Selling PM, where to start.

With this student loan BS this shows they are capable of anything. Maybe next they will take 10% of our retirement for loosers that couch surfed their entire lives, spent time in prison, made them selves unemployable because of stupid choices.

 

I think there's a strong chance of this. Never would have thought they would hand money to people for poor life decisions, so the chances that they will use responsibles people's savings to pay for d-bags is increasing.

 

Moral of the story is ... if they are handing out your money to others, see how you can get it back or at least get a cut of what you put in.

There is no way I'm going to be getting back what I put into Social Security ... Not even including the idea that my 'Contributions' fully paid for my grandparents and parents SS payments. And that's not even my regular taxes that got sent to any of a number of foreign countries for their 'Support and security'

If they are handing out money ... imma try to figure out how to get it.
Their game, their rules .. my money.

 

What do you mean the changes are increasing, technically they already did. Inflation has already stolen at least 10% of our cash savings in the last 2 years.

 

that is only if you intend to spend your cash on consumable goods. If however, you have cash, and you buy a physical asset as that assets' price gets hammered like people offloading"
Their summer cottage in the northwoods at a 50 percent discount due to a margin call.
A 28 foot laker rig with trailer, down riggers, radar and such because they can't afford the gas and you get it for 33 percent pre-pandemic pricing.
How about buying up a lawn service business lock stock and barrel including customers for like 2 months sales receipts.
Fire sale on land parcels you say?

If you have not spent your money, it does not necessarily mean you've lost money due to inflation ... it all depends on what you intend to spend the money on.

Distressed assets .. you may actually be making money on the transaction.

 

I bought a hundred coins for about $2,532, that's shipped, insuranced, with sales tax and signature delivery.
So I'm up around $10 an ounce.
Now that it appears ebay is requiring 1099 bullshit my plan will be sell less than $1,200 to $2,400 a year on ebay depending on how many different accounts I can pull off.
And sell the rest at gun shows.

The stupid democrats are setting us up for another sub prime mortgage melt down. Now banks are offering no down payment home loans to minorities who aren't Asian or native Americans. But home prices were just at an all time high in july, wages have been going down and interest rates going up. This is absolutely designed to fail.
Not immediately, maybe 5 years or so from now.

 

Well 2.5 years later and I bought back most of what I sold. No regrets at all. The whole grand total was right around $35 an ounce cleared. Both it back for 24 to $26.
Meaning I sold 3oz and brought back about 4oz. Yah that's making money.
Before I probably had silver from 2 dozen mints, probably sold nearly 200 different products of all shapes and sizes. Some things I only had 1 of, others I had over a 100 of. It was much easier to sell the products I had lots of.
I had so many different things it was hard to even get an idea what it's worth at any given time.
I replaced all that chaos with 2 sizes, ones and fives, from 3 different mints, 4 different products total.
I haven't bought any shot or tens or kilos. All the good deals have been on ones and fives lately. Singles are usually the same price or cheaper per ounce than tens.

New idea for off loading silver.
When I was buying the last few weeks there was a silver "coin collection" being advertised at one of the auction houses. Nothing rare or unusual. Just stuff the big online coin and bullion retailers would have sold over the last 5 to 15 years. Definitely preplandemic. Pressed 1oz bars and coins, poured and pressed fives and tens, no bricks, no apparently rare or historical looking stuff. They weren't selling Roman coins or nazi bullion or anything like that.
I went there 90% sure I wasn't even going to bid and 99% sure I wasn't going to win.
I didn't bid, therefore I didn't win, just wanted to watch.
The lots went for about $8 an ounce over spot. Definitely enough to get my attention. I could potentially off load a lot of silver really quickly with minimum leg work and the math would be easy to figure out.
That's a few weeks ago when silver was down, between $20 and $21 an ounce. All the big sellers are/were doing no minimums, free shipping and if you buy enough you can get in under $4 an ounce over spot most places.
I'll have to see if I can catch a consignment auction next time the price is kind of high, only like high 20s for the spot price. Put down about 30 pieces of rando silver left over from the big sell off and see what happens, just as an experiment. I'll make sure I'm there so if someone is going to get it at or near spot that person is me and I'm out the auction fees.

I think it's old people spending their retirement checks.
An M1 garand sold for $1,000. If I was going to buy it I would have been replacing at minimum the barrel and at least refinishing if not replacing stock. It was basically a parts kit that was still "a firearm" with a shitty stock... IMO it was a $400 to $500 gun.
A Chinese sks they used to sell for $90 in the 1990s, $600.
A universal M1 carbine with a couple mags, $800.

 

I called a local auction house that does "show case items" like silver. They get 20% off the top. Like they're the big guy or something.
Looking like the best bet is gunshows, coin shows maybe ebay.
Ebay takes 10% off the top, but you'll get the best sale price.

 

Sure wish I had bought more silver at $35 to $40 an ounce.

 

Don't worry, you'll get your chance again when the parabolic move reverses.

 

Don't by now. $80 an ounce is insane. I'm about to scrape together the last 100 ounces or so that I'd be willing to part with and send it off. I'm still keep my pre1931 and 30 to 50 year old engelhard and JM bars.
I was selling silver I had bought for between $12 and $25 an ounce when I could get $30 to $45 for it. I bought back in around $25, that's $25 after taxes and shipped.
I'm glad I didn't buy any at over $30 an ounce.
Cycling my silver grew it by at least 30% and organized it, reducing hundreds of different items to more like a dozen. I had probably about 20 different mints in every size you can think of. When I bought back in I had 4 different mints in 3 different sizes. I bought back in with the sales proceeds and added a more on top of that.
Now if silver can go back down around $30 an ounce I can double what I had. If I do that it will have to be delivered by brinks truck.
If I had never sold anything I would have a fraction of what I did.
It all started with palladium in 2008 that I made 5x my money.
If I didn't have my stupid cont exwife that would spend all my money like it was EBT money from 2000 to 2007 I would probably enriching uranium by now.

 

You think that the Chinese are going to let silver go back to $30 or $40 an ounce? That would be like the Saudis letting oil go back to $25 a barrel. The Chinese are in the driver's seat with rare earths, gold and silver, being major producers, refiners and physical holders of those resources. The only reason that China would want prices to go down would be to hurt the West, by reducing production and destroying economies.

 

As Preppers, we need to realize that the current high prices of gold and silver might not translate into a higher value of PMs in or after a SHTF situation. Prices are being driven up by industrial demand for silver, which will disappear after SHTF. I believe that post-SHTF gold and silver will be the means to get trade going again, but it will take a little while for that to happen. So, if you buy silver at current prices, you might find that it will only trade at $50 per ounce after SHTF.
I recall reading a short story or book about a worldwide pandemic that killed off 90% of the population. One character was scrounging for gold, silver, gems, etc., and was bragging to another guy about how "rich" he was. The other guy remarked that with the reduced population there were tons of gold and silver for every man, woman, and child on the planet, and that it might be centuries before it became rare and valuable again. They agreed to scrounge for food, seeds, tools, materials, clothing, footwear, weapons, etc. and to store it away for future use.

 

If it only gets down to $50 I still win.
..

 

It's not worth the $60 to $70 an ounce I can get for it right now. That's why I'm selling it. I'm waiting for something else to crash out. Who knows it could be platinum, rhodium or palladium. Those 3 have been good to me.

 

Better hold on, the government is about to confiscate all silver just as they did in the 1930s.
Governments around the world are hoarding silver because it is valued in production. with the US raising the value others are panicking. It is estimated to go up to $265. by the end of the year.

 

Kind of hard to confiscate it if half of it is consumed in manufacturing.
Yeah there is a record of the purchase of a 100 ounce bar .. but the dude/dudette is a jeweler. It's in rings and crafty artsy things.
Juice is not worth the squeeze.

 

Then good thing I don't have nearly as much as I did.

 

No need to search homes for rolls of coins, silverware, tea sets, etc. No need for confiscation. At $265 per ounce people will cash in anything that even looks like it might be silver. The US Mint will also stop making Silver Eagles, also no more Maple Leaves, nor any other silver coins. I would look for silver to become a restricted strategic mineral, much like uranium. Hell, at $265 per ounce, I might even sell!

 

I wouldn't hold your breath until it hits that number. You are going to be waiting a long long time.
And at that point the world is going to move away from silver.
If it gets too expensive, manufactures are going to be saying:
You know, I might NOT need the smallest conductor or the one that has the highest conductivity, if i make this little tweak here I could get away with something like: Copper which is just barely lower than silver or maybe even aluminum.

And then the silver price crashes hard. And trust me, manufacturing is already looking at the maths now.

High prices are the cure for high prices and in this environment, the parabolic rise will end with a straight down cliff. Remember the Nickel panic in 2022 it went from 25k per ton and a few days it shot up more than 4x, collapsed to high 30s and has been dropping ever since. EV and Hybrid mfgs immediately started looking for a replacement metal for their batteries. Current LFP batteries are 'Safer' than the NM batteries, and 'Cheaper' but not quite as energy dense but it's a trade off but uses no nickel.