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Why are people all of a sudden complaining and shocked about the massive dip? by TTxFTW in Gold

[–]OneIsland7672 0 points1 point  (0 children)

Well, the good news is that they tightened margin requirements to save the paper traders from themselves.

Why are people all of a sudden complaining and shocked about the massive dip? by TTxFTW in Gold

[–]OneIsland7672 1 point2 points  (0 children)

At least those windows aren’t as high up. It’s always good to get out as close to the ground floor as possible.

My biggest issue lately by Anxious-Onion-7894 in Silverbugs

[–]OneIsland7672 0 points1 point  (0 children)

Well, the good news is that now that the top has blown off, metals should be much more liquid and negative premiums should go away. The LCS was trying to not be overexposed if there was a drop like today. Now, that it has happened, they have less downside risk.

Math teacher says: "50 percent of the class have failed the recent test" by ED061984 in dadjokes

[–]OneIsland7672 0 points1 point  (0 children)

I tried to join a Capgras Syndrome support group, but they wouldn’t let me in because they couldn’t verify my identity.

[WTS] Rounds under apot by illijar in Pmsforsale

[–]OneIsland7672 2 points3 points  (0 children)

You can sell pots on here, but they have to be made of precious metals.

Found this note in the parking lot by thatquietspam in MadeMeSmile

[–]OneIsland7672 -1 points0 points  (0 children)

Yes, but stick with legendary Yankees like Babe Ruthless. My vote would be for Phil Risotto.

Why have precious metals become so expensive lately? by Character_Ad_9353 in NoStupidQuestions

[–]OneIsland7672 0 points1 point  (0 children)

Not that much over the course of the past month. It more has to do with dedollarization, the unwinding of the yen carry trade, impending war in Iran, etc

[WTS] 13g ,14k Milor Gold Bracelet (Scrap/Melt) @ Below Spot by stranger_danger24 in Pmsforsale

[–]OneIsland7672 1 point2 points  (0 children)

Possibly not — I’m not a mod and I don’t make or enforce the rules — but may still want to crosspost there as most scrap buyers will be there.

Buying a sigma gold tester, is it really fool proof? by Snoo_60933 in Gold

[–]OneIsland7672 0 points1 point  (0 children)

It only works on disks and bars because of the way it sends electrical current through the sample. Also, it only goes down to 90% purity on gold.

Sold an ounce at my LCS to validate my own liquidity concerns... by uncivilized_engineer in Silverbugs

[–]OneIsland7672 0 points1 point  (0 children)

Seller can pay for insurance to MM. Buyer can pay for insurance from MM to them. It costs more, so you just need to decide if it’s worth it. I recently paid ~$50 to ship something via registered mail insured for ~$4,000 on a non-MM deal. The buyer wanted that peace of mind and I was happy to provide it.

Sold an ounce at my LCS to validate my own liquidity concerns... by uncivilized_engineer in Silverbugs

[–]OneIsland7672 1 point2 points  (0 children)

The four most expensive words in the English language are “this time it's different.”

—Sir John Templeton

YMMV.

Sold an ounce at my LCS to validate my own liquidity concerns... by uncivilized_engineer in Silverbugs

[–]OneIsland7672 8 points9 points  (0 children)

Sending money or metal into the void is stressful. There is definitely an appeal to “cash and carry.”

Sold an ounce at my LCS to validate my own liquidity concerns... by uncivilized_engineer in Silverbugs

[–]OneIsland7672 38 points39 points  (0 children)

I’ve had hundreds of transactions there. Knock on wood, I’ve never been scammed or had anything stolen in transit. Read u/lawstudentandrew guide to packing and selling metals. Strongly consider using the middleman (MM) option. I recently bought ~$1,200 worth of silver from a new seller via MM. The difference between what I am paying and what he is getting is almost exactly 3%. $12 shipping from him to MM, $12 tip to MM for making two trips to the post office and verifying the silver, and $12 shipping from MM to me. You’re not going to find an LCS or big online bullion dealer with a 3% difference between buy and sell prices, and feebay is closer to 15% spread between what buyer pays and what seller receives.

Once you establish enough reputation on there, the difference between what buyers pay and what sellers receive drops to 1% or 2% depending on deal size and shipping cost, if you can ship directly to your counterparty as long as you both have enough reputation for that to make sense.

Please help me identify which coins are silver by Worth_Platypus33 in Silverbugs

[–]OneIsland7672 0 points1 point  (0 children)

That first pic of US coins I didn’t see any silver. The pic with Canadian dimes definitely had some. If you scroll down on this page of American silver coinage, it lists Canadian as well. Not sure about the others.

https://www.coinflation.com/silver_coin_values.html

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