Selling PM, where to start.

It will be $250 an ounce some day. Probably between 5 and 10 more hyper inflations from now.

 

Yeah hundred plus dollar an ounce silver make it a lot less appealing for use as an electrical conductor. They'll stop using it in solar panels and cheap electronics and only using it in over priced laptops and over hyped phones.

 

Exactly. I think the increase in cost due to silver being like 200 dollars in say an IPhone or gaming PC would probably be well under 10 bucks.
A solar panel .. yeah, they'll switch chemistry way before it averages 100 per oz for months.

 

I read an online article that said copper could be used in many high-tech industries (like solar panels), but the conversion from silver to copper wasn't cheap nor easy and could take over a year. So, yes there are alternatives but it's still gonna hurt the bottom line or they could just pass on the increased costs to the consumer...you know, you and me. The biggest reason for switching from silver to something else would be shortages, as in high prices and still no silver to be had. Nothing hurts the bottom line like closed facilities and nothing to sell.

 

Solar panel makers go cheap. Other chip makers went to 300mm wafers, solar panel chip makers stayed 200mm and bought up all the unwanted 200mm wafer making and handling gear to keep cranking out 200mm based solar cells.

In a year silver will likely be on its way back down.

 

I recall many years ago, back when I cared about stereo systems, that the manufacturers bragged about their 14k or 24k gold plated connectors, claimed that they gave superior sound quality or something. It's been 45 years since I've cared about such things, but I don't think they use gold plated connectors anymore. Hell, I don't think they make stereo systems anymore. Junked my last one 30 years ago and haven't noticed any since.
Silver is up to $90/oz.! Apmex has silver dollars for $75 each and Silver Eagles for $105 each!

 

It just went a little under 88 an ounce ,,, I'm not a real good gambler ,,, if I could believe prices would tank in the future ,,, I'd sell out everything I have ,, and double my money in a few months ,,,just not sure that's gonna happen .

 

You won’t go broke taking a profit

 

You go broke paying taxes on profits.

 

Depends on the 'cost basis' you provide

 

Something will crash out. Might be gold, might be platinum.

 

This guy has it right, Right to crash and burn, He's asking full price for 90% stuff?
WTS: - Silver coin lot

 

Problem is with all the volitity in the price right now. Selling it for anywhere near spot price going to have to be Face to face sale.
LCS is going to be like 7-10 dollars back of spot on most stuff. And 12-20 back on 90 percent.
Apmex has a 10 thousand dollar minimum on selling to them.
SDBullion is like 6.00 back of spot on generic and bars. and 3 back or more on sovereign coinage.
90 percent constitutional is like 10 back of melt.

No one wants to be holding the bag when the music stops. Maybe if we are at the 90-100 range for a few months indicating we now have a new floor, you can get closer to spot .. right now .. pipe dream

 

Yes sir, when I saw his asking conditions I'm like this will be here a very long time.
No profit at all, Thanks man.

 

You say $10,000 like that's a lot.
Probably sell back to SD. Since what I want to sell is SD products and I don't have $10,000 unless I dip into my private reserve, the really old JM and Englehard. Definitely not letting the old stuff go for less than spot.
Still haven't sold that last hundred.

 

There minimum used to be 1k. So yeah, 10k is a jump.
You won't be getting spot anytime soon unless it's a face to face transaction. Those in the business need to cash flow to the wholesalers and those guys are setting their price they buy from the dealers .. and as a retail customer ... well you are getting back of that.
Price needs to stablize for awhile so dealers and wholesalers aren't in fear of holding a bunch of silver that just dropped 5 percent. No one holds it to potentially for a win on an up day. Not at this time.

 

I sold for greater than spot on ebay even after they took their 13%.
The reason I didn't sell on ebay this time is because I haven't been selling much and I would have only been allowed to list $7,000 per month, it may be even less. I needed to move fast on this and I've been very busy with other stuff.
I had a lot of 10oz bars and those didn't do so hot on ebay. I was better off selling singles and fives.
Last time I'd been actively selling stuff on ebay so my listing limit was like $9,000 and I was only getting around $40 an ounce.

 

That is a lot of money! It's a lot when you make $10,000 and have to pay taxes on it, and it's a lot more when you lose $10,000!

 

Gold is below $5000 per oz., and Silver is below $85 per oz.!

 

Guess I better sell that last 50 to 100 while I still can.