Any thoughts

Horrible economy

Nothing changes in value except paper money.
Before we went off the gold standard in 1973, gold was about 375 an ounce, now it’s 2400. That shows what the value of the dollar has done.

In case you haven't been paying attention, or country is failing. FJB

If we were still on the gold standard it would have to be 500k per ounce or the economy would have a currency shortage.

Because the guy in the commercials with blue glasses said it’s gonna be a big run.

He’s been saying it for 10 years though.

That is a compounded annual return of 3.8%, what the inflation rate has been over the last 50 years.

Supply and demand. It's an industrial metal and also a commodity people can buy and hold in their safe during unsure times. Increase in both of those areas lately.

People are buying it

NORML called it right. FJB and Congress have looted the country with the build back better scams.

The spread between gold and silver is out of wack. Silver is playing catch-up.

I'm guessing the Hunt brothers redux??

Never forget Bunker’s quote when a congressman asked him how it felt to lose a billion dollars during that….”Well, a billion dollars ain’t what it used to be.

And, brother Herbert Hunt passed away this week at 95.

Preserve wealth....Some people think Israel and Iran are about to get the world into WW3.

Aggressive silver buying by China is one of several reasons.

Trump hinted at that today at his press conference

Look at price of $500 and $1000 dollar bills the last 5 years they have almost tripled

How many times does Israel have to whoop Iran before they get the message?

What to do with it?

I’m 81 yoa and bought my first blue Whitman folder when I was about 13 yoa. Now have a bunch of them. With the exception of extremely rare penny’s, etc, they are full. Also have an awful lot of dime and quarter rolls. Never bought a coin.

Being debt free, I don’t need money. Selling them won’t change my lifestyle. I have a safe full of guns and way too many rods, reels, and tackle boxes.

I still look at my change and finding a keeper is a rarity.

What to do with it?.....I got several hundred dollars face value of silver. My daughter has her eye on it. She also told me to buy Bitcoin years ago. I wish I had listened.

What to do with it?.....I got several hundred dollars face value of silver. My daughter has her eye on it. She also told me to buy Bitcoin years ago. I wish I had listened.

What to do with it?.....I got several hundred dollars face value of silver. My daughter has her eye on it. She also told me to buy Bitcoin years ago. I wish I had listened.[/quote]


If you have any Franklin halves you want to sell please let me know

I have some silver that can explode….

Silver down .56 per ounce today

Norml, that guy says it all. How can anybody vote for this kind of crap.

Silver down $1.47 per ounce today

Silver $32

I would sell it all at those prices.

A recently widowed friend of my wife's got talked into buying $20k worth of 10oz silver bars a few months ago when silver was priced around $26.00 an oz. Based on the lack luster history of silver I told the wife that was a terrible idea.

Boy do I have egg on my face now.

It’s just getting started in my opinion.

Silver is more of a very longterm investment. Mine has done very well. Plus there is no taxes paid on they buy and sell.

You want to talk about dumb? Years ago I was in charge of precious metals for a global corporation. Silver, Platinum, Palladium, and gold. It was all for use in catalytic processes, so we’d have the catalyst made with our metals. When they finally became deactivated (lost their catalytic properties), we’d send it to be reclaimed - the metals - but there was some degree of loss and consumption. I’d have to buy or lease more Troy ounces of the specific metals to have enough for the next run of catalyst. You can imagine that, after years of this, the loss of the metals, particularly Silver, added up to a lot of Troy ounces. Management was not aware of the huge silver deficit until I brought it to their attention, and I suggested that we buy Silver at that time because it was historically cheap, at about $7 per TO. They agreed, so I bought it. But I, your local friendly DA, didn’t think to buy any for myself. I’m still mentally kicking myself.

Silver isn't gaining value, the dollar is simply losing value against itself and investors are looking to buy an asset that holds value. Add in the supply and demand factor now that buyers are looking for silver and the prices climb more than they otherwise would.

I still have bags of junk silver that I bought from Ruff Co with my paper route money in the 80s and have been buying silver since the first time that I had discretionary money in my hands to spend. My uncle got me into it by giving me a few silver dollars and then my hoarding nature kicked in. If memory serves me correctly I have silver that I paid less than $3 an ounce for.

I should sell but I just can't do it. I've never sold before. I've been buying for 20 years here and there. I'm sure I could sell now Makena good profit and rebuild more when the price drops again but I can't make myself do it, lol.

So, who could this stuff be sold to and how to price it.? As I said, I have a lot of rolls of silver dimes and quarters, all unsearched so obviously ungraded.

I still check my change but haven’t found anything interesting in a long time. Whitman folders and rolls aren’t doing anything for me.

You can look to see what the same items are selling for at online companies like Apmex and JM Bullion to get an idea of current retail value. Sell on forums like the THF at that price or a little less until it is a good enough deal that it is worth buyers to get it from you instead of directly from one of those companies. Or maybe even ask a little more if trying to sell unsearched stuff to a numismatic collector. And of course graded stuff should be compared to current graded stuff prices. Or you can sell to one of those companies at their buy price for a no hassle sell, but it will be below spot. When I buy silver coins and rounds from an individual, I personally will not buy at more than spot. But at the current price I am not stacking more silver right now and probably should sell mine too.

Yeah, if my memory is right, he said gold would outperform stocks, and silver would outperform gold.

He says that every year, but so far for 2024, he was right.

I guess the jewelry business is booming?