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<p>[QUOTE="omahaorange, post: 1748617, member: 28199"]Just because we don't agree doesn't mean you were in trouble. You asked for and you got some pretty good advice. You need to understand you are not a retailer, and can't expect private buyers such as us to pay the premium to a private seller. Same with trying to recoup the difference between what you paid and the current spot price. First rule is not to buy PM with income that can/should be used elsewhere, including cash in a savings account. This way emergencies can be taken care of without trying to liquidate assets while trying to break even/profit from those assets. My personal philosophy on buying silver is that it is a savings account separate from all other forms of saving. I only buy government issued silver (ASE, Maple Leaf, etc). At the present time I have no intention of doing anything with these coins. But when they go to my granddaughter, she can make some money off the sale. Keeping in mind that no matter what the spot price of silver is at that time, any money she gets from the sale is pure profit for her. Why? Because she has nothing invested in the asset. If I have to sell because I'm in a plight similar to what you claim, then I'm looking for quick cash, not maximization of profit. I never considered my silver purchases as an investment, hedge, or doomsday stash. They are merely another way of saving for someone else's future.</p><p> </p><p>Nothing turns me off more than when someone says "I can get this much on eBay, so that's my price". I have even seen people print eBay auctions as "proof" of their item's value. My response is always, "then put it on eBay, and good luck". While eBay completed auctions is a good reference point, like the Red Book it is not the Bible of pricing.</p><p> </p><p>While I sympathize with your plight, as a stranger reading your "ad" I am immediately presented with the image of the deposed Nigerian prince who has my lottery winnings. If you need to sell, sell local to somebody who will make you a fair offer. If you can, keep them until spot rises to a level when you can break even or realize a profit.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1748617, member: 28199"]Just because we don't agree doesn't mean you were in trouble. You asked for and you got some pretty good advice. You need to understand you are not a retailer, and can't expect private buyers such as us to pay the premium to a private seller. Same with trying to recoup the difference between what you paid and the current spot price. First rule is not to buy PM with income that can/should be used elsewhere, including cash in a savings account. This way emergencies can be taken care of without trying to liquidate assets while trying to break even/profit from those assets. My personal philosophy on buying silver is that it is a savings account separate from all other forms of saving. I only buy government issued silver (ASE, Maple Leaf, etc). At the present time I have no intention of doing anything with these coins. But when they go to my granddaughter, she can make some money off the sale. Keeping in mind that no matter what the spot price of silver is at that time, any money she gets from the sale is pure profit for her. Why? Because she has nothing invested in the asset. If I have to sell because I'm in a plight similar to what you claim, then I'm looking for quick cash, not maximization of profit. I never considered my silver purchases as an investment, hedge, or doomsday stash. They are merely another way of saving for someone else's future. Nothing turns me off more than when someone says "I can get this much on eBay, so that's my price". I have even seen people print eBay auctions as "proof" of their item's value. My response is always, "then put it on eBay, and good luck". While eBay completed auctions is a good reference point, like the Red Book it is not the Bible of pricing. While I sympathize with your plight, as a stranger reading your "ad" I am immediately presented with the image of the deposed Nigerian prince who has my lottery winnings. If you need to sell, sell local to somebody who will make you a fair offer. If you can, keep them until spot rises to a level when you can break even or realize a profit.[/QUOTE]
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