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The Scuppers This is a new forum for the not necessarily fishing related topics...

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Old 03-24-2008, 02:43 PM   #1
mikecc
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Price of silver

Every time a silver coin came thru the register at the shop I would put it aside.
I was offered 13 - 14 times Face value .
With the silver market going crazy do you think is it time to cash in.

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Old 03-24-2008, 03:32 PM   #2
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How much higher can it go??? Whats it at right now?

Almost time to get our fish on!!!
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Old 03-24-2008, 03:53 PM   #3
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MIKE:

One night last week I was trying to let go of some of my wifes //[stuff] she saved in her top drawer //
I came a cross a old , light diamond setting that she has broken off one of the clasps ;; I threw it in my pocket ;;
Saturday >> I was riding & I stopped @ the jewerlers where I buy my good gifts ;;
Every single person in there was selling except fot one guy ;;
I gave the girl this setting & she wrote a check for $9;;

There was a woman in there selling her settings & keeping the diamonds ><><><

ENJOY WHAT YOU HAVE !!!

MIKE
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Old 03-24-2008, 04:00 PM   #4
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Quote:
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How much higher can it go??? Whats it at right now?
+- each day $17.00 oz
http://www.kitco.com/charts/livesilver.html

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Old 03-25-2008, 07:39 AM   #5
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Mike, it was over $20 as recently as a week ago. I'd hold off if I were you, challenge is to find someone who will give you a fair price. Coins are 90 Ag/10Cu, you shgould be looking for 70% of spot. There were dealers paying 75% of spot for Sterling (92% Ag). For a while gold was over 1000, now it is back in the 900 range.

In a lot of cases, people are unloading stuff they "got" for free so they will settle for 50% of spot price..

“It’s not up to the courts to invent new minorities that get special protections,” Antonin Scalia
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Old 03-25-2008, 10:38 AM   #6
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My wife buys silver to make her jewelry with. She gets it wholesale for the most part. I hear every week what it is. Last three years has been a hell of a ride.

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Old 03-25-2008, 11:30 AM   #7
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If its fine silver, disolve it all in nitric acid and distilled water and sell it as silver nitrate.. you'll make much more $$
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Old 03-25-2008, 06:57 PM   #8
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I just returned 570 pounds of scrap copper and got 2000 bucks

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Old 03-26-2008, 08:10 AM   #9
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Quote:
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I just returned 570 pounds of scrap copper and got 2000 bucks

Well thats a whole parcel of new fishing gear.

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Old 03-26-2008, 08:45 AM   #10
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Thats alot of copper! How long you been stashing that Bob?

Almost time to get our fish on!!!
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Old 03-26-2008, 08:09 PM   #11
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I kept like 1350.00 and gave the rest to a couple of guys I am working with, And it is only one job sense 2 months. I love demo
you get dirty but all I see is dollar signs

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