Posted on 03/14/2008 10:14:39 AM PDT by LibWhacker
“Personally, I will be stocking up on ammo.”
Already did that.
Didn’t want to come off entirely wacko ;D!
Smart moves all. Good luck, and I hope you own your home property outright.
My lady is talking about selling her scrap gold, are there any safe, reasonable alternatives to selling to the local jewelry dealer who has a “Buying Gold” sign out?
Except for taxes, utility bills, etc, etc : )
That’s excellent, but if we ever have to bail, I can pack up all my gold and ammo and walk away from my house. Your house will do you no good (unless it’s mobile). Still, as soon as I can take some profits from my gold, I plan on paying off my house.
Good for your FRiend. I'm using so little water and electricity that they've asked ME how I'm doing it.
I use all the incentives they offer like free duct sealing and so on. The County water department went on to say that if everyone were to conserve like we do they'd be hurting. Of course I didn't report that honest government employee. We need a few of those around to make our case.
Good luck to all of us when the local municipalities start their moaning for more funds.
It’s a pawn shop. Surely you don’t think they’d offer anywhere near full value.
Yep, that’s my strategy too.
Your statement has a familiar ring to it...
I have heard it everyday of every year since Gold was once again legal in private ownership...
We also have a spooker kit (hit tip to Dean Ing).
The reality is - if we felt we had to leave, it would be on a sailboat headed for the Marquesses.....with the kids and grandkids. As they say, been around the world, and found right here is the best place that is.
LOL, right on.
We have managed - over the last two years, to cut Ngas use by 48%, electric by over 1/2 and water is not metered, so it doesn’t matter - the flowers and lawn look great in the summer.
Always good to look at what you use, and be reasonable in that use.
We are planting potatoes for our garden this year - we trade with neighbors...
If one had gold, where is the best place to sell it?
I have a bunch of old school rings, they don’t even fit anymore. They are 10K but fairly heavy. I was wondering if and where I should sell them.
Same here, except that it was even lower when I was told that, and sad to say I took that advice and stuck with mostly equity stocks and a few bond funds.
The spot price for bullion is now at just over $1000. I saw it hit $1036 at one point yesterday, and I was mentally kicking myself in the posterior for not buying at the $650 plus or minus level of just a year or so ago. Gold may still be a good buy even at today's figure if the economy goes into another Jimmy Carter style stagflation period like some pros are predicting, but I don't have access to money that I can afford to put at risk right now without selling equities at a loss. And anyway, my wife is smarter and better at this game than I am and she doesn't like gold. Other than the kind you wear that is.
I think I remember reading somewhere that there are people who will (for a small fee) melt down gold and shape it into rounds, bars, etc... That is what I would do. You are going to get a much better price for a 1 ounce round than for 1 ounce of gold in jewelry. Especially at a pawn shop. There are plenty of companies online that will buy 1 ounce rounds at close to spot. Your local coin dealer and pawn shop are going to try and give you half of that.
I thought they could skim off the impurities or some process leaving just the pure gold. I am pretty sure I read about it at Kitco.
I agree that no good businessman is going to pay spot, but 50% of spot - shame on the sellee.
All this assumes, of course, that 1) you have a smelter convenient to you, and 2) that you're selling more than 1 or 2 small items.
Scrap gold, old rings & so forth, is just a pain to deal in. Try 5-6 shops and take the best offer. If you've a gold wholesale jeweler near you, that's a good place to start, because he'll melt the scrap and then **use** it for findings and such. No secondary middleman, which invariably means you'll receive a better price.
If you're selling coins, best (convenient) thing to do is to join a coin shop's 'bid board' club. Membership is usually free, the clubs I've seen, and other collectors/investors come in and bid for whatever you put up on the board. Tip: the scarcer your coins, the better percentage-wise you'll do on a bid board. AND, you can put a reserve price on the item(s), typically w/o charge (which beats hell out of an auction house!)
And, certainly, there's always e-Bay for coins and stamps. On occasion, you can receive an excellent price for (selected) items. I've not actually dealt on e-Bay, but I check the bids on certain things fr/time to time.
Hope this is of some use to you, happy selling, and FReegards!
If you decide to sell, see post #38 first.
We will do pole beans and squash to put away, the only potatoes that do well in Florida heat are the new potato. Then field beans. We'll be fine!
Good luck again.
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