Posted 01/02/2020 3:28 pm
To predict the spot price of silver in ten years,
would be as about as reliable as predicting stock market averages ten years' time.
Instead,
sell your silver at any time in the future, when you really have an immediate need for the fiat cash that you will receive. Silver is still money, just like fiat money. For most of us, it has no other use.
I have about a kilo of scrap silver coins that were accumulated over time, as a result of collateral buying in numismatic auction job lots.
Effectively, silver accumulated in this way has come for free, because I have already made an profit out of the numismatic component of the auction lot.
I will sell the silver coins as a lot when I need to, and not according to whatever the silver market pricing happens to be at the time.
Buy on opportunity, (you will know exactly what the price is at the time), and sell according to your needs.
That way, you can forget about future market pricing.
would be as about as reliable as predicting stock market averages ten years' time.
Instead,
sell your silver at any time in the future, when you really have an immediate need for the fiat cash that you will receive. Silver is still money, just like fiat money. For most of us, it has no other use.
I have about a kilo of scrap silver coins that were accumulated over time, as a result of collateral buying in numismatic auction job lots.
Effectively, silver accumulated in this way has come for free, because I have already made an profit out of the numismatic component of the auction lot.
I will sell the silver coins as a lot when I need to, and not according to whatever the silver market pricing happens to be at the time.
Buy on opportunity, (you will know exactly what the price is at the time), and sell according to your needs.
That way, you can forget about future market pricing.
Edited by sel_69l
01/02/2020 3:48 pm
01/02/2020 3:48 pm
to the Community!
