Silver getting crushed today

Well what's the Rest Of The Story?
100 ounce in what shape, type and sizes?
At what price?
Details Man

 

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He made him pay HIM to take it off his hands.

 

But, but, but, but why were you trying to sell in a down market? That doesn't sound very guru-ish.

 

Didn’t pick up any bar, rounds nor ASE. But I did buy the 2018 1x silver proof set and 2x reverse silver proof sets

@abuckmaster147 @LA_Geezer

 

Which brings up a point. What exactly is this reverse silver stuff, anyway?

 

If you scrap off the thin silver plating it’s solid platinum underneath. But don’t tell anyone. I think they do it with smoke and mirrors- of which mirrors are made of silver and arsenic.

 

Nope. I traded most of it for gold and kept the rest. They were 10 oz bars and silver Maples. Trading it worked out better that way, anyway, since both gold and silver have decreased in tandem.

 

Maybe you mis-saw the question I posted. Here it is again:

"But, but, but, but why were you trying to sell in a down market? That doesn't sound very guru-ish."

 

@V. Kurt Bellman

If you thought it was hot and humid when you visited, come down here now. Humidity along with 112 to 115 degree heat index. Sheesh!

As a bonus, my AC took a 24 hour vacation when the fan motor decided to conk out Sunday.

 

wow, it's going the other way today? Surprised ??

SILVER


GOLD


PLATINUM



@abuckmaster147 @LA_Geezer

 

I think you misunderstood. I never said I was intending to sell. I said they wouldn't buy 100 oz of silver. I traded because it made the most sense, anyway. It's been my intention for some time to move away from silver and toward gold, so trading one for the other made far more sense than selling and getting cash.

 

Perhaps your mis-remembering?

"I tried to sell about a hundred ounces of silver today and the shop actually refused."

"I tried to sell," sounds like intent to me.

 

busted..

 

When acquiring a piece of bullion at a coin shop, I'd advise you to first ask how much it is. Then only after have you determined their asking price should you attempt to trade or sell your pm. By doing it in this order and then getting both a buy price and trade price can you get the best deal on the bullion coin.

In this case, finding the gold Maple was $1250 and my 100 oz would not be purchased but that I would receive $1545 in trade for my silver, it made the most sense to trade all my maples plus a ten ounce bar for the Gold Maple. 82 ounces of silver for 1 ounce of gold.

 

Really? Before buying bullion I should ask how much it is? Wow, that is so profound. Try again privy. Tell us why the man who presumes to lecture everyone else on personal finance was trying to sell bullion into a falling market?

 

all I know is that i have to save some canadian gold maples sewn into my pants for when they invade ...

 

When one is selling or trading to a coin shop, one should find out the shop's selling price of the item they might trade for. That way, they will know BEFORE they offer their items to the shop that the shop won't give a different selling price due to the items you might trade.

For example, you should find out that the gold Maple you want is $1250 before you offer your silver for sale or trade to the shop. Then, when they offer you $15.50 per silver Maple, you are better equipped to make the best deal possible when you trade.

Does that make sense? Of course you should ask the price before buying. My point is you should also ask how much something is before you even reveal what you might sell or trade to them.

 

we know that. everyone's just doggin' you. I think.

 

You sound like a strong believer in stating the obvious. And recycling.