Buillion Dealers ?

[FlyingScot]

Originally Posted by Biggd

My mother had a 12 piece silverware set that I inherited. Growing up she would always tell me it was worth 20K so I kept it for years thinking it would go up in value. About 8 or 9 years ago silver was at a high so I figured it was time to sell. I couldn't get anyone interested in this beautiful silverware set as is, so I sold it for what silver was paying per ounce, I got $7500 and it hasn't gone anywhere near that high since, just sayin!.
I see predictions saying it could go to $100 per ounce but it's never seen $50 so that's highly unlikely. Sorry if I didn't answer your question.

You answered the more important question--silver is a high risk asset. It should not be a large % of anyone's portfolio (unless they are a professional)

[ishoot308]

Originally Posted by FlyingScot

You answered the more important question--silver is a high risk asset. It should not be a large % of anyone's portfolio (unless they are a professional)

Couldn’t agree more!

Dan

[TheProfessor]

Originally Posted by FlyingScot

You answered the more important question--silver is a high risk asset. It should not be a large % of anyone's portfolio (unless they are a professional)

The Silver Story.

A local independent semi-retired -mostly - contractor.
2010 - 2012
He listened to certain radio programs. Viewed certain national news programs.
And they convinced him that the dollar was going to collapse. That there was going to be anarchy in the streets. That the US dollar would no longer be accepted at stores. So he loaded up on dry goods and canned goods. Purchased an item to prevent people from entering his home.

Not having any excess money. He mortgaged his home for $100,000.
Searched all local dealers for silver coins. Traveled around the lakes region to jewelry/pawn/coin shops.
He bought silver dollars at around $34 - $37.00 per coin. A little lower/a little higher. Not any rare coins. Just ordinary regular silver dollars.

He died broke. He died of complications of Covid - as the same radio and TV folks convinced him that a vaccine is not needed and a plot by the govment.
But that story is for another posting.

The year he died - silver was hovering around $17.00 per ounce.

[fatlazyless]

www.nccnh.com has been there for many years, a small walk-in store on Main St, Plymouth NH with the owner/manager right there and a good place to go for value information.

"Hey buddy, what's this 1804 silver dollar worth?" ......