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Started By
Message
Is silver worth much..my f.i.l. has a safe
Posted on 8/16/24 at 9:20 am
Posted on 8/16/24 at 9:20 am
Full of silver...although I don't know how much I would guess at least 300 oz.....
When he and his wife pass that down to his only child [my wife] what should we do with it.
I don't want a heavy safe full of silver..
When he and his wife pass that down to his only child [my wife] what should we do with it.
I don't want a heavy safe full of silver..
9
Posted on 8/16/24 at 9:25 am to bleedsgarnet
Spot price is around $28 per ounce.
Sell it and buy gold.
Guess gold is out. Sell it and buy two or three Ethereum tokens.
quote:
When he and his wife pass that down to his only child [my wife] what should we do with it.
Sell it and buy gold.
quote:
I don't want a heavy safe full of silver..
Guess gold is out. Sell it and buy two or three Ethereum tokens.
This post was edited on 8/16/24 at 9:29 am
Posted on 8/16/24 at 9:38 am to bleedsgarnet
I think silver would actually be more useful than gold in a SHTF scenario, but there’s absolutely zero reason to keep that much. If you want to maintain exposure in precious metals, convert 90% into gold. If you don’t, convert it all into something that gives better returns.
Posted on 8/16/24 at 9:39 am to bleedsgarnet
I held a small stash (175 oz) for 12 years and barely broke if at all. Sold it to a local metal dealer at $30/oz. Sell and buy something that will actually go up in value.
Posted on 8/16/24 at 1:50 pm to bleedsgarnet
quote:
I don't want a heavy safe full of silver..
He has a 35 lb pure silver door stop Pig
I asked him what it was worth once and he said 15-20K depending on the market
Posted on 8/17/24 at 7:19 am to bleedsgarnet
Hang on to it.
Posted on 8/17/24 at 3:13 pm to Joshjrn
No currency is worth anything in a true doomsday scenario. Wtf can I do with an ounce of silver when the world is in chaos and I'm hungry?
Posted on 8/17/24 at 6:57 pm to Pauvetibete
quote:
Is silver worth much..my f.i.l. has a safe
quote:
No currency is worth anything in a true doomsday scenario. Wtf can I do with an ounce of silver when the world is in chaos and I'm hungry?
Are you saying that an ancient form of currency/payment won't have any value to buy you food from someone with excess food during chaos?
Posted on 8/17/24 at 8:05 pm to Tasseo
quote:Yes
Are you saying that an ancient form of currency/payment won't have any value to buy you food from someone with excess food during chaos?
Very few people will value a shiny rock when everyone is starving, dying from disease, and can't defend themselves.
Posted on 8/17/24 at 8:30 pm to bleedsgarnet
bleeds …. it depends on the type of silver.
is it bullion? … coins or bars?
Is it mint-issued? …. which govt. mint?
is it slabbed? …. graded by a service? ( e.g ngc, pgsc)
is it numismatic? … pre-64 junk silver? …
there are a lot of variables that can affect value.
Prepare an inventory and you should be able to get some bid-offers from either online dealers or individuals. Post it here too, …you might get some interest. Good fortunes!
is it bullion? … coins or bars?
Is it mint-issued? …. which govt. mint?
is it slabbed? …. graded by a service? ( e.g ngc, pgsc)
is it numismatic? … pre-64 junk silver? …
there are a lot of variables that can affect value.
Prepare an inventory and you should be able to get some bid-offers from either online dealers or individuals. Post it here too, …you might get some interest. Good fortunes!
Posted on 8/17/24 at 8:58 pm to bleedsgarnet
quote:
don't want a heavy safe full of silver..
18 lbs is heavy to you?
Hell I’d love to have that. I’ll take it off your hands for 350 dollars
Posted on 8/17/24 at 9:00 pm to cadillacattack
I'd love to find a local buyer of my old stash rather than selling to a dealer and taking a 10% haircut off spot...
30 1oz silver bars
2 10oz silver bars
15 buffalo silver rounds
15 eagle replica rounds
60 American silver eagles
30 1oz silver bars
2 10oz silver bars
15 buffalo silver rounds
15 eagle replica rounds
60 American silver eagles
Posted on 8/17/24 at 9:21 pm to Tasseo
quote:
Are you saying that an ancient form of currency/payment won't have any value to buy you food from someone with excess food during chaos?
Bullets, medicine, cigarette lighters, clean water. You’ll sell your fricking soul and throw your silver stash in as a sweetener for the above in a true SHTF scenario.
Posted on 8/18/24 at 9:53 am to bleedsgarnet
Dump it. Nothing but an expensive paperweight that takes up valuable space.
Posted on 8/18/24 at 8:13 pm to TigerTatorTots
I'd rather kill myself in that scenario.
Posted on 8/18/24 at 9:14 pm to RollTide4Ever
quote:I'm sure a lot of people would
I'd rather kill myself in that scenario.
Posted on 8/18/24 at 9:19 pm to TigerTatorTots
I got 100 or so oz
I am going to barter with it in the apocalypse
I am going to barter with it in the apocalypse
Posted on 8/18/24 at 9:24 pm to deltaland
quote:
18 lbs is heavy to you?
20.5
Troy ounces
Posted on 8/18/24 at 11:29 pm to bleedsgarnet
Precious metals would be pretty worthless in doomsday scenario but in an EMP or major cyber attack that renders cc/debit, etc useless for a few weeks, it will be useful.
Precious metals are more like insuarance plans than investments.
Precious metals are more like insuarance plans than investments.
Posted on 8/19/24 at 6:20 am to Pauvetibete
quote:
No currency is worth anything in a true doomsday scenario. Wtf can I do with an ounce of silver when the world is in chaos and I'm hungry?
Silver and gold won’t do much in a true SHTF scenario. They are a hedge against massive debasement of a fiat currency.
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