Trust in that not all folks are fair. I had a jewelry/coin shop locally tell me a gold bracelet with charms was worth only about 150 bucks. Said the charms were fake (they were not) and way off on price of gold. Turns out I got a thousand for that same bracelt from a more "honest" dealer. I think that's what the poster meant.
Go get several quotes. Then several more and watch the wild swings from the 'honest' people giving those quotes. It's like trying to find an honest car mechanic. Not many exist.
That's not "trust". It's a matter of knowing what you've got and knowing what you're willing to take for it. Semantics I guess.
Glad the gold offers at the June coin show were too lowball for me to accept. I'd feel like even more of a sucker now if I'd let a double eagle go for $1200 or so. (The best offers I got were still below melt.) Wonder what the action's like at shows now? Are dealers dragging their feet, offering well below melt in fear that this is just a transient spike, or are they making stronger offers anticipating higher prices to come?
I have no doubt it is a transient spike, but no one knows how long (2-3 days) or (1-2years), although I suspect a few weeks. Make money on uncertainty and volatility. I am leaning to use options with GDX and watch the VIX. Physical buying and selling is far too risky at this point IMO, but most will ignore or disagree, and that is OK Jim
I'm not interested in making any big "moves." Moments like this give me an opportunity to clear out some silver that I don't really care for or believe I overpaid for at the time. Now is the time to break even on what you don't like and make a little cash on the things you can. That could mean selling anywhere from 5-50 ounces of silver.
I'm not selling anything. My gut tells me to buy silver as it came to life but is still under $20. Of course I could be a fool but this is all like playing poker anyway. Good luck to all your strategies!
What we should be saying is "buy, buy, buy" because only if other people are buying will dealers be willing to buy everything offered to them.
The unfortunate reality is most coin shops have regular 9-5 business hours, and most people work regular 9-5 hours, so it's hard to get to the shops during the week. It also means leaving your silver or gold in your car if you are going to go at lunch or after work. Not many coin shops are open on the weekends, and those that are get swamped for the reasons mentioned of weekday hassles. So I guess I won't sell because I don't want to leave silver in my car.
For people such as myself selling PMs means finding something to buy with the proceeds (or sitting on cash that loses value daily). We really don’t need or want anything at this time, so will not be selling, regardless of where the price goes.