Would it be gold or silver? We're talking bullion or coin with nothing much of a numismatic premium over metal content.
It would depend on why and how much is needed. Personally I would only sell one of my coins if I had exhausted all other avenues of obtaining some cash
I sold all my silver Bars/coins months ago, well almost still have a Silver PR70 Libertad and a collection of my Chinwoo,s. And theres a couple reasons why the first 1OZ of Gold is $2,000 1OZ of Silver is $25, I am leaving it all to my kids and grand kids so I think they would really have something with GOLD, Silver will buy you 3 big mack meals...LOL Secondly as others have said Silver takes up allot of room on the shelf...LOL
Well, I've always been on a budget. So, for me it would have to be some of the Silver coins. As I only have one Gold coin.
Did I miss the for sale ad? You had a few I would have liked to have. If I sold it would be a something someone else wanted more than I did. I've actually sold a few silver bars and one gold coin. All of them I'd like to have back but I didn't give them away.
I think you need to do an analysis of what you paid for what you have vs what the current price is and what you stand to profit on each. As example, my brother recently needed some quick cash and had both gold and silver to sell. At the current rates it was a given that he would take a bath (lose money) on the silver. But he'd come out ahead (nicely) over what he'd paid for the gold.
I'd rather host a garage sale or post classified adds on Craigslist for accumulated "stuff" that I don't really need than sell either gold or silver.
I think it depends on how much you need from the sale and what is the current mix you hold. If the question is just which will perform better, I would say silver in the short term but probably gold in the long term. I don't think storage or best rate of return matters in this scenario.
Silver if I just need a small amount of funds. Silver is a lot of work to get ready for me. Gold for a large amount because it's easy.
In today’s market I would be more inclined to put my gold and silver away and take out a loan at a bank.
That's an interesting point. In my hypothetical situation, I was imagining having gold and silver as your only liquid assets. But a loan would probably even be a better option. And as others have pointed out, anything else if possible. Like the garage sale idea, or listing any of your junk in the garage that might be someone else's treasure.
That's a good point too. I know I for one would come out ahead on a lot of silver. Gold is a mixed bag of older and newer purchases. Some of the newer ones would be hard to break even on selling to a dealer or paying ebay fees.
One just needs to think outside of the box if money is needed for something. I have had a few times that I considered selling some of my PM’s as I needed the money. I never did and I’m glad I didn’t. Somehow I always managed.