I was referencing was an example of what would be the additional value should silver rise to around the $27ish per ounce. I was just estimating. The basic point being I could be losing out on money if it goes up short term...or I could lose money if it goes down. Just working through different examples Edited by curtism1234 05/09/2013 5:29 pm Report this Post to the Staff
Coin Chick Pillar of the Community Canada 1354 Posts	Posted 05/10/2013 10:14 am Lol. I thought I'd been getting ripped off these years with expensive jewelry and houses! I would personally sit on the silver. And spend the cash. Like others have said,,, it's awesome you've saved for unexpected happenings. I would wait for the silver prices to come up Report this Post to the Staff
stud722 Pillar of the Community United States 1088 Posts	Posted 05/13/2013 11:22 am I would pay with cash. Silver is bound to go back up in the future. You will not be able to find 90% for a while to add to your collection but you can work to add cash to your emergency fund. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 05/13/2013 11:48 am Quote: Silver is bound to go back up in the future. At some point yea, that some point very easily could be 30 years from now though. Its a huge misconception that its new value has been priced in the 30s and 40s because of the last couple years Report this Post to the Staff
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