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JerrySpringer
Penny Hoarding Member
669 Posts |
 Posted - 10/24/2008 : 10:59:18
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I thought this was an appropriate comment to plagiarize from a forum I read often when time permits:
quote:
OCMetro: I am talking with a bunch of gold dealers in my area about starting a new website dedicated to entering buy/sell prices for gold, silver, platinum and other bullion.
There is NO connection between spot and reality. Silver is at $9.01 right now, but 1oz coins are $19.50 near me. I pay $16.75 at the same dealers, when they have them.
I tried to buy 5 ounces of Platinum today, but they were out of stock. 30 day delivery wait, no guarantees of delivery. Forget it.
Last night, I sold somewhere in the realm of 105 pre-64 dimes ($0.90 spot value) for a total take of about $180. That’s almost double the spot value, in line with what $1 eagles are selling for. If I had more dimes on me, I bet I’d have sold 5x as much, there was that much demand.
My asking price for my gold bullion, including shot, is around 25% over the current spot price, and people are paying it.
My local coin dealer is out of ASEs and probably junk silver. The wife and did a drive yesterday and found a few 40% clads btw. Paid for the gas money I suppose, but we get few days off together and the weather was good so we did a bank search as a way to see how things are going. Some tellers remarked that others have been asking them for half dollars. I am thinking that we will soon be spinning our wheels (forgive the pun) as far as looking for safety/hedge for money right now. I have been through chaotic episodes in my life and have had disappointment many times, but I do not know how to brace against fiat and charlatan "problem-solvers" who may just be stonewalling.
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 10/24/2008 : 17:51:08
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Here is another clipping. From the coinflation.com link and ultimately Craigslist:
You must be logged in to see this link.
Man oh man, imagine trying to scrounge around for ASEs to pay the rent. They are not legal tender are they? If that is the case, then the landlord may be letting themselves be in the radar a little. I could see having a deposit for a place of some precious metals perhaps. BTW, is there any easy way to loan people money if they have silver coins as collateral? Peer-to-peer pawnshops? They exist? |
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Clipped this from another message board
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