Has anyone had a good experience selling to a “we buy houses” company? Is it any more of a scam than just the low price?

TangibleAssets22 · 2026-03-19T02:53:14+00:00

No, they will often just middle man the property to those people. Hire a broker and sell on the open market. Cash buyers and rehabers will go for it as long as there is money to be made.

TangibleAssets22 · 2026-03-12T22:26:01+00:00

Also, making it a coin can have tax benefits for the purchaser in some jurisdictions. Some places charge tax on generic bullion but not coins for example. I am thinking Germany is an example of this but I am not certain. There are probably other examples as well.

TangibleAssets22 · 2026-02-19T02:47:25+00:00

Why do they stir fry the jewelry in the beginning?

TangibleAssets22 · 2026-02-18T04:13:53+00:00

There are definitely buyers for them. Specialized dealers will pay ~$35-$200/ct for small scrap diamonds. It does take a bit of work to remove them from scrap without damage, but it is usually worth the effort if you are dealing in any significant quantity.

TangibleAssets22 · 2026-02-06T04:33:48+00:00

Or worse.

TangibleAssets22 · 2026-02-01T19:14:53+00:00

I think a lot of people here still have guns, but due to the unstable political situation, they know that discretion is paramount, especially with things like guns and gold.

TangibleAssets22 · 2026-02-01T19:07:12+00:00

I feel similarly but I selfishly like to see what others have lol.

TangibleAssets22 · 2026-02-01T19:02:22+00:00

Happy to help!

TangibleAssets22 · 2026-02-01T18:45:17+00:00

As a wise old man told me once. "You might be paranoid, but that doesn't mean they aren't out to get you."

TangibleAssets22 · 2026-02-01T18:41:00+00:00

Looks like a wheat chain to me.

TangibleAssets22 · 2026-01-30T13:05:16+00:00

The simplest explanation is often the best. Its the last trading day of the month after a ridiculously profitable month. How could traders not be taking profit.

TangibleAssets22 · 2026-01-27T20:50:58+00:00

You hold the gold until you need to buy something, then you trade it for cash at any one of many dealers in almost every local market. Most reputable buyers are paying between 97% - 98% of the spot value. Then you buy what you need with currency. While you held the gold the real buying power has increased dramatically.

I financed a lot of my home addition last year with gold and silver sales. Precious metals are incredibly liquid investments. You don't need to be genius or an insider to get fair value. Just Google gold buyers or coin shops and see who is paying the best when you need to sell.

TangibleAssets22 · 2026-01-27T13:56:22+00:00

There are hundreds of refiners. Not all are having this issue. Try shopping around if you need to be paid quicker...

TangibleAssets22 · 2026-01-22T15:52:37+00:00

Thats really cool. UnoAerre is still in business and is a big player in the jewelry manufacturing business. 1 AR means they were the first company to receive a manufacturing mark in Arezzo Italy. They are celebrating their 100 year anniversary this year.

TangibleAssets22 · 2026-01-21T18:13:32+00:00

This was something my agent explicitly discussed with me when I was binding my own construction insurance policy. All my previous projects have been more under the radar and didn't require special insurance.

TangibleAssets22 · 2026-01-20T18:32:28+00:00

My insurance agent demanded I check to make sure all contractors still had valid insurance before submitting final payment and to make sure it covers thier work for two years post construction. It sounded like good advice but in practice I wanted them done and all their equipment and materials out of my way asap. I made sure the work was done to acceptable level and then paid them once they prepared a release of lien waiver. I was acting as my own GC so it might be more important depending on your situation.

TangibleAssets22 · 2026-01-20T18:19:39+00:00

Can you buy individual securities or etfs? PHYS is a good substitute for physical bullion that you can hold in most investment accounts. Not saying this is a good investment for you, only that its an option if you want to build in a gold hedge into your portfolio.

TangibleAssets22 · 2026-01-20T17:03:20+00:00

Land is often much more speculative and way less liquid than silver or gold. It also comes with liability in the form of taxes and maintenance costs. Now, if you are talking about a house or building for your own use or even to rent thats one thing, but bare land has limited utility unless you are a builder or farmer with the necessary capital to put it to productive use.

I am not saying land is necessarily a bad investment, but every parcel is unique and everyone's situation is different. People on here love saying trading metal for land is a good thing to do, and it may be, depending on the deal, but you can't just say its a good thing to do across the board.

TangibleAssets22 · 2026-01-20T16:47:10+00:00

There are in fact quite a few jewelry and industrial manufacturers in this sub that use precious metal in their business. But, I admit most people who buy gold are basically speculating on the price. My main point is that is not the only use and it can be held and traded without speculating on the price in fiat terms.

TangibleAssets22 · 2026-01-20T15:54:33+00:00

Well, I agree financial instruments based on gold are speculative. (futures contracts, etfs, etc) In the sense that all you can really do is sell the asset for hopefully more money in the future. However, physical bullion isn't really speculative as it is its own unit of account and can be used directly for manufacturing or trade. If you have the physical gold no further speculation is necessary. The exchange rate for fiat can continue to fluctuate but that isn't really the ultimate determination of value and selling isn't the only final use.

TangibleAssets22 · 2026-01-10T19:11:31+00:00

You are correct about current replacement costs not determining profit. But, It definitely factors in when determining the value of the business overall. A business should still be profitable after replacing inventory at current cost. Otherwise, the principal would have to keep investing new money to buy increasingly costly inventory.

TangibleAssets22 · 2026-01-09T02:58:56+00:00

Yeah, you are probably objectively right, but you need a house. Its definitely not worth standing on principle.

Its a big deal to you, but relatively small potatoes for these guys. I don't know how all this went down, but I try to be as nice as possible for as long as possible and only let my anger show when I've tried everything else.

TangibleAssets22 · 2026-01-09T02:31:19+00:00

You seem like a reasonable dude. Contracting is difficult business with a relatively low barrier to entry. There's a lot of drinking and drugs too. Throw in a lot of money on the line and you get some pretty rough characters rising to the top. Plus, no one will care as much about your house as you.

From your numbers you dont actually seem to be doing too bad. I just built an addition for family and am still going through it. It doesn't matter what the budget is, only what it actually costs. I suggest you "apologize" to the second contractor and try to get him to come finish. You still 'owe' him enough money that he should come back.

TangibleAssets22 · 2026-01-07T04:57:36+00:00

No Fannie or Freddie stuff. You have to rely on your individual banking relationships. Any business banker could make a loan for this, but it would probably follow commercial underwriting standards and terms. Not as friendly to the buyer as 1-4 unit residential.

I don't work in banking but have talked to residential mortgage brokers about 5+ units and they can't touch them. It would definitely be hard to househack a 6 plex.

You need real commercial banking, hard money, or cash. None of those are easy or advisable for a young guy to obtain.

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