Hi all,. never posted down here in the "PM's" forum before ,. but,. come on down time to time for a read .
This is my question I'd like to ask ya'll . What should I get when selling my scrap gold ,. 66%,.. 80%,.. 90%,..?? of spot .
Now,. heres my story why I ask . About 18 mo. ago I bought my house , and I needed to do a bit of work to it right-off ,. and thought I might need a few $ to do it . So ,. quick cash ? sell some P.M's ,. easy!! So,. my silver ,.coin,.bar,. jewelry stock [sheet,wire , casting shot,etc,],.. I THINK NOT !! But the Au,. sure ,.why not ? So ,went through it , picked out the scrap I didn't care to keep ,. casting sprue's , dental , old ring's ,etc . Baged & taged. I went on down to a good/fair coin dealer I've dealt with some years before . I let him weigh a few things and he said he'd pay this for that ,that for this ,.. . It was becoming aparente ,. he was paying 66% spot . I told him "I'd think about it ,. if I needed the cash" . But he knew that I knew . He even said ,." there lining up to sell ,. and they really were !! So,. after that I made a few calls ,. no one ,. not one ,. had the balls to say '" yeah ,. we buy gold at ? % spot" !! so,. yet another question ,. is my good/fair coin dealer ,. just "cought -up in the moment",. or yet another balless SOB ,. there are so many of these already out here in So Cali ,.
Anyway ,. I never needed that cash for the house ,. but today ,. I have a "want" ,. and it's not coming out of my pay-check ,. this is for the family . A bit of Au scrap will do for my "wants" and needs .
Thank You ,. Blindpig
This is my question I'd like to ask ya'll . What should I get when selling my scrap gold ,. 66%,.. 80%,.. 90%,..?? of spot .
Now,. heres my story why I ask . About 18 mo. ago I bought my house , and I needed to do a bit of work to it right-off ,. and thought I might need a few $ to do it . So ,. quick cash ? sell some P.M's ,. easy!! So,. my silver ,.coin,.bar,. jewelry stock [sheet,wire , casting shot,etc,],.. I THINK NOT !! But the Au,. sure ,.why not ? So ,went through it , picked out the scrap I didn't care to keep ,. casting sprue's , dental , old ring's ,etc . Baged & taged. I went on down to a good/fair coin dealer I've dealt with some years before . I let him weigh a few things and he said he'd pay this for that ,that for this ,.. . It was becoming aparente ,. he was paying 66% spot . I told him "I'd think about it ,. if I needed the cash" . But he knew that I knew . He even said ,." there lining up to sell ,. and they really were !! So,. after that I made a few calls ,. no one ,. not one ,. had the balls to say '" yeah ,. we buy gold at ? % spot" !! so,. yet another question ,. is my good/fair coin dealer ,. just "cought -up in the moment",. or yet another balless SOB ,. there are so many of these already out here in So Cali ,.
Anyway ,. I never needed that cash for the house ,. but today ,. I have a "want" ,. and it's not coming out of my pay-check ,. this is for the family . A bit of Au scrap will do for my "wants" and needs .
Thank You ,. Blindpig
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