jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
I got two boxes of Brinks today. Got 1 1945 D Walker. It was showing on an end when I opened the first box. I thought I was gonna score big. Nothing else to find.
P.S. I am thinking of converting some of my silver into gold. I am about 50/50 value wise gold/silver now. I know there are many logical arguments why silver should outperform gold in the future: industrial use, supply is greatly depleted over time, less above ground silver then gold, poor man's gold, etc, etc. But I gotta say, my gold holdings are pretty much all in the black at this level, some of my silver purchases are in the red if I sold today. My gold has held its value far better than silver (I was buying silver when it was 18-19), as well as when it was 10-11 per ounce. I am thinking about converting my junk silver and my less favorite silver bullion pieces into gold.
Also, I know many are anxiously awaiting silver to hit 30, 40, etc to sell. I spoke to one of my coin dealers who was in the business back in 1980. He said that when silver was up like that the dealers were not paying anywhere near spot when you sold. He said he remembered paying mid 30s when silver hit 50, because the refiners were not paying the dealers spot.
Any thoughts or opinions on trading silver for gold would be appreciated.
Jim
P.S. I am thinking of converting some of my silver into gold. I am about 50/50 value wise gold/silver now. I know there are many logical arguments why silver should outperform gold in the future: industrial use, supply is greatly depleted over time, less above ground silver then gold, poor man's gold, etc, etc. But I gotta say, my gold holdings are pretty much all in the black at this level, some of my silver purchases are in the red if I sold today. My gold has held its value far better than silver (I was buying silver when it was 18-19), as well as when it was 10-11 per ounce. I am thinking about converting my junk silver and my less favorite silver bullion pieces into gold.
Also, I know many are anxiously awaiting silver to hit 30, 40, etc to sell. I spoke to one of my coin dealers who was in the business back in 1980. He said that when silver was up like that the dealers were not paying anywhere near spot when you sold. He said he remembered paying mid 30s when silver hit 50, because the refiners were not paying the dealers spot.
Any thoughts or opinions on trading silver for gold would be appreciated.
Jim
Amazon Forum Fav 👍
Upvote
0