Discussion in 'Bullion Investing' started by alucard86, Mar 7, 2019.
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You can sell scrap high, and buy bullion high.
Or, you can sell scrap low and buy bullion low.
It's worth more then scrap to someone else.
I'm with the sell now and buy now at the same prices is just trading one for the other.
I'd had silver from when it was under 10 an ounce to over 50 and I'm still holding it. Guess it depends on your needs today versus holding on to them. Paper is soon to be worthless anyway so perhaps it's all for not regardless.
If you have repairable jewelry pieces then hold them out and do something with them yourself.
As its anybodys guess on where silver is heading...
Is your local guy going to trade straight up spot for spot???
By the way how did you do on those bars ??
I'd like to see a picture of what he considers scrap.
Here is 46 grams that I'll add to my 500+ grams, mostly useable pieces of 925 silver.
My local G&S store pays spot (-25%.)
As for the old pour high loaf silver, I put one on ebay at $600 and in less then 15 minutes had an offer for $450.
I countered at $550 (because its such a rare and nicely formed bar.
Looks like your in the game at that price
Like beans and rice or money?
I have a little bit of scrap....most of it is usable jewlery but spot is going to have to double up before I take the time to cash in.
That being said, I had 2 pieces checked out the other day and both were junk (even though the bracelet was marked 14K)
I figured as much but it gave me an excuse to see what IF ANYTHING was new in the shop.
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