When To Sell Silver And Gold? (Cuando Vender Plata y Oro)

http://www.wealthcycles.com When is it time to sell precious metals? A great question from Economy Vs State

See his question here: http://www.youtube.com/watch?v=XFUkjTWG6KM

(Cuando Vender Plata y Oro)

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[TOC359]

Great advice.....

[whygoldandsilver]

@TOC359 Thank you

[solgoode1]

I am trying to find out where to sell my silver when the time comes. What organization specifically does a person take their physical silver to in order to sell it?

[whygoldandsilver]

@solgoode1 A bullion dealer, a coin shop, possibly a bank (!?), online brokers, maybe your mechanic, your barber, your real estate agent......who knows?

[trumpsahead]

My silver dealer insists the best way to buy silver is Mint Condition Coins that have a Premium placed on them. The coin dealer says you would get a premium Over spot price when you redeem them.

When we're in Depression & silver is $250 oz & currency of choice, how does silver keep its mint condition when used in daily transactions? & who would give a damn whether coins are mint or not and pay Over spot price as dealer suggests?

Isn't it Wiser to buy Used/Not Mint coins and save the Premium?

[whygoldandsilver]

@trumpsahead forget numismatics and buy bullion. silver is silver, gold is gold

[whygoldandsilver]

@CaribbeanSkies Gold was trading at $253 less than 10 years ago, and $35oz not that long before. It's now $1270, but nobody is having any trouble selling. The same question could have been asked of gold back then.

[TWSceptic]

@brickford27 No, when you sell at the right time, paper money will still buy things like cheap stock/houses/land etc. In case of hyperinflation, your gold will be worth a lot and anyone will want it as money. You should be able to buy anything at low price relative to gold. That's what we know from history. Gold will always have value, but you have to look out for when the bubble bursts of course.

[TWSceptic]

@stormspottter They'd still have to pay you for it, they can't just take it. But since the government will probably not go back to gold standard, you don't have to worry about that.

[stormspottter]

Is there a point to hold gold? I know gold will increase in value but iisn't there a possibility that gold will be nationalized again like in 1933

[e36killer]

I so totally agree!!! White isn't black, unless white is back, at which point they're gray, at which point gray is neither white or black!!!!! What a genius!!!!!!!!!!!

[Napoleon1Blownapart]

@trumpsahead there is also tax advantages to buying us coins...if the price of silver goes up..the govt can't make you pay taxes on the gains b/c the minted coin is considered legal tender...if you have bullion, you will get a 1099 in the mail....you also pay sales tax on bullion in addition to the premium on spot...no sales tax on silver eagles...

[AK410]

To find out when I should sell my silver and what you guys are doing as mentioned in the beginning of the video, how should I come about this information. Do I subscribe to a newsletter service or something silver or do I have to buy bullion from you etc

Also, what is the difference in the advice from GS as compared to advice if I buy a subscription to Wealth Cycles?

Regards,

Andre

[randytate]

@trumpsahead Numismatics aside - minted coins might be slightly more liquid in the open market than bullion rounds, especially to non-bugs shop owners. Personally, I do not see us reaching a Mad Max - Beyond Thunderdome style society but the layperson is probably more likely to trade two bottles of premium grade vodka for a Silver Eagle than an APMEX round.

[brickford27]

who would you sell to when the moment comes? whos gonna have the money? and won't the money be worthless crap?

[Overfl00d]

Why would i sell my gold and silver, since the dollar is going to collapse?

[hexstaticleon]

@solgoode1 to be honest... you would be able to sell it to almost anyone. But in my opinion (and many others) you could look to trade your silver for real estate :-) silver will be at its peak, real estate will be at its bottom :)