Could You SELL Your Silver if it went to $50 or Higher?!?

[@wesleyt4109]

You'll probably have an easier time finding a buyer at $50 than $5. That's just the psychology of markets. Most people buy high and sell low.

[@MD-hd1cp]

Exactly 💯

[@SilverSeeker]

Yup... VERy true!

[@alexiswong1317]

So true

[@0101-s7v]

Very true. When it hit $50, I called the coin dealer and asked if they were buying and they absolutely were.… just not at $50 per ounce. I forget what they were paying but it was much less than half of that.

[@0101-s7v]

I tried to sell some of my $8/ounce silver to a coin dealer when it was $50 per ounce and and they were absolutely not paying spot price. I forget what they offered, but it was less than half of the $50/ounce. It had something to do with inventory catching up to the market fluctuation. Now, if it stayed at $50, they would eventually pay that much, but not during huge fluctuations like that.

[@jeffw1267]

I was a young collector in 1980, when silver went to almost $50, and dealers were buying. I know, because I sold my 90% silver to them. One time, I got $8 for one silver quarter, and $8 then was equal to about $30 today. People go insane when there's a big spike in silver spot, and they want to catch that train no matter how much it costs. $50 in 1980 was equal to about $190 today. Imagine paying $190 for one ounce of silver! And people will do it again when the time comes.

[@edb3877]

I remember those days quite well and agree that there won't be any shortage of buyers at $50, $100, or $200 per oz. silver. What we had back then is sometimes referred to as a "mania" and a lot of people were going nuts over gold and especially silver. But, like all manias, this one ended badly for most people, as they bought in the $30s and 40s and held on too long as silver crashed to $5 an oz. This is the lesson from 1980 as I see it. Never be afraid to walk away from the table with a fat profit. On Wall Street there is a saying that goes like this: Bulls make money, bears make money, but hogs get slaughtered... so, don't be a hog!

[@SilverSeeker]

Thanks for the comment my friend! I LOVE hearing from people that were there, that's the only way I'll know how it was back then so seriously, THANK YOU! Great Comment!

[@brian56]

It's called FOMO! Fear of missing out.

[@scrapyardprospecting3855]

I missed that I remember silver at 7 bucks and ounce don’t ever remember silver above where it’s at today I was born In 73 sooooooo

[@PoorMansInvesting]

I had so many auctions for eBay on Bin Laden weekend. Every single one was bid up appropriate pricing for that $50 spike

[@DLHalverson]

Trade up to GOLD ! That's what I would do .

[@Der0Nibelung]

Beat me by two days...

[@0101-s7v]

Silver will deliver the most profit in the long run because you can get many more ounces for the same dollars. That said, it's a mistake to not have as much gold as you can, but ignoring it, or giving it all up for gold is not a good idea.

[@sdfv4zx]

@@0101-s7v I trade down to silver, trade for a bunch of silver. He should talk about 2011 instead of 1980, what happen to 2011 is that the same as 1980.

[@YHVH1483]

When gold was under 500 im sure people were saying who would buy your gold at 2100 dollars an ounce... and here we are.

[@therealhawkeyeii7888]

Throughout the 1970s, it wasn't uncommon at all to get whole rolls of silver dimes, quarters, and half dollars. My father would bring home rolls of them every week to put in a bowl for me and my siblings to take for lunch money at school. We were always excited when a whole roll would be silver, and we'd divide it up and not spend it. It all got sold in 1980, and yes I stood on those lines outside coin dealers to do so. I don't remember how much back of spot they gave me for mine, but I don't recall being unhappy with the cash I was getting for it.

[@SilverSeeker]

Thanks so much for the extra insight, I LOVE hearing from people that were actually there!

[@lamarravery4094]

I was wondering if people would go to the bank to buy rolls of dimes and quarters around 1980 when silver hit its peak. I was a kid then and had a coin collection, it never occurred to me to go to the bank to hunt through rolls of coins then. I wish someone would've told me to, I could've easily have done that. And a friend's dad showed me the gold coins he had purchased in the early 1980s. He had them in a velvet pouch and he poured them into his hand. I had never seen real gold like that up close before. I don't remember what kind of gold coins they were.

[@jewlsg6378]

Same with my pops, he always told me to look for the pre 64. There was from what I remember when my pops would buy something and get change he would always hand me 2 or 3 silvers out of the change. It was circulating everywhere. Coin roll hinting back then would have been amazing videos for today. Good stuff. Great memories

[@StackWhatYouLike]

From my experience, the higher, the silver price goes the more people get excited about it, so I think there will always be buyers

[@linneisenhower2571]

I lived during the Hunt bros escapade and heard dealers were paying $40 when price was $50, they wanted room as they were suspicious price wouldn’t hold very long.

[@robertbush8327]

IMO, most coin shops will stop buying if it gets that high. But I don't plan on selling unless it's really bad, mine is for retaining wealth and bartering.

[@completezach3279]

Coin shops will buy gold for 2k+ rn, they'll buy $50 silver

[@ItsEverythingElse]

Will they buy $4k gold?

[@Brewdiver82]

@@ItsEverythingElse When gold was only 600 an oz nobody thought anyone would ever buy it at 2200. No matter the price, it will always be bought and sold.

[@BENSTACKIN365]

@@ItsEverythingElse You talk like 4k is alot of money today😂

[@bkturley9964]

They will buy $50 silver, for $35-40

[@Minty.Fresh.Tunes.]

I came here to say this. Then they will take that $50 silver they just bought and turn around and sell it at a high premium to some rube.

[@ReflectiveMetal]

Let’s not forget about your local refineries, I’ve bought and sold with them in the past and they will always buy any amount you have.

[@richardbrennan2913]

So few people even own gold or silver. Plenty of buyers once it starts running

[@SilverDigger-l8o]

And you're absolutely right, I'm old enough to remember that people we're lined up around the corner selling all kinds of family sterling silver in 1980. Everything from spoons to old pocket watches and of course, silver dollars and old colonial sterling coins. Dealers were selling straight to the refineries. So you definitely want to sell on the way up, not when it peaks. First hand.

[@frankj8585]

In 1980 the town I lived in all sorts of businesses were buying silver. There was a shop that sold and repaired washers and dryers that had a sign in his window “WE BUY SILVER”

[@lindathomas2350]

Just 10 minutes ago while I was listening to you I ordered a 10 oz Una and the lion. I've never had anything larger than 2 oz of silver so this was really different for me but I really love that image!

[@0101-s7v]

Feels good, don't it? :-)

[@baldymtngrizz2527]

Back in 2011 our coin shop was selling rounds for a buck over spot and eagles for 2 bucks over. They were always out of stock due to overall demand. It was a crazy time. I think it started the real silver craze

[@Larryandcheryladventures]

We had a store that sold silver chains. We sold them all in 2011. I have some silver coins now that I would sell in a heartbeat at $200.

[@SilverSeeker]

Well timed :)

[@brian56]

Like they say,never fall in love with an investment.

[@edb3877]

@@brian56 Exactly right, Brian. I made that mistake once, got burned, and never repeated it. That's the price of education and it is money well spent... IF you only have to spend it once.

[@don951]

Agree. There is always a buyer, just not at the price you might want or expect. At extreme highs it becomes a game of hot potato with nobody wanting to get caught holding when the bottom falls out. I was a freshmen in high school in 1980 and remember it well as I sold everything silver I had. Back then most people had household items like you said, so it was different. The United States didn't even have a bullion program and coin shops were all about the numismatic stuff. It wasn't even coin shops getting most of the business as popup "WE BUY SILVER" temporary stores were everywhere. It was a mad rush as nobody expected it to last. And of course, it didn't.

[@SilverSeeker]

LOVE LOVE LOVE this comment thank you for the extra insight!

[@TheMostSlyFox]

Retailers have no issue continuing to charge 100$ over spot when gold goes up 200$ quickly.

[@edb3877]

@@TheMostSlyFox Yes, they do but as the buyers we also have something to say about those prices. "NO SALE!" being chief among them.

[@TheMostSlyFox]

@edb3877 tell that to all the fomo pushers and purchasers right now.

[@litigioussociety4249]

Initially, there will always be a large gap between spot or market price and the price buyers will pay when anything jumps up, but someone will always buy with the intent to sell for more.

[@TheMostSlyFox]

So gold jumps up, but people still pay the ripoff prices dealers want of 100$ over 'spot'. When gold falls back down, watch premiums skyrocket as they still want to 'rexoup' their costs, despite making a killing already.

[@bigdaddyhoffman1911]

You should open a LCS or try being a dealer I'm sure you could make a killing...LOL. "NOT"@@TheMostSlyFox

[@litigioussociety4249]

@@TheMostSlyFox Consumers are to blame for that. At the end of the day, if there's no demand to pay higher premiums, then they have to power them. A ruthlessly efficient shop would set the price of everything in their shop to what's most profitable; most shops probably try to go a little lower than that to avoid overpricing, same with most sellers of services and products. I think most of the stackers out here buy from the cheapest site at the time, because they have the lowest premiums, and it's easier to see what's in stock. That's why usually buy rounds, because they'll get down to around 24 dollars total when buying 20 or more, and then I let off when it goes back up. That insures I can sell if needed for what I pay or more within a few months based on overall fluctuations. I would say the primary reason to visit coin shops is for collecting. If you want to buy junk silver, and collect sets of years, it's probably the cheapest way. The average consumer is a fool when it comes to buying anything, which is why larger quantities of stuff are often priced higher per unit, and someone still buys it, or two stores have very different prices, and people who don't shop around pay whatever that store asks; see this on gasoline and groceries all the time. So in the end, it's probably not people like you or on this channel, but the dumb masses that keep the industry inflated more than it should be. The shop owners themselves will also have a similar range of shopping smart with some using wholesalers that are overpriced, failing to buy in quantities that are most profitable, avoiding weak merchandise, not knowing their consumer base, poor location, etc., which is why some businesses fail every year.

[@shiningbright2649]

Imagine if you will a people willing to incorporate new townships where only Money is money and your dollars are no good here.

[@Lee-v7u]

I think that IF silver spot goes up to $50 per oz (or whatever imaginary number) the most important component is your LCS. They will be in control! They may buy, but with any number of caveats. For example; they may not buy any sterling silver or kilo or larger bars. They may limit what they'll buy to a set dollar or weight amount per customer. They may only do so by appointment. They may only accommodate their regular customers... Forgetting about the potential for long lines, I'm not so sure it will be so easy. The moral of my story is; if you do not have a relationship with your LCS you may want to consider starting one. Just in case... I'm not a LCS owner/employee. But I have a relationship with mine. Just in case...😀

[@edb3877]

Good advice, for sure. It's almost always better to have more than fewer options, especially during hard times.

[@jamesrevell6475]

I've tried. Other stackers in my town have tried. The only LCS in my town is an a-hole crook. Our local pawn shops are better than the LCS.

[@pville5548]

Ya know what sux? States that charge sales tax on sales less than a particular dollar amount. Paying 9% sales tax forces me into purchases at just over $2k, so purchases don't happen very often.

[@SilverSeeker]

I agree... Salex Tax on Silver should be illegal!

[@edb3877]

@@SilverSeeker I believe that day will come due to the interest in gold and silver in various US states. Washington state, for example, has a sales tax but does not charge this tax on any form of bullion. The only PMs that get taxed here are things like jewelry, silver dinner ware, silver tea services, etc. Basically, anything made from gold or silver but not bullion or collectible coins.

[@Uduplr]

With Phoenix, Arizona new semi conductor plant, I would imagine silver going up, yet not nearly as high as people think… but after a little bouncing around, I believe it will hit at least $30 an ounce to possibly as high as $33 an ounce.

[@davehenderson7846]

I would only sell if I needed something for a SHTF scenario as a prepper. Maybe get some night vision...

[@mikesemones8333]

Been playing with silver for years,what makes it fun is that it is so volatile and you always have options to buy on the dip and hold and sell for more,can't bring myself to send coins off for melt,unless they are severely damaged,great video.

[@brandonj3058]

I don’t think I would sell at $50 I would start to convert to gold. Stacking is my main way to save

[@markcowan3366]

Would you do that if gold was $4,000/ounce? Gold/Silver ratio matters.

[@brandonj3058]

@@markcowan3366 it depends on how many ounces of gold I had anything under 10 ounces I would hold. Now if we’re talking 100 plus ounces I would definitely sell 20 😂

[@0101-s7v]

It certainly smart to add gold to the pile, if you don't have any, but "converting" it all is a bad idea. Sell some to get some gold if you need to but always keep some silver.

[@brandonj3058]

@@0101-s7v I appreciate the advice it’s definitely something I’ve been thinking about. When I first started stacking I was under the assumption that you wait until the gold to silver ratio became favorable for me to convert. Now I understand it’s ok to buy both

[@billseymourjr5472]

I wouldn't sell it if it went to $200 an ounce. I buy to leave it to my kids when I go to a better place in the sky.

[@anonymous071985]

​@NewSonRising2024 Are you taking city lights into your consideration. As a Kansan I see a lot of stars

[@lindanelson8400]

I ordered a 10 ozt Una and the Lion bar yesterday. Can't wait to see it in hand.

[@tracyhaynes5404]

@NewSonRising2024 the stars still look the same to me

[@toddgwinn8395]

Clouds?

[@frazzledhaloz3184]

Same here….

[@bentnickel7487]

In 1980, I was 31 y/o. What I remember was buying AU common Walking Liberties the year before for $10. a piece, then as silver kept going up I saw BU Franklins and Kennedys by the unopened bank rolls being sold for spot. I held my beloved AU and BU Libs until they doubled in price and then sold a full bag. I bought my first house with the proceeds. Great time to be alive !!!

[@Gerald-d1h]

Your question started out at $50, but your discussion seemed to immediately quadruple to $200. IF silver goes to $50, there are two ways that you could or could not sell it. If the market is regular, slow, gradual, and the price increases, say, over to two-three years to that level, YES, you can sell it. If the market suddenly, say two months-three months, goes to $50, you will have problems moving it. Put yourself in the businessman's place, the coin dealer, and how he has to operate: If there is no reason for the sudden burst to $50, a savvy dealer with funds MAY buy, but it will be so far 'back of spot' that he'd still get to purchase plenty. But you, the consumer, 'stacker', would not get the $50 The dealer would fear for a correction just as abrupt, and he cannot afford to risk placing himself in such a position. He must buy back, and then re-sell quickly to remain fluid, probably at or even below spot. On the other hand, if the first scenario takes place, and there is a gradual increase in the spot price over a period of time, you WILL get to sell your product, and near or at that $50 spot. The risk to the dealer is no longer so prevalent a fear, and he would buy and sell just as he does today. A fair market with increases will see profits to the stacker (look at the past two-years' increases in house prices: and they are still selling) Keep up your interesting videos! It is more fun when you are presenting your data from your phone research, and the topics you choose are most always interesting and thought-provoking. I am sorry that you have to pimp for SD, but realize that it is a source of funds to continue your purchasing and video-making efforts. Thanks for the channel.

[@SilverSeeker]

The reason it went to $200 is because that's what 1980 $50 adjusted for inflation would be today my friend. It was still technically about $50, I was just comparing it to what it was like in 1980. Your explosion to $50 scenarion has happened twice in since 1980 though and in both scenarios what you said didn't happen... people WERE buying. Read the multiple comments from viewers of mine that were there, that were standing in those lines I just talked about in 1980. It EXPLODED to $50 back then and dealers WERE buying, and $50 back then is like $200 today. I explained all this in the video though, not sure why I'm typing it here.

[@RaspingPompano2]

I would hope so but right now we’re using it as a savings account not really an investment. The end of April we’re going to start buying an ounce of gold every month plus a little silver monthly. It’s so much easier to spend cash or use a debit card but there is a process to cash in gold or silver so you’re less likely to do so just to spend it on non essential items and only use it for emergencies purposes.

[@PumpkinKingXXIII]

I would trade 9 oz of silver for 1 oz of gold

[@leswhite3846]

Me too

[@andrewenglish3486]

Sounds like a better deal

[@robertm2663]

Except it's almost 100/1.

[@m.j.a.581]

​@@robertm2663On a manipulated market, yes but thats not the true ratio. More like 8 to 1 or 7 to 1.

[@johnbethea4505]

Back then i bought plenty of silver and silver things. Someone will always buy your silver. A loaf of bread was around 20 cent when silver was $50 oz

[@edb3877]

Yes, I remember buying 5 loaves of bread for $1 and then sharing them with other family members before they could spoil.

[@johnbethea4505]

@edb3877 I worked at the A&P, and Ann Page bread 🍞 always sold their bread for 5 for a dollar for years. Now inflation, which makes the dollar worth less, makes things cost more..

[@bosstone100]

I haven't been stacking long enough for$200 an ounce to be life changing. Now, if the GSR were much more favorable, I would convert a bunch of silver to gold. I'd probably keep my 90%

[@IvanButtkoff]

I’m in the same boat, but prolly sitting further in the back from you.

[@ndbg46881]

I was there in 1980. Understand that silver coins were much more easy to come by back then. I had about 50 silver Kennedy halves that I received as birthday presents in the 60's and 70's. When silver hit sky high, my Dad and I had no problem selling at spot. I was in College and that money went a long way! There weren't lines, silver coins were not an oddity so no one paid attention to them. Just my experience!

[@mandoperthstacker]

I checked with the Perth Mint when I was last there and asked this question. Answer was 'if anyone walked in to the bullion room to sell of any bullion in the metals they accept, they will still accept no matter how high they price gets. Just arrive during physical trading hours' 😊

[@Jrome3]

Easy to sell but if it hits 50, the LCSs will offer 40 - 45 at best.

[@angusmcprepper9379]

I got lucky with the timing of selling my "ugly" silver and gold in 2011. An old ten oz englehard bar, old sterling jewelry, 10 & 14k gold, broken chains, foreign silver, and some junk (constitutional, now called) silver. I'd been stacking for a while by that time. Now, I don't plan on trading any pm for us fiat. I'm 65yo, and MAYBE if I make it to 75, I'll reconsider. Thank you for sharing your knowledge and opinions.

[@1972Russianwolf]

if everyone is trying to sell, prices will go down. The only exception to that rule is if consumers are selling but industry is buying. If the price is up because of increased industrial demand, then the consumer market will have little effect on prices and dealers will be buying it to sell to industries. Premiums may actually go up if that's the case. But dealers will be selling it for more than they buy, that is always true.

[@RandThompson-dd3sk]

In the 80's local car dealers were giving $50 for face value for silver . Cash or deposit/down payment. With HUGE advertising!

[@julieferguson9986]

I will only exchange my silver for fiat money only to spend that money as I need to. The only reason I might cash out a lot is to buy gold if the ratio of gold to silver closes substantially. fiat currency is not really money!

[@RealDealAmerica]

1) Venezuela and other countries will take it. 2) Eventually the electronics industry will inevitably need it. There will always be a demand. JP Morgan possesses over 1/10th of the yearly supply usage.

[@ScottsdaleMint]

We'll still be buying! 👋We've got some new vaults to fill up. States are starting to get into the precious metals game. It's going to be a great decade.

[@SilverSeeker]

Heck yea lets go!

[@Truelegend86]

I enjoy the hobby and while I’m sat here pissed out my face eating a pizza looking at my silver I’m at my best 😂😂😂to the grave it’s going 💪🏻

[@jisskk28]

Who bought gold when it went from $250 to $800+🤪

[@PumpkinKingXXIII]

Central banks

[@scottwilliams5642]

I bought all my gold at 250

[@bobsilver3983]

My boss bought it in the early 70's for $40 something. The 1970's made us old people rich!@@scottwilliams5642

[@Real-lq4fc]

Not many. The masses always wait too late. The same as now. Not many bought silver at $15 or lower. But many bought at $28 In 2020

[@edb3877]

@@Real-lq4fc "The masses always wait too late." Correct! The masses know their job and the title of that job is... bag-holder. I can see a time coming when the bitcoin crowd stay in BTC too long and lose their shirts. Until then, they can make some good money but overstaying their welcome is not advised.

[@al77288]

I plan IF it hits $45( up @ +$20) to trade up to Gold. But only 40% of my stack.

[@TheQuickSilver101]

I'm not going to try to fool myself, I have silver that I'd sell if it hits $50 an ounce. I also have silver that I wouldn't sell for $200 an ounce under the conditions you mentioned. I love silver and I'd never sell it all but I would for sure be willing to sell some to buy more gold. Thank you, Seeker

[@geraldtrudeau3223]

I remember in 1980 my wife and I had some silver pieces that we inherited and it just held on to since we were married. Well, when the price went through the roof we figured to heck was sentimental value. We went for the cash, and we really didn't have any trouble selling it. We ended up with $5,000 in 1980 dollars. It was quite a windfall for us.

[@bradwilliams4919]

It comes down to demand. Someone is wanting to buy it, thus $50/ounce. Supply and demand.

[@dfrozendog3849]

Back in the Hunt Bro.s spike an old black spoon my daughter had in her sand pile sold for 18.00. That was a lot for a young struggling family. That is over 60.00 today.

[@jasonking7729]

I'm "young" enough to remember finding mercs in circulation several times a year. 😅

[@richardmetcalf2346]

In 2011 people had no trouble selling, but buying was brutal on cost dollar averaging.

[@brandonmanks9804]

Just found a receipt for 40-2012 1oz libertads I paid $926.40

[@rufferto5429]

If I could SELL silver for $50 per oz. (or a little less), I would try to sell about one quarter of my stack because that would bring my cost per ounce of the silver I didn't sell down to around $15 per ounce. I figure spot would have to be in the mid-50's.

[@interpolagent9]

First, don't sell to an LCS. Sell small amounts privately. Why would any sane stacker sell to a business? Do business in person.

[@grantog123]

True. I wouldn't want to buy from an individual, though. How to verify?

[@radmirov8541]

@@grantog123 It is very easy to test and verify the authenticity of silver. There are very simple tests one may perform. So yes, selling silver directly to another person is perfectly fine and practical.

[@mmarmrcz6770]

@grantog123 Get a sigma, a scale, and familiarize yourself with the products you're buying.

[@medhead964]

Sometimes you need to liquidate a large amount all at once to cover an emergency, a major bill, or EFFIN TAXES... it's hard to find an individual that can cover 300 ounces or even one AGE these days. There's no real reason to sell small amounts, because if you need to sell small amounts then you shouldn't have bought it in the first place. The only time I've ever sold any of my stack was to fund a down payment for acreage, and it wasn't just a tube of rounds... Luckily my LCS typically has cash on hand for large transactions.

[@robertgarrett7007]

I received a 90% dime in change a couple weeks ago.

[@customer9845]

in 2011, my MIL asked me to find a shop to sell her coffee can full of 90% silver. I didn't check dates because most of it was cull. I received spot for it when spot was $42. My MIL was thrilled with the sale.

[@duckhunter8387]

Sorry i half to ask, what is a MIL?

[@Derek-tk4wf]

@@duckhunter8387 His mom (MIL/f). Obviously Mother-in-law.

[@duckhunter8387]

@@Derek-tk4wf ThxQ

[@FreeAmerican-mm2my]

Depends on what else is happening. Has the dollar collapsed??? Has gold increased accordingly???

[@SilverSeeker]

Agreed as I said in the vid. :)

[@JimmyLicari]

I think that no matter what the market volitality or the dramatic swing in spot prices for precious metals, there will always be buyer's and seller's.

[@Alley-ue8xl]

There is always a buyer forever seller. That is what makes a market

[@ItsEverythingElse]

The issue is never who will buy, the issue is for how much.

[@bujmoose3992]

For it to climb that high, someone has to want to buy it.

[@FrankieJizking-js3yv]

Thank you for information. I thought spot or bid price was the expected price. I only buy pieces that I like to collect but going forward, I will stop buying generic bars and US eagles, because I already have enough examples of them in my collection. Now I have to see if gold is sold the same way.

[@Everything-Street-Outlaws-NPK]

Well I bought a few thousand oz’s in 2015-16-17 when silver was 16.00-17.00 and it’s 32.30 right now and I have sold 100 Oz 3 times in the last week for 35.00 Oz. I’m having NO problem selling it.

[@swilliams937]

As you said, Seeker, as long as dealers can promptly turn it over at a profit (even if primarily to the refineries), they'll continue to buy from the public. If that dried up, then all bets are off. Have a good weekend.

[@chucknplata2261]

The LCS I have sold to in the past ( in Wisconsin ) has paid a $.50 over back in 2014 I think, He told me bring in all the generic you have. Usually over the years he would pay spot for generic. Last Friday I had my son bring Him some generic one ounce rounds and He paid $.25 under spot. Yes I do believe if silver spot even hit $30 or $35 many people would be selling if the could get spot. I know I have some collectors silver I’ve been trying to sell, it’s a tough sell.

[@2manyhobbies971]

I was in 8th grade in 1980. I would buy 90% coins from the kids in school for 5x face. At one point I can remember selling for 22x face. Dad would drive me to a deli that was buying in the next town. I also remember when the price dropped, it went to like 3x overnight.

[@FatherDuck80]

Midas coin shop at the Backlick shopping center in Springfield Virginia had a line of people going around the mall of people trying to sell silver and gold in 1979/1980

[@toddh2000]

Silver won’t go to $200 unless the USD crashes. I own some as insurance, but hope I don’t need it.

[@edb3877]

Right, same with ANY type of insurance. It's there just in case things go badly.

[@user-gt4jz5ps8s]

We're probably gonna need it. JS

[@markcowan3366]

If the dollar crashes and silver goes to $200, milk will be $50/gal lol. We're just screwed at that point.

[@robertgarrett7007]

You can afford $50 milk if you have plenty of precious metals

[@DavidSmith-ox4tu]

In 1980 I was selling $1 silver for $12 at a small convivence store in Tacoma Washington Lincoln district.

[@geraldstone8396]

There's always a premium. Businesses never buy at spot unless they are selling above spot.

[@borisbuliak3626]

How about the 2011 price? LCS losing $ is on their dime.

[@richardmetcalf2346]

You absolutely could sell it! You might have to get back of spot a bit, but I didn't have any problem in 2011.

[@sailfly2869]

What goes up will definitely go down, especially during these times. Nothing is safe.

[@scottmcneill6333]

What I would do and am planning to do is to take a portion of my rounds and melt them making 1/2 oz rounds. Then instead of selling my rounds, I could then sell 1/2 rounds if I needed the money to buy what I wanted or to use for barter. I also am thinking about making 1/4 oz rounds for bartering.

[@Joshua2496-s9k]

Good idea

[@DonaldMerrit]

People are skeptical about buying homemade silver because it's not easy to identify

[@michaelharris6157]

Once It breaks $55 selling at $50 will seem cheap. Dollar is going down and we make very little so it’s a matter of time

[@fringeminority5676]

It would be a hard sell at $50. Only a fool would buy it at an ath. Doubt it would hit $50. Im selling it all if hits $40

[@stephenw1799]

Easy sale in my country, sell at jewellery auctions. 1 OZ rounds and bars are currently selling 30 euro and above.

[@kirbyvacuummadman1814]

I have heard this question before. I think if silver gets to $50.00 per oz. at first some may hesitate to buy, but if it stays at $50.00 or more like gold has held its value over $2,000.00 people will buy again.

[@greglang848]

MY first monster box I bought was in 2011. but selling was never a thought. 2 things matter, buy always for dollar cost averaging and for the long term. You just never know.

[@byteme0000]

Look, it's a supply-and-demand situation. If the demand for silver is higher than the supply, then prices will rise, and those who want/need silver will pay it... regardless of the price. Conversely, if the demand for silver drops because of an oversupply, so will the price. The other reason that the price of silver would rise--the "price" being measured by your country's fiat currency--is because the currency is going down the toilet; again, people will be desperate to get rid of their fiat for gold and silver and will pay the going rate. Edit: Btw, with regard to the point about silver price manipulation by COMEX and the big banks, here is something to consider. At some point, something is going to happen, and one of the parties playing games with derivatives is going to have to demand actual physical delivery of their silver. Watch what happens to the price of silver when that happens.

[@SilverSeeker]

Thanks for the edit, I was just about to comment: "Not necessarily... the spot price is based off of the COMEX paper price, demand for physical stacking "investment" Silver has almost zero effect on it." Thanks for the comment also!

[@indyhitman7538]

Silver hits $200 an ounce and I'll hold it cause at that price I'm pretty sure the dollar has collapsed

[@SilverSeeker]

Well like I said in the video, I'd only sell at $200 if it's NOT because the dollar collapsed. The dollar didn't collapse in 1980, and adjusted for inflation it hit about $200 back then.

[@Uduplr]

Back in 2011 the $41 plus spot/ ounce, I could have received just short of spot from my local dealer. However, prior to making my regular, every other month 800 mile drive to visit my girl friend, I called a Big Dealer in the Dallas, TX area, and they were paying $2 over spot. Yes…I was able to sell a monster box plus for More then Double what I originally paid for it.

[@brianraper8214]

in 2011 there were one long line to buy silver and short line to sell 20 to 1 ...silver was $46.28 that day......

[@myshow667]

im holding out for the 300 an oz we heard about all last year

[@ronaldfauver1469]

😂

[@DaleRaby]

Initially, I think potential buyers would have a "wait and see" attitude. If the silver stayed at that level for a while or started to rise again, you would have no trouble selling it... though I think I would be watching the gold/silver ratio and possibly trading up to gold. Selling it at $50.00/oz would not necessarily be a smart move. A high silver price means that fiat money is worth less than it is now. Moving fast is almost always a bad idea in matters of finance (among other things). If the financial system collapses (quite possible), your silver will still have value eventually, but fiat currency will be gone with the collapse of whatever regime you live under.

[@GregoryLong-zk3ry]

We love to hear the numbers....but , we don't want to face the reality..we'll never even break even.

[@edb3877]

Most people who have stacked for years are already well into the black on their silver and gold. Only those who bought recently at or near a market high are in the red. This is why it is important to set limits on the prices we are willing to pay for things. When something we want exceeds that price, stop buying it and wait for lower prices. Growing our wealth can be a difficult job that lasts most of our lives but it gets a lot more difficult when we are willing to buy at any price.

[@lennyshirty]

depends where you live.... ive more than doubled my money in gold and silver in Australia

[@DonaldMerrit]

I started buying silver eagles in 2012 I believe. I recently sold one of my rolls for twice what I paid.

[@maximummilitiaimmaculataem883]

It’s called a store of value. It will be traded to banks for a brief period to decrease fiat debt, before being made illegal once the CBDC “mark of convenience” system is introduced. It will then be a store of value for bartering for those who do not accept the mark to be able to buy and sell

[@billsalcido7878]

If it gets to $50 would you even want to trade silver to dollars??

[@ericmay8937]

Nope

[@musicman7297]

Nope.

[@al77288]

Gold

[@DS-tt9vz]

Unless I have a better reason than collecting paper I'm holding. Depending on the GSR I would give thought to converting some (not all) to gold.

[@musicman7297]

@@al77288 LOL 😂, if silver hits 50 gold will be 4,000.

[@billdillon3886]

I buy mainly BU junk quarters and halves. In 5 years they have doubled. They have silver and numismatic value. Junk silver is also recognizable, so will be a more acceptable currency.

[@michaelgoldman3812]

Why would anyone sell most of their silver for $ USD's when the dollar will be worthless very soon ?

[@martinmcdade3433]

Intraday silver Jan 20, 1980 reached $52.50, gold $887.50

[@nickelstacking2023]

I remember 1970's , and the inflation. People were still buying at $49. People thought it was going to $100 . I would sell at $200 .

[@MadMaxMFP-dc6kw]

I have never ever had to sell for less than spot on anything. If you have to sell for less then find another vendor you’re getting ripped off. Most dealers have to pay a little over spot even for rounds. Any profit in the coin business is a profit. A lot of dealers buy ahead and then get clipped when silver drops so the have to make up for their loss. Profit margin for reputable dealers is about 2% after costs. That’s not bad because I don’t want to climb into a cave, dig, carry, smelt, refine, box, transport, unbox, set up, sell,package and then report my earnings and get taxed 38%. I just want to go to Casey’s, talk some BS, but my silver and gold, thank him for being there and leave with a smile 😊

[@SilverSeeker]

A dealer friend of mine had a sale the other day... only 25 cents over spot. Do you REALLY think he is ripping people off by paying 50 cents under spot when he was only selling for 25 cents over? That's a 75 cent profit... that's it! He sells a full tube for $600 or so, he makes a whopping 15 bucks! If he was paying spot that drops to $5..

[@R3LI2UI]

Why I look for as many attributes as possible to 'diversify' options that will make my collection worthy of top dollar (average). i.e. semi-numismatic features, low mintage numbers, highest quality product, coinage higher preference over bullion, etc. Other features include details I enjoy; high relief features, historic dates, and so forth. I might sell some of my collection, but would hold on to a percentage so at next drop I could increase stack size.

[@DarinLAllen]

It will be easy once supply and demand correct in the US. Demand in the world is skyrocketing and silver come out of the ground is decreasing.

[@Blue_Siberian]

Informative great show

[@silverbeancounter]

Hmmm. I might try to make trades for cool silver. Or gold

[@gardengirl6799]

My local coin shop, east coast, holds his buying and selling to one person to 50,000 per month. That works for me😊

[@josephnoneofyourbeeswax8517]

If there is a run of people selling silver the price will go down unless industrial demand is up. Supply and Demand.

[@davevideo1]

Dealers are running out of cash right now because many are dumping their silver. I don’t think the average guy is gonna make out no matter what if silver drops they take it off the shelf because they’re not gonna sell for a loss and if it does go up to 50 they’re not gonna pay you that much for it they’re gonna pay in back of spot, in case it drops quick to answer your question it’ll be easy to sell silver if it reaches $50 if you’re willing to sell back of spot. As of today a major online dealer is selling 2024 eagles for 33.00 and buying them back at 26.00.

[@MrCstone1]

I took a 10oz bar to my LCS to sell yesterday and he tried to offer me $24 below spot. He laid out well over 50 to 60 bars ranging from 10oz to 100oz he had in the drawer below the display case and said he had $200k in silver so he wasn't really inclined to buy any right now?

[@atila13561977]

Yes you can sell at $50 or $500 an Oz because by then more people wil be looking to buy and you won't need to sell as many ounces at once to get the money you need. How many people in the US you think are silver/gold stackers, and have substential amount? Very very very small percentage of the population.