[Mr. K]

Any freepers here ever own any gold or silver bars?

How easy are they to ‘cash out’

I happened to inherit a bunch of silver 10 oz. bars, about 200 oz. total, i think.

They are individually wrapped in plastic- are they exchangeable for currency easily?

[GraceG]

Lead is a more versatile currency....

At the rate things are going it is your best bet, though you can use silver to kill vampires and werewolves....

[MarchonDC09122009]

Primarily at coin dealers who deal with bars / bullion.
200 oz x $15/oz = approx $3k.
IMHO, you should trade them in for an honest exchange in junk silver coins.
Those are easier to barter with when the SHTF and silver & gold go to high values.

[Pearls Before Swine]

I don’t really know, but I would imagine you would have little problem now. The potential problem comes if the dollar fails dramatically and the government decides to reconstitute it’s gold reserves by seizing private holdings.

[garyb]

It is this easy:

http://www.libertycoinservice.com/images/stories/offersandquotes/daily_quotes.pdf

Walk in, walk out. About ten minutes.

[xp38]

I took a loss at the time when i held a gold bar but cashing it was easy. I had purchased it from a bank that specialized in precious metals and cashed it in with them as well.

[Colinsky]

Any freepers here ever own any gold or silver bars?
How easy are they to ‘cash out’

I bought 20 ounces of gold in the immediate aftermath of 9/11, American Eagle coins. In the Great Recession I was forced to sell them off a few at a time in order to survive. I had no difficulty selling them at pawn shops and coin stores and jewelry stores, always for a little bit over the day's spot price.

I always phoned first and said, "What are you paying for gold today?"

They looked at the coins briefly and pulled wads of hundreds out of their pants pockets and peeled off enough to buy the coins.

Only one guy tried to cheat me--gave me one price on the phone, then when I showed up at his store, he said the spot price had plunged. But guess what, I had an iPhone and I checked the spot price and it was still the same. I shrugged and walked away and went to another place. Today the shop where they tried to cheat me is gone.