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                    [title] => Selling Silver Flatware for a Profit
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selling silver flatwareSilver is so shiny. I once stole a silver spoon from my roommate because I had a suspicion he charged me unfairly on the air conditioning bill -- he averred that he kept his air conditioner to low all the time and that since I kept mine on high I should pay more. I'm over it now that I got that silver spoon. I was planning on selling silver flatware once silver hits a new high, which should be any day now.

Gold keeps rising yet silver has remained relatively stable despite the crash of the market over the past couple of weeks. I have a bad feeling about the stock market. I think it's going to crash another thousand points or so over the next month. That's when I'll sell all my silver, when it's at its peak.

Patience is important when it comes to making money. The smartest and most patient people know when the time is right to strike, to buy and sell silver. I model myself after them. Selling silver is a good way to make some quick extra cash. I enjoy surrounding myself with those shiny bars, that will soon become piles of cash.

 

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sell silver jewelryThe markets are very volatile these days. The Dow Jones was up and down around 4% a few days this week, which means that now is not the time to invest in risky assets. The price of gold went over $1700 for the first time ever. The best thing to do is start hoarding cash and paying off debt, which is what big companies and many individuals are doing in a process called deleveraging.

A good way to gather extra cash is by selling silver. You may have silver and not even realize it in the form of silver jewelry and silver flatware, and it may be sitting there collecting dust. The price of silver per ounce is hovering around $40, which means that if you want to sell silver jewelry or a couple of spoons in your drawer you could have next week's groceries paid for.

Unfortunately, all signs point to another recession, which means hard times ahead. Monetary policy won't be able to help either, this time. But since most people have already learned a few lessons from the downfall of a few years ago, and have begun reorganizing their financial statements, perhaps the fall won't be as hard or as deep. Whatever happens, selling silver is just another way you can protect yourself.

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sell silver coinsWith gold at record highs thanks to the re-emergence of what looks to be a debt crisis, would it make sense to revert to a bimetallic standard? First off, why silver and gold, over, say, rubies or diamonds?

Well, it begins with composition.  These elements are on the periodic table. They are also relatively inert, and can be easily melted into purification. And they are both rare, although gold is more so than silver. The value of  gold and silver works against inflation, since there is only so much of it in the earth's crust while paper money can be printed on demand.

Since the U.S. has abandoned a bimetallic standard, the world market has become much less stable. Wouldn't it be easier if we all started selling silver jewelry and exchanging our cash with the Treasury for gold and silver, the way it used to be?

There's no way of telling yet. Even if a double dip recession is in the immediate future, it will be a while before such a reversion takes place. All I know is that I'm going to start selling silver coins and flatware for cash. Now's the time to get a return on all the precious metals I already have.

[author_id] => 2 [date_published] => 2011-08-04 11:13:00 [date_added] => 2011-08-03 20:13:46 [date_updated] => 2018-11-06 09:07:49 [status] => pub [tag] => Array ( [0] => Selling Silver ) [comments] => Array ( ) ) ) )

Selling Silver Flatware for a Profit

Silver is so shiny. I once stole a silver spoon from my roommate because I had a suspicion he charged me unfairly on the air conditioning bill -- he averred that he kept his air conditioner to low all the time and that since I kept mine on high I should pay more. I'm over it now that I got that silver spoon. I was planning on selling silver flatware once silver hits a new high, which should be any day now.

Read more →

Sell Silver for the Double Dip

The markets are very volatile these days. The Dow Jones was up and down around 4% a few days this week, which means that now is not the time to invest in risky assets. The price of gold went over $1700 for the first time ever. The best thing to do is start hoarding cash and paying off debt, which is what big companies and many individuals are doing in a process called deleveraging.

Read more →

Why I Want to Sell My Silver

With gold at record highs thanks to the re-emergence of what looks to be a debt crisis, would it make sense to revert to a bimetallic standard? First off, why silver and gold, over, say, rubies or diamonds?

Read more →

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