Any silver stackers on the board?

[bnorth]

Originally Posted by vintagetoppsguy

It depends on if one thinks it will climb even higher or not.

When I posted that yesterday, silver was twenty one dollars and some change. As I'm typing this message, it's twenty three dollars and some change. If you bought yesterday, you already made money. if you sold yesterday, you lost money.

But the bigger picture, at least for me, is that the GSR continues to get smaller and smaller. I'm going to hold off on silver right now and start focusing on gold...at least for a little while.

I believe the stock market is about to take a blood bath that will continue to last into most of next year (maybe longer). And I think you'll see it start to happen by the end of this month, maybe early next month. Here are today's markets just so we can have a point or reference.

Dow 26,840.40
Nasdaq 10,680.36
S&P 3257.30

I know it is easy to find silver bars/coins to buy at or around the going rate. How does one sell it to get maximum return? Is it like cards where they have to increase at least 15-20%(AH/eBay fees) just to break even. Is there any sites were people buy and sell at no fees like the BST on here?

I am not interested in doing it but would like to learn how it is done properly.

[vintagetoppsguy]

Originally Posted by bnorth

I know it is easy to find silver bars/coins to buy at or around the going rate. How does one sell it to get maximum return? Is it like cards where they have to increase at least 15-20%(AH/eBay fees) just to break even. Is there any sites were people buy and sell at no fees like the BST on here?

I am not interested in doing it but would like to learn how it is done properly.

There are a lot of websites that offer a special "at spot" price to first time customers (like the link I shared yesterday). It's usually only one per customer/address, but you could probably take advantage of it several times and just have it shipped to different friends/family member's addresses.

As far as selling, you have the usual platforms like Facebook, Craigslist, Offer Up, Nextdoor, etc. but, just like with cards (or anything else), you have to be careful about who you meet and where you meet them.

I'm definitely not a flipper and a flipper may be able to offer much better advice, but that's what I hear from the flippers I know.

I bought a 5 oz Monarch precious metals Silver bar back in Feb 26 2015 at $16.56 per oz with a .89 cents spot per oz from Monarch precious metals they had a special at that time, all said and done buying on credit and postage was 95.82 as of today with that bar I have a 53% gain holding long term, today the same bar costs $146.74 with silver being at $23.14 per oz and buying on credit card. The 5 oz bar was $ 87.25 with spot included in 2015

My Dad had bought this for me back in 1973 and did not sell when the Hunt Brothers tried to corner the silver market in 1980 known as silver Thursday This is still kept in the original mail package

[vintagetoppsguy]

Originally Posted by rgpete

My Dad had bought this for me back in 1973 and did not sell when the Hunt Brothers tried to corner the silver market in 1980 known as silver Thursday This is still kept in the original mail package

That is so cool. The toning on the bars makes it even cooler. Thanks for sharing.