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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Hi ho silver!

Hi ho silver!

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote last edited by jon-nyc
    #3

    Precious metals are picking up the dollar’s slack as a reserve currency. USD is now less than half of global currency reserves. First time in living memory.

    The whole reason we call them illegal aliens is because they’re subject to our laws.

    1 Reply Last reply
    • taiwan_girlT Online
      taiwan_girlT Online
      taiwan_girl
      wrote last edited by
      #4

      Gold is the same way, right? I think I read that it is now more than $5000.

      1 Reply Last reply
      • jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote last edited by
        #5

        Haven’t checked in a few days it hit 4888 when Europe was threatening to dump treasuries in response to Trump’s threats of violence over Greenland so I wouldn’t be surprised

        The whole reason we call them illegal aliens is because they’re subject to our laws.

        1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote last edited by
          #6

          Yeah it’s over 5k. Basically doubled since Trump took office.

          The whole reason we call them illegal aliens is because they’re subject to our laws.

          1 Reply Last reply
          • B Offline
            B Offline
            blondie
            wrote last edited by
            #7

            What a time to be downsizing and selling grandma’s flatware!

            Doctor PhibesD 1 Reply Last reply
            • B blondie

              What a time to be downsizing and selling grandma’s flatware!

              Doctor PhibesD Offline
              Doctor PhibesD Offline
              Doctor Phibes
              wrote last edited by
              #8

              @blondie said in Hi ho silver!:

              What a time to be downsizing and selling grandma’s flatware!

              If it goes up anymore than this I'm executing my long-planned heist on Fort Knox.

              I was only joking

              1 Reply Last reply
              • HoraceH Online
                HoraceH Online
                Horace
                wrote last edited by
                #9

                I know a guy who has 44000 ounces. He's been saying silver would go to 100 for years. Took longer than he thought.

                Education is extremely important.

                1 Reply Last reply
                • B Offline
                  B Offline
                  blondie
                  wrote last edited by
                  #10

                  Holy cow @horace .

                  1 Reply Last reply
                  • B Offline
                    B Offline
                    blondie
                    wrote last edited by
                    #11

                    I’m downsizing so I’ve stuff in auctions. Got rid of 4 8-12 place settings of various elders’ Sterling flatware over the last 10 years, some fancy, some plain. Some went to auction; the last 2 went for melt value. Never did I get more than $3750 for these flatware sets. Last night at auction 2 plain Jane 8 place setting sets of flatware sold for $7000 CAD each! One weighed in around 2380 gms, the other at 2195 gms (they exclude stainless bladed and lead filled knives from their estimates). I highly doubt any buyer will be using these to eat with. Now is the time to be raiding grandma’s drawers, weighing that stuff, finding a dealer & cashing in.

                    1 Reply Last reply
                    • HoraceH Online
                      HoraceH Online
                      Horace
                      wrote last edited by
                      #12

                      I think I have about 200 ounces, but I guess I'll keep it. Wish I'd have bought less gold and more silver back when I was into buying metals.

                      But silver could so easily crash. It's spiked like this before, only to fall back to historical normal levels.

                      Education is extremely important.

                      1 Reply Last reply
                      • B Offline
                        B Offline
                        blondie
                        wrote last edited by blondie
                        #13

                        I just don’t have the patience to save this stuff. I’ve seen how much time gets sucked through probate when silver or gold gets listed on an elder’s nventory.

                        Is there any one on this board who has an opinion on cash vs melt value for not so rare U.S. eagle dollars? I’ve delayed finding a coin dealer for 5 pretty ones (they could be uncirculated; are in sleeves) & 3 others because I have to travel to a sketchy part of town, but, … if melt value is close to their face value, I can easily find a silver dealer.

                        1 Reply Last reply
                        • HoraceH Online
                          HoraceH Online
                          Horace
                          wrote last edited by Horace
                          #14

                          Face value of a US silver eagle is technically $1, but I think I know what you mean. Like the value when the silver is in coin form. Vs the value of the pure silver. There would probably be at least a 5% difference, maybe 10.

                          I suggest finding a reputable and large online dealer and locking in a sale. You just make a call and the deal is finalized, then you ship them your coins and they wire you the money after they receive it.

                          Not sure if it makes sense for you to try to find an online place in Canada, but if US is ok, you could use SDBullion.com.

                          Education is extremely important.

                          1 Reply Last reply
                          • B Offline
                            B Offline
                            blondie
                            wrote last edited by
                            #15

                            Yes, @horace , you are right. Not face value.
                            I’m pretty sure these are late 1960s early 1970s dollars. My godfather gave them to me as a kid and he had a bank in Montana. One is a different side facing eagle. I should look them up, weigh them, see what the purity is with these things.

                            1 Reply Last reply
                            • HoraceH Online
                              HoraceH Online
                              Horace
                              wrote last edited by
                              #16

                              @blondie Those wouldn't be Eagles then, since they didn't exist in the 60s or 70s. Yeah you should look them up and check their purity.

                              Education is extremely important.

                              1 Reply Last reply
                              • B Offline
                                B Offline
                                blondie
                                wrote last edited by
                                #17

                                Hmmm. I’ll do this. I need to find the right person to sell to.

                                1 Reply Last reply
                                • KlausK Online
                                  KlausK Online
                                  Klaus
                                  wrote last edited by
                                  #18

                                  I bought some gold a couple of years ago when an ounce was well below $2000. I wish I had bought more.

                                  1 Reply Last reply
                                  • jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote last edited by
                                    #19

                                    I bought a bunch under 2k also. I have sold some. Maybe I have 135oz left or something like that.

                                    The whole reason we call them illegal aliens is because they’re subject to our laws.

                                    1 Reply Last reply
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