If anyone looked at the price of silver lately that tanked too. I got 15 pounds of it i was gonna get rid of for like $4k. to help pay my girlfriends car off. now i'd be lucky to get half that.
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If anyone looked at the price of silver lately that tanked too. I got 15 pounds of it i was gonna get rid of for like $4k. to help pay my girlfriends car off. now i'd be lucky to get half that.
Metal Recycling Entrepreneur
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Fifteen pounds is quite a lot.Originally Posted by ScrapmanIndustries
Regardless, this probably isn't the time to sell. Be patient. Ewasted was right. Gold is on a run right now. My guess would be that silver won't be too far behind. It's a good hedge against currency inflation.
Maybe check out the ten year historical charts at Kitco ? That could give you a rough idea of what it might possibly increase to per ounce.
Wait on paying off the loan if you possibly can. Pay them back with inflated/devalued/debased dollars. The two trillion the fed recently created is going to devalue the heck out of the currency.
Last edited by hills; 04-09-2020 at 03:23 PM.
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Physical silver? Dang... I bet you could get pretty close. There's a HUGE premium right now for physical silver. There are simply no sellers right now.
That's too big a dollar figure for me to deal with the unknowns/shipping/sight unseen/ etc but if you were in Dallas area, I'd be PMing you to meet right now!!!
Out of clutter, find simplicity. --Albert Einstein
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thank you all for the advice. I'd rather not sell it if prices are low. but the jewelry shops ya'll mentioned might be something to look into. Its actually a 15 pound (as weighed out on the copper scale so +or- a pound or so) bar with 99.9Ag on it. I saw prices used to be up in the high $40/once range back a few years ago. that would have been sweet to turn this thing in then. I could probably buy land and open up my own shop if I had that kinda money. As for now I guess I'll just try and get enough welding jobs and hope I can save up enough to pay back the loan before the lender defaults it.
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I am a member of the Kitco board and I have seen a post there of someone selling on CL or FB and asking $17 and getting buyers. If you do decide to do this, I would sell in bite sized chunks someplace safe. I have heard there are huge premiums at coin shops which is basically the same as selling the silver at a higher price.
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