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Bullion Values

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  1. raisethis2 raisethis2 is online now

    Homer Glen, IL
    United States

    Posts: 3,061
    Joined: Jul 06

    Nov 6th, 2010 (11/6/2010 4:53pm)

    Just wanted to mention that as gold and silver continue their climb it would be wise to shop very carefully if you're looking to sell because the prices actually paid at those scrap shops is not keeping pace, further, the values of coins as coins doesn't reflect the value increases of the gold or silver within.

    With Gold closing at : $1,397 oz.

    Silver : $26.74 oz.

    It's almost advisable to seek out a smelter who will pay 97% on gold rather than deal with one of those corner pop ups that offer like 60%.

    I sell a few coins at times on E bay and am shocked that as silver climbs, the numismatic value seems to stay near the same. If anything that makes me a gold and silver buyer right now.
    Edited By: raisethis2 Nov 6th, 2010 at 04:54 PM
  2. p00pymcp00perton p00pymcp00perton is offline

    Lao People's Democratic Republic

    Posts: 12,311
    Joined: Jun 08

    Nov 6th, 2010 (11/6/2010 5:04pm) in reply to raisethis2

    bullion? you mean them little cubes you put in hot water to make soup?
  3. LarsonLarsen LarsonLarsen is offline

    Pekin, IL
    United States

    Posts: 1,357
    Joined: Nov 07

    Nov 6th, 2010 (11/6/2010 5:06pm) in reply to p00pymcp00perton

    No, not the little cubes you put in water to make soup.

  4. LeftyMark LeftyMark is online now Boss of Birds

    MA
    United States

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    Nov 6th, 2010 (11/6/2010 5:36pm) in reply to LarsonLarsen

    If you're selling silver now you're a dummy. Not directing this towards anybody in particular just making a point. I made a post about buying few weeks back and I'm sure nobody listened but if they did the would be quite pleased with the returns so far.
  5. yomamanodros yomamanodros is offline

    Boulder, CO
    United States

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    Nov 6th, 2010 (11/6/2010 5:56pm) in reply to LeftyMark

     
    Originally Posted by LeftyMark View Post

    If you're selling silver now you're a dummy. Not directing this towards anybody in particular just making a point. I made a post about buying few weeks back and I'm sure nobody listened but if they did the would be quite pleased with the returns so far.

    I've been buying metals for years and have no plans to sell anytime soon. Miners are also starting to pay off big after several years of so so growth.

    There are now lawsuits and rumored RICO action against JP Morgan concerning their manipulation in the silver market. There could be more huge days like Thursday in the near future. No way I would sell now.
  6. saxman saxman is online now

    Posts: 14,155
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    Nov 6th, 2010 (11/6/2010 6:02pm) in reply to yomamanodros

    UXG is looking pretty good right now :) almost sold some on the pullback last week - glad i didnt
  7. yomamanodros yomamanodros is offline

    Boulder, CO
    United States

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    Joined: Aug 05

    Nov 6th, 2010 (11/6/2010 9:24pm) in reply to saxman

     
    Originally Posted by saxman View Post

    UXG is looking pretty good right now :) almost sold some on the pullback last week - glad i didnt

    Yeah, new highs always make me feel like dancing!
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