Friendly Metal Detecting Forums   The Metal Detecting Show
List all sponsors

Go Back   Friendly Metal Detecting Forums > Everything About Finds > What's the Value?

Reply
  
Thread Tools Display Modes
  #1  
Old 04-13-2011, 09:58 PM
Silver Strike's Avatar
Silver Strike Silver Strike is offline
Elite Member
 
Join Date: Mar 2010
Location: East Petersburg PA
Posts: 1,414
Default Why sell your silver and gold?

I have often wondered why people here and elsewhere are selling off their silver and gold for melt? In todays economy gold and silver are the only tangible currency, not the piece of paper backed by nothing that you are recieving for your precious metals. Me personally, I'm a hoarder of gold and silver, that way when the ***t hits the fan I will have something to bargain and barter with. I know everyone is so excited about silver at $40 per oz. but how will you feel when it jumps to $200+ per oz and you've sold it all off? Those mercs and silver rosies will be a very important asset to all of us someday even though they may only be worth a few bucks now. This is one of the main reasons I took up detecting, so I could add to the hoard and have something later when the dollar is worth but the paper its on. Rant over, continue with your day P.S. STOP MELTING BEAUTIFUL COINS!!!!

__________________
Today's the day. Whites M6
Oldest Find-1781 KG Hibernia

Reply With Quote


  #2  
Old 04-13-2011, 10:06 PM
Greek2Me's Avatar
Greek2Me Greek2Me is offline
Elite Member
 
Join Date: Mar 2011
Location: Mid MO
Posts: 2,935
Default

It's all in the reason you invested in PMs in the first place. Some people are happy with a double or triple in value. Others will never sell it. They will pass it down to their grandchildren or other family members. Everyone is different. I sell when I need quick cash. Different strokes for different folks.

G2M
Reply With Quote


  #3  
Old 04-13-2011, 10:10 PM
dogpound's Avatar
dogpound dogpound is offline
THE JUICE
 
Join Date: Dec 2010
Location: SE PA
Posts: 7,768
Default

i hoard it all

__________________
armed & swingin
CTX 3030

Reply With Quote


  #4  
Old 04-13-2011, 10:15 PM
Neil Diggit's Avatar
Neil Diggit Neil Diggit is offline
Senior Member
 
Join Date: Dec 2010
Location: Auburn, WA
Posts: 479
Default

Originally Posted by Silver Strike View post
I have often wondered why people here and elsewhere are selling off their silver and gold for melt? In todays economy gold and silver are the only tangible currency, not the piece of paper backed by nothing that you are recieving for your precious metals. Me personally, I'm a hoarder of gold and silver, that way when the ***t hits the fan I will have something to bargain and barter with. I know everyone is so excited about silver at $40 per oz. but how will you feel when it jumps to $200+ per oz and you've sold it all off? Those mercs and silver rosies will be a very important asset to all of us someday even though they may only be worth a few bucks now. This is one of the main reasons I took up detecting, so I could add to the hoard and have something later when the dollar is worth but the paper its on. Rant over, continue with your day P.S. STOP MELTING BEAUTIFUL COINS!!!!
Good point. I have quite a bit of silver, some gold. I figure that if I sell all I have is skinkin' paper that isn't worth !!!!.

__________________
White's MXT Pro - 70's Sub Sailor Vet
I "mental detect" at work and don't find anything

Reply With Quote


  #5  
Old 04-13-2011, 10:16 PM
Silver Strike's Avatar
Silver Strike Silver Strike is offline
Elite Member
 
Join Date: Mar 2010
Location: East Petersburg PA
Posts: 1,414
Default

Originally Posted by dogpound View post
i hoard it all

Well I guess I'll have someone to barter with to buy food... I hoard it like a madman...

__________________
Today's the day. Whites M6
Oldest Find-1781 KG Hibernia

Reply With Quote


  #6  
Old 04-13-2011, 10:19 PM
Silver Strike's Avatar
Silver Strike Silver Strike is offline
Elite Member
 
Join Date: Mar 2010
Location: East Petersburg PA
Posts: 1,414
Default

Originally Posted by Neil Diggit View post
Good point. I have quite a bit of silver, some gold. I figure that if I sell all I have is skinkin' paper that isn't worth !!!!.
Nope, not worth !!!!, but silver and gold will ALWAYS be value.

P.S. I "mental detect" all day too. Finding the same things as well

__________________
Today's the day. Whites M6
Oldest Find-1781 KG Hibernia

Reply With Quote


  #7  
Old 04-13-2011, 10:24 PM
fred sanford's Avatar
fred sanford fred sanford is offline
Elite Member
 
Join Date: Jan 2010
Location: Chester County Pa.
Posts: 4,044
Default fellow hoarder

Fellow Hoarder here. I scrap copper. (electrician) I save pre-82 pennies, I save all silver and gold , and I have started hoarding nickels. Price of nickel is skyrocketing. Nickels have nickel and copper. I am with ya on the economy.
Reply With Quote


  #8  
Old 04-13-2011, 10:40 PM
z118's Avatar
z118 z118 is offline
Elite Member
 
Join Date: Sep 2006
Posts: 3,180
Default

If it ever really hits the fan I don't see how precious metals will be worth anything either. You can't eat gold...

__________________
Minelab E-Trac - Minelab Sovereign GT - Bounty Hunter Tracker IV - Tesoro Compadre
Oldest find - 1804 Draped Bust Half Cent

Reply With Quote


  #9  
Old 04-13-2011, 10:46 PM
new jersey andy's Avatar
new jersey andy new jersey andy is offline
Elite Member
 
Join Date: Mar 2010
Location: Central NJ
Posts: 4,173
Default

Originally Posted by fred sanford View post
Fellow Hoarder here. I scrap copper. (electrician) I save pre-82 pennies, I save all silver and gold , and I have started hoarding nickels. Price of nickel is skyrocketing. Nickels have nickel and copper. I am with ya on the economy.
Hey, you copying me? J/K I just started saving nickels also. It is kinda fun hoarding all these different things not knowing when in the future they will be sought after. Everyone I know thinks saving all this stuff is nuts, but in the end we'll all be well off.

__________________
AT Pro/Ace 350/Minelab Sovereign XS 2APro/Garrett PP
2013 Clad Count $45.31:Silver Coins (14) .925 (3) IH's (3) Wheats (95) Buffs (5) LG Cents (3)

Reply With Quote


  #10  
Old 04-13-2011, 10:49 PM
Silver Strike's Avatar
Silver Strike Silver Strike is offline
Elite Member
 
Join Date: Mar 2010
Location: East Petersburg PA
Posts: 1,414
Default

Originally Posted by z118 View post
If it ever really hits the fan I don't see how precious metals will be worth anything either. You can't eat gold...
Gold and silver has had value for thousands of years and will continue, and with the gold you can buy something to eat.

__________________
Today's the day. Whites M6
Oldest Find-1781 KG Hibernia

Reply With Quote


  #11  
Old 04-13-2011, 10:53 PM
z118's Avatar
z118 z118 is offline
Elite Member
 
Join Date: Sep 2006
Posts: 3,180
Default

Originally Posted by Silver Strike View post
Gold and silver has had value for thousands of years and will continue, and with the gold you can buy something to eat.
Yes, but if society as we know it really goes to heck, no one will trade food for a piece of metal. The things that will be worth anything will be the things that have an immediate use - clothing, tools, food, guns. Precious metals are only worth something if there's some sort of functional society / economy that gives them value. Gold is like tulip bulbs, except it makes better jewelry.

__________________
Minelab E-Trac - Minelab Sovereign GT - Bounty Hunter Tracker IV - Tesoro Compadre
Oldest find - 1804 Draped Bust Half Cent

Reply With Quote


  #12  
Old 04-13-2011, 10:56 PM
SniperNinja SniperNinja is offline
Junior Member
 
Join Date: Apr 2011
Location: So-Cal
Posts: 33
Default

The reason i would sell it is for money for a gun and food. So I don't have to barter for my food because I already have it!
Reply With Quote


  #13  
Old 04-13-2011, 10:59 PM
Dustyloins's Avatar
Dustyloins Dustyloins is offline
In memory of...
 
Join Date: Oct 2010
Location: Alamosa, Colorado
Posts: 9,613
Default

Guns are worthless without ammo.......I have a BUNCH!!!!!!! It's not all made in the USA, but if push comes to shove, it won't matter.......

Dusty

__________________
Whites MXT, Minelab X-Terra 705 Gold, Fisher Gold Bug SE, Tesoro Compadre and others-Champagne living on a beer budget-Oldest coin-1623 Spanish 8 Maravedis!!

Reply With Quote


  #14  
Old 04-13-2011, 11:01 PM
Silver Strike's Avatar
Silver Strike Silver Strike is offline
Elite Member
 
Join Date: Mar 2010
Location: East Petersburg PA
Posts: 1,414
Default

Originally Posted by z118 View post
Yes, but if society as we know it really goes to heck, no one will trade food for a piece of metal. The things that will be worth anything will be the things that have an immediate use - clothing, tools, food, guns. Precious metals are only worth something if there's some sort of functional society / economy that gives them value. Gold is like tulip bulbs, except it makes better jewelry.
Preperation is 9/10's the battle your proposing

__________________
Today's the day. Whites M6
Oldest Find-1781 KG Hibernia

Reply With Quote


  #15  
Old 04-13-2011, 11:03 PM
Andrew1776 Andrew1776 is offline
Junior Member
 
Join Date: Aug 2010
Location: Hudson Valley, NY
Posts: 99
Default

I always find it funny that we place so much value in what are essentially nothing but rocks and metal lol
Reply With Quote


  #16  
Old 04-13-2011, 11:06 PM
Dustyloins's Avatar
Dustyloins Dustyloins is offline
In memory of...
 
Join Date: Oct 2010
Location: Alamosa, Colorado
Posts: 9,613
Default

Yup, a gun and a bullet have a defined value.....someone's life. No dickering over that. I've got some pretty polished rocks.....wonder how much food those would buy me????

Dusty

__________________
Whites MXT, Minelab X-Terra 705 Gold, Fisher Gold Bug SE, Tesoro Compadre and others-Champagne living on a beer budget-Oldest coin-1623 Spanish 8 Maravedis!!

Reply With Quote


  #17  
Old 04-13-2011, 11:15 PM
fred sanford's Avatar
fred sanford fred sanford is offline
Elite Member
 
Join Date: Jan 2010
Location: Chester County Pa.
Posts: 4,044
Default funny

Originally Posted by Dustyloins View post
Yup, a gun and a bullet have a defined value.....someone's life. No dickering over that. I've got some pretty polished rocks.....wonder how much food those would buy me????

Dusty
Reply With Quote


  #18  
Old 04-13-2011, 11:45 PM
Silver Strike's Avatar
Silver Strike Silver Strike is offline
Elite Member
 
Join Date: Mar 2010
Location: East Petersburg PA
Posts: 1,414
Default

There is a place for guns and a place for barter. When I have all the food, clothing , guns, ammo and tools I need I'll trade you for your gold, then when " there's some sort of functional society / economy " restored I'll be livin the good life by the "golden rule". You do know the golden rule dont you?

__________________
Today's the day. Whites M6
Oldest Find-1781 KG Hibernia

Reply With Quote


  #19  
Old 04-13-2011, 11:54 PM
Dustyloins's Avatar
Dustyloins Dustyloins is offline
In memory of...
 
Join Date: Oct 2010
Location: Alamosa, Colorado
Posts: 9,613
Default

Originally Posted by Andrew1776 View post
I always find it funny that we place so much value in what are essentially nothing but rocks and metal lol
We do that now because we can afford to do it with the way society is set up. Gold and silver did not start out as money. It was first used as jewelry and art objects, usually objects of worship. The "money system" was largely based on the "barter system" (trading something someone else wants for something you want). Roman soldiers, the best in the world for centuries, were paid in salt.

I can see the day coming when someone says, "I'll trade you a roll of toilet paper for a bottle of beer"......

Dusty

__________________
Whites MXT, Minelab X-Terra 705 Gold, Fisher Gold Bug SE, Tesoro Compadre and others-Champagne living on a beer budget-Oldest coin-1623 Spanish 8 Maravedis!!

Reply With Quote


  #20  
Old 04-13-2011, 11:56 PM
dmulk dmulk is offline
Full Member
 
Join Date: Oct 2010
Posts: 196
Default

I know SILVER bullets work well on Werewolves and some say Vampires.... but now that we are on the topic.... I'll go ahead and go there....

Do SILVER bullets work on Zombies?

Reply With Quote


Reply


Thread Tools
Display Modes

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Do must of you sell the gold and silver rings you find or keep them. StoneDef7 General Hobby Discussion 29 08-30-2013 08:11 PM
Best place to sell gold/silver Thousandstar What's the Value? 15 08-04-2011 01:20 PM
Where to sell gold rings and silver dimes luked What's the Value? 2 03-09-2011 04:38 PM
I want one of these, even if I have to sell all my gold & silver Rudy What's the Value? 15 10-16-2010 07:42 AM
Best way to sell my gold??? Dinger51 What's the Value? 13 11-16-2008 04:02 AM


All times are GMT -4. The time now is 08:17 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2021, vBulletin Solutions, Inc.