Silver possibly up to $144 in the next 4 months
Current spot price is $46.66. Already up 44 cents in the aftermarket trading.
https://www.jmbullion.com/charts/silver-prices/
Gold has increased in price by $680 over the last 6 months as well. Sitting at $3801 an ounce.
Silver increasing to $144 and ounce would be over a 200% increase from today's spot price. A 200% increase in gold price over the 4 months would put it at $11,390.
Gives new meaning to the Trump term, "Golden age"
President Trump's executive order allowing people to invest their 401k into precious metals starts in February. This could possibly send the metals markets to the moon.
People pulling money out of the stock market to reinvest in precious metals, the stock market could possibly tank. If this happens, it would be a perfect opportunity for Trump to make his move to end the Federal Reserve's control over our monetary system. Refusing to lower interest rates, uncontrolled debt, crashing stock market. Trump will argue the Fed Reserve has failed to live up to its promise to protect our financial system from volatility, which was the Fed Reserves stated function.
stupid question here.. we bought some silver coins but i mean what do you do to sell, go to pawn shop? or just let it sit there for next generation, just nice knowing it's worth double what we paid for
I know a ton of people that hold silver. We trade constantly instead of cash.
Oh? Interesting.
Trade as in if I want to buy a TV or PS5? We don't really buy anything other than food and necessities
Just find someone who likes silver, they'll buy it for market value.
I've never got rid of any outside of trading I guess.
Sell it back to the big dealers, they have a sell to us tab,or your local bullion/ coin shop if you are in a big city.
https://www.jmbullion.com/my-account/buyback-products/#/?_=1&page=1&filter.metal_type=Silver&filter.product_type=Coin
Thanks!
Best thing is friends or co workers,you can make more and they can get a better deal.
Create an Ebay account. Sell your coins on Ebay. Coin collectors there will pay spot price all day long.
Look up "American silver coins" on Ebay. Over 100,000 items listed for sale currently.
Get a small camera that plugs into your computer or take photos with your phone and upload them into your ad. Write a small description of the item you are selling and sell it.
Get yourself a small scale, weigh the coin in the shipping envelope, type in the weight and the postal service will print you a shipping label with the buyers name and address. Tape that to your envelop and mail it.
Several options available when selling, make it a true auction, highest price at the end on the auction wins. You can set a reserve price where a minimum bid must be placed and the bidding price starts from there, You can give free shipping or charge the buyer for shipping.
If you charge the buyer for shipping, you typically get less for the coin in the auction. People typically subtract the shipping cost from the amount they will pay for an item so they are still paying spot price.
Ebay takes a small percent of the sale price. They do not take money from the shipping cost. So people sometimes charge more for shipping and that reduces the amount taken by Ebay.
I bought and sold coins on Ebay for many years, you can find some really good deals. You have to be good with your math and calculator skills as the auctions are ending and know the going price of silver.
Be careful when buying, there are scammers. Make sure you are looking at the sellers approval rating. Beware if their ratings suck. Coin companies sell stuff on there. They could have 500,000 ratings with a approval of 100%, they are safe.
If you see someone selling a American Eagle at 50% off market value and they have 50 people providing a approval rating of 0%, it is a scam, stay away.
Do not go to a pawn shop, they will rape you.
Places like JM Bullion will pay you 12% below spot price, that is how they make money, along with premiums when you are buying.
I sold some silver coins on there. They were originally bought from a reputable dealer so they were real. The buyer was a no good thief. He told eBay they were fake so he was supposed to send them back. I got a box back with some small pieces of junk in it. Going by the tracking, eBay said they were returned and gave him his money back. I had to go through a ton of crap to get my money returned to me. So you can get shafted by a no good buyer, too. I’ve been selling on there since 2005 and I never had an experience like that. Btw the fees are higher now and they are charged on everything including the shipping. I see a lot of coins now that are cheap and the seller is in China. No way, they are real.
I've been an eBay seller since 2001.
I stopped selling in like 2010 when they started fucking over the sellers and always siding with the buyers no matter what.
I would NEVER sell on eBay ever again, nothing but scammers now.
Sell your metals in person to a gold shop or some either way, like to a bullion dealer
I wouldn't sell without calling a few places and asking what they will give you.
Price a pawn shop or a refiner, with a coin selling or trading directly is probably an option. There used to be gold buying places in the places where you find payday loans/Vape shops/CBD oil type strip malls, but they took decent chunk on a coin.
Handy & Harman used to be the place to sell gold and silver back in the day, went out of business I think, but looks like a refiner out of Singapore bought the name. There are equivalents I'm sure.
There are plenty of bullion dealers you can sell too. Not the pawn shop.
I'd hold on to them for one of two scenarios:
SHTF - silver is the 'poor man's gold'. If the economy collapses, silver exists in small enough denominations that you can use it to buy/barter for things you really need: food, fuel, etc.
Hold on to it as a store of value. Much better than fiat currency in the bank.
I recommend 'stacking' silver piece by piece, for the two reasons outlined above. Also, if you get enough, if and when it goes massive, you can then use it to buy other things. Like a car, etc,