Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
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Rules for General Chat
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In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Rules For the rest of the Site also accessible on the sidebar.
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Spot silver 72.22
I've got an uncirculated Littleton silver ounce bullion I bought when I was a teenager. Paid under $20. It hasn't been opened either and is still in the clamshell.
Should I find a coin shop to buy it for spot plus $5 or should I sell it on ebay or Facebook?
Or should I hold because silver will keep going up?
I'm guessing that most coin shops would pay spot - $x. If its contactable, then you may get some of the premium back, but in my neck of the woods, all silver get the buyback at less than spot.
If you are not hard up for money, and NEED to sell the silver, then go ahead, but I agree with Pb. Hold it. Silver is great for two things:
One, in a SHTF scenario, it could become effective currency for bartering or trade, etc.
Two, it stores value, over time, for that rainy day or when its time to cash in and move the value into something else (buying another tangible asset, like land).
I'm not sure how collectable this is,but for the most part,people are not getting value for collectable premiums now.
I would hold,and do belive silver will go up,when the war ends.