Doesnt selling .999 and using the proceeds, realize a greater return?

Gilmore Happy · Sep 2, 2011

Doesn't selling .999 and using the proceeds, realize a greater return?

I'd like to sell my .999 bullion for CRH cash. I do believe I can make more CRH, than letting the bullion sit.

Anyone sell .999/CRH finds, for more bankroll?

coolpix9 · Sep 2, 2011

Re: Doesn't selling .999 and using the proceeds, realize a greater return?

ABSOLUTELY !!!!

ArkieBassMan · Sep 2, 2011

Re: Doesn't selling .999 and using the proceeds, realize a greater return?

I'm about to do that exact thing myself and sell off ~$200 FV of 40%ers.

azlegends · Sep 2, 2011

Re: Doesn't selling .999 and using the proceeds, realize a greater return?

Let me know what you got and I might buy some.

Ginkawa · Sep 2, 2011

Re: Doesn't selling .999 and using the proceeds, realize a greater return?

well I'm new to all this, and it seems like an interesting idea. I can definitely see selling lower-density CRH finds to increase the bankroll, but fine silver? that seems odd to me.

by my figuring, if you spent $1k about 6 months ago on fine silver, and sold it now, you'd have gained about $200(possibly a generous number, not sure) would it have been likely to have made more cycling through more CRH? I dunno.

of course it also depends on how you expect the market to move in the near future...

its an interesting thought though.

FreedomUIC · Sep 3, 2011

Re: Doesn't selling .999 and using the proceeds, realize a greater return?

I know of one member that bought two monster boxes when silver was around the low 20'ish. Sold one box when it spiked to 50!!!!!!!!!

That is some serious investment return. What happens if you sell and it goes to $60.00 an oz? You might be stuck with fiat money and no more silver to show for it. If it were me, I would keep the .999 and keep
doing what I was doing. People trade up, they never trade down and that is basically what you would be doing. Now, like ABM is doing, dumping 40% to make room and cash for more, makes a lot more sense then dumping .999 silver for cash to look for "Junk" Silver.... :icon_scratch:

oxbowbarefoot · Sep 3, 2011

Re: Doesn't selling .999 and using the proceeds, realize a greater return?

The way I see it, selling 40% halves and War Nickels for cash is like reinvesting a stock dividend or compounding interest. I keep all 90% to build my stockpile. The 40% are traded for gold, .999 silver, Morgans/Peace dollars or cash, but mostly cash. Most of that cash goes into my CRH bankroll, allowing for greater volume, which in turn leads to more silver. This formula has served me well so far. I started with $500 in CRH bankroll in April of this year. So far I have turned that $500 into $3000+ bankroll, 15 grams of Gold Bullion, 1 gold half-eagle, 30 Morgan and Peace Dollars, 10 ASE, in addition to a considerable stack of 90% from CRH.

I traded $300 face value of 40% from CRH for $2800 and a 1914 $5 Gold Buffalo Head a couple weeks ago. $800 went to paying a credit card bill (instant savings on 12.99 APR card), and $2000 went to my CRH bankroll. I figure that that $2000 has earned about $700 in silver so far, whereas the value of the silver would have increased about $250 in the same amount of time, so I am ahead.

Now, there are negatives with this. If you trade to a dealer, you are likely giving up value on both ends of the deal. I get between 85-90% of melt for 40% and pay have to a 5% premium over spot for .999 and gold. I liken these losses to brokerage fees, its just part of the game. You got to pay to play!