[1 old 0311]

Originally Posted by datnvan

so i sold 8oz for roughly $224. was that a bad move considering the market? i bought some ar accessories and ammo with it.

That's $28 per ounce. E-bay would cost you $33-$34 for the same. Not bad at all!

[emt1581]

Well I tried the aluminum foil and baking soda thing. Worked really well on most pieces. On some it did next to nothing. I then ran a magnet over every piece...no fakes.

Just figured I'd report back.

-Emt1581

[Warp]

Originally Posted by 1 old 0311

That's $28 per ounce. E-bay would cost you $33-$34 for the same. Not bad at all!

He sold. Not purchased.

[Catshooter]

Why in the world would you clean . . . oh, never mind.


Cat

[PBCounty]

Originally Posted by Catshooter

Why in the world would you clean . . . oh, never mind.


Cat

Because maybe you want your **** to look decent....like anything else. Go be smug somewhere else.

[PBCounty]

Originally Posted by eyesnorth

Why clean them unless you are trying to sell them? Seriously. Why?

Why clean your tile unless you're going to sell it?

[Catshooter]

Actually, the look silver gets after time has passed doesn't look like anything else. I would tend to watch for that look, just one more clue of authenticity. Clean silver, unless newly minted would be suspect to me.

All my gear, tools and equipment, they all be clean.

And PB, I can smug here if I care to be, allthough I shouldn't be smug with EMT, it's lazy of me.


Cat

[JKDGabe]

Originally Posted by PBCounty

Why clean your tile unless you're going to sell it?

You walk on your silver?

[1 old 0311]

Originally Posted by emt1581

Well I tried the aluminum foil and baking soda thing. Worked really well on most pieces. On some it did next to nothing. I then ran a magnet over every piece...no fakes.

Just figured I'd report back.

-Emt1581

Really the only counterfeit coins you MAY encounter are the Chinese made American Eagles. On the gold & silver forum there are numerous reports of these.

[emt1581]

Originally Posted by 1 old 0311

Really the only counterfeit coins you MAY encounter are the Chinese made American Eagles. On the gold & silver forum there are numerous reports of these.

I was pretty much given all of my ASE's as a gift growing up. I only buy generics now...Silver is Silver!

-Emt1581

[1 old 0311]

Originally Posted by emt1581

I was pretty much given all of my ASE's as a gift growing up. I only buy generics now...Silver is Silver!

-Emt1581

With the counterfeit Chinese Eagles easiest way to spot them is they are all marked 1989. That normally wouldn't be a big deal but the U.S. Mint didn't make any Eagles in 1989. With the price of silver it's not a bad idea to weigh them because as the price keeps going up the fakes are sure to follow. E-bay sells PM scales for $15-$20. Lots of good info on these at www.goldismoney2.com

[emt1581]

Originally Posted by 1 old 0311

With the counterfeit Chinese Eagles easiest way to spot them is they are all marked 1989. That normally wouldn't be a big deal but the U.S. Mint didn't make any Eagles in 1989. With the price of silver it's not a bad idea to weigh them because as the price keeps going up the fakes are sure to follow. E-bay sells PM scales for $15-$20. Lots of good info on these at www.goldismoney2.com

With private deals I bring my own scale and magnet. With ones bought at cash 4 gold places...I use theirs. However, I actually found that dealing with the place closest to me is a LOT cheaper and easier than this crap with finding private sellers on CL and hoping we can come to an agreement.

-Emt1581

[1 old 0311]

Originally Posted by emt1581

With private deals I bring my own scale and magnet. With ones bought at cash 4 gold places...I use theirs. However, I actually found that dealing with the place closest to me is a LOT cheaper and easier than this crap with finding private sellers on CL and hoping we can come to an agreement.

-Emt1581

I am in GREAT shape, double+, on my cost. I have been doing some trades lately for ammo and firearms. It's like getting them for 1/2 price and more and more people are willing to trade.

[emt1581]

Originally Posted by 1 old 0311

I am in GREAT shape, double+, on my cost. I have been doing some trades lately for ammo and firearms. It's like getting them for 1/2 price and more and more people are willing to trade.

Really?? So you're trading silver and getting guns/ammo?

See I have enough guns/ammo to choke a horse so I'm not sure I'd jump to do that right now. But it'd be good to know for the future. However, I haven't seen ANYONE offering up guns for anything on CL, gunbroker, etc....let alone silver bullion.

EDIT: Something else I wanted to add is that every 20 oz. or so I had to put in new foil/baking soda/hot water. Now it may have just been that the water was no longer hot enough but I didn't test it by only replacing the water/baking soda.

Thanks!

-Emt1581

[emt1581]

Anyone here diversify their PM's? That is, instead of all Silver or all Gold...do you mix? If so, why? What's the reasoning for having both?

I only ask because I just realized with what I have, I could trade it for some Gold. I like Silver though because it's easier to do smaller transactions with without having to cut the bullion or make change when it comes time to use the pieces to buy goods/services with.

I'm also partial to 1oz. rounds/bars...again because it's a small standard unit. No huge loss if change can't be made.

-Emt1581

[certifiedfunds]

Originally Posted by emt1581

Anyone here diversify their PM's? That is, instead of all Silver or all Gold...do you mix? If so, why? What's the reasoning for having both?

I only ask because I just realized with what I have, I could trade it for some Gold. I like Silver though because it's easier to do smaller transactions with without having to cut the bullion or make change when it comes time to use the pieces to buy goods/services with.

I'm also partial to 1oz. rounds/bars...again because it's a small standard unit. No huge loss if change can't be made.

-Emt1581

Some speculate that you may end up doing better on the silver. As things get worse and worse people will realize they're kind of screwed as the blood is being sucked from their Soon To Be Lifeless Bodies (STBLB). They'll realize they need gold, shoulda already had it but as they see the blood leaving their bodies they'll say, "I Must Get Some Gold!" But it will be out of reach or unavailable for purchase, so they'll look to silver, even copper bullion.

In your case I'd probably hold the silver unless the bulk became such that you needed to consolidate some into gold for portability or storage reasons.

My .02

ETA: You can buy silver cleaning stuff all day long if you're so inclined. Remember, they make dining utensils out of it that need to be polished.

[emt1581]

Originally Posted by certifiedfunds

Some speculate that you may end up doing better on the silver. As things get worse and worse people will realize they're kind of screwed as the blood is being sucked from their Soon To Be Lifeless Bodies (STBLB). They'll realize they need gold, shoulda already had it but as they see the blood leaving their bodies they'll say, "I Must Get Some Gold!" But it will be out of reach or unavailable for purchase, so they'll look to silver, even copper bullion.

In your case I'd probably hold the silver unless the bulk became such that you needed to consolidate some into gold for portability or storage reasons.

My .02

ETA: You can buy silver cleaning stuff all day long if you're so inclined. Remember, they make dining utensils out of it that need to be polished.

As far as the whole STBLB...you lost me. Why would it matter which you had...I thought both were equally as accepted in bad times...and used to be the standard currency for thousands of years right up until the late 1800's when paper came into the picture....?

As for the polish...I've read in several places that once you polish silver you have to keep polishing it or it gets really tarnished really fast.

-Emt1581

[certifiedfunds]

Originally Posted by emt1581

As far as the whole STBLB...you lost me. Why would it matter which you had...I thought both were equally as accepted in bad times...and used to be the standard currency for thousands of years right up until the late 1800's when paper came into the picture....?

As for the polish...I've read in several places that once you polish silver you have to keep polishing it or it gets really tarnished really fast.

-Emt1581

STBLB - Soon To Be Lifeless Bodies due to not having any metal as the money in their pocket buys less and less

Don't you read the Mogambo Guru?

You asked about coloring up. I gave you possible reasons why you might not want to.

[emt1581]

Originally Posted by certifiedfunds

STBLB - Soon To Be Lifeless Bodies due to not having any metal as the money in their pocket buys less and less

Don't you read the Mogambo Guru?

You asked about coloring up. I gave you possible reasons why you might not want to.

No I didn't read it.

-Emt1581

[kirgi08]

I'm gonna try and explain something.Polishing silver is kinda a waste of time,if you polish "collectible" coins you've just ruined their value.If they're ta be used as a barter "medium" their "collectible" value doesn't really matter,same as junk silver.The "content" of the coin will establish the "market" value.This is the main reason I prefer junk silver over 10oz bars,it's easier ta diversify on a base level in a barter economy.I don't invest in gold as a barter item,we have about 2ozs of gold,that's it,a "surprise" purchase is all it's for.

Silver is just simpler ta use in a "altered" economy.'08.

[UneasyRider]

Originally Posted by emt1581

Anyone here diversify their PM's? That is, instead of all Silver or all Gold...do you mix? If so, why? What's the reasoning for having both?

I only ask because I just realized with what I have, I could trade it for some Gold. I like Silver though because it's easier to do smaller transactions with without having to cut the bullion or make change when it comes time to use the pieces to buy goods/services with.

I'm also partial to 1oz. rounds/bars...again because it's a small standard unit. No huge loss if change can't be made.

-Emt1581

We started with gold but switched to silver several months ago. Worked out pretty well and I still think that it will.

[Careby]

Originally Posted by emt1581

Anyone here diversify their PM's? That is, instead of all Silver or all Gold...do you mix? If so, why? What's the reasoning for having both?

I like both. One advantage of gold is it's a lot easier to carry. Or at least it is in the amounts I'm likely to accumulate!

[Don H]

JP Morgan Admits To, Reduces Massive Silver Short Position, Proves Millions Of Conspiracy Theorists Correct

http://www.zerohedge.com/article/jp-...theorists-abso

[G29Reload]

The JP Morgan story, if true, will do little to affect the current price.

ITs still at 29 and change, last I checked.

The price of silver will likely remain high for some time and travel independently of the JPM story,

- Silver tends to maintain a relationship to gold and other PMS as some multiple or fraction of the other's price,

-The overprinting of currency, also known as QE or monetizing debt has created a huge demand among ordinary citizens for real hold-in-your-hands pms,

-silver is more affordable to the average citizen than gold,

-the recent healthcare legislation, a component of which includes the still not yet repealed provision of mandating everyone issue 1099's for any and all transactions over $600 makes silver additionally attractive for small exchanges. Less than a half ounce of gold at current levels sold back to a dealer for cash would mandate this, it would take more than 20 oz of silver to similarly pop up on radar for the same consequence. Keep your transactions below 600 and you don't trigger the requirement.

-Silver, as above is more conducive to small, everyday transactions. Need a fifth of whisky, a loaf of bread and dozen eggs, its much easier to trade silver dollars than break a Kruggerand or Gold Eagle.

-Silver Eagles, a common silver trade will ALWAYS be worth at least a buck, US$

[Don H]

Originally Posted by G29Reload

The JP Morgan story, if true, will do little to affect the current price.

ITs still at 29 and change, last I checked.

The price of silver will likely remain high for some time and travel independently of the JPM story,

- Silver tends to maintain a relationship to gold and other PMS as some multiple or fraction of the other's price,

-The overprinting of currency, also known as QE or monetizing debt has created a huge demand among ordinary citizens for real hold-in-your-hands pms,

-silver is more affordable to the average citizen than gold,

-the recent healthcare legislation, a component of which includes the still not yet repealed provision of mandating everyone issue 1099's for any and all transactions over $600 makes silver additionally attractive for small exchanges. Less than a half ounce of gold at current levels sold back to a dealer for cash would mandate this, it would take more than 20 oz of silver to similarly pop up on radar for the same consequence. Keep your transactions below 600 and you don't trigger the requirement.

-Silver, as above is more conducive to small, everyday transactions. Need a fifth of whisky, a loaf of bread and dozen eggs, its much easier to trade silver dollars than break a Kruggerand or Gold Eagle.

-Silver Eagles, a common silver trade will ALWAYS be worth at least a buck, US$

See post #300 and learn.