Silver suprise!

[Wickaboag]

Hey all, as of midnight on August 27th. Old Au is making me proud! 31.09$ an ounce!!!!!!!!
Good news for us Crhers.
Wicka.

 

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[namster]

yea I can't figure out whether to root for Q3 or not. In one sense the price of silver goes up, but the value of the dollar I'll get from selling it will go down. From a long term standpoint silvers probably gonna go up anyway. Still, the businessman in me wants Q3 bad

Interesting little quandary there eh? Also, keep in mind that the potency of your debt also goes down as inflation rises, assuming you have fixed interest rates. I believe most people view PMs are wealth preservers. In any case, CRHers buy at $1.50-$3.00/OZ so we come out ahead.

 

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[namster]

I wanted to add, I wouldn't sell the silver and go on a spending spree, I'd sell it and buy a few high-grade gold coins. Probably a $20 saint (66) and a $10 no motto (64), as well as a nice '09 UHR (69PL). The rest would probably go to pay down my student loan debt.

Pay off your house first, then the student loans. At least then you are paying yourself.

 

[CoinFetcher]

Pay off your house first, then the student loans. At least then you are paying yourself.

Really think so?

Why not just pay off the one with the higher interest rate?

 

[bigscores]

Interest rate on my student loans is 1.8% or so... that's less than inflation by quite a bit, I make money not paying them off fast, lol...

 

[D1MES_101]

Hey all, as of midnight on August 27th. Old Au is making me proud! 31.09$ an ounce!!!!!!!!
Good news for us Crhers.
Wicka.

told cha it'll go up!