Silver and Gold stash

[newmuzzleloader]

Gold has been hitting all time highs lately. It's gone over 2300 several times this week.

 

[kingfish]

These ideas are all very good, but has anyone actually tried selling some? I have never tried, but when it comes to selling a friend of mine did and he was only offered less than spot price. And this was at the local shops that specialize in selling such metals.

 

[Inigoes]

These ideas are all very good, but has anyone actually tried selling some? I have never tried, but when it comes to selling a friend of mine did and he was only offered less than spot price. And this was at the local shops that specialize in selling such metals.

If you want to know what your precious metal stash is worth.

Create an account on APMEX.com, and enter your current holdings. You can enter the purchase amount to see if you are upside down on the present market value.

 

[Ponder_MD]

What I'm reading about silver is that its value is expected to sharply increase due to demand in jewelry, photo-voltaics and EV batteries. Although silver production is expected to increase, demand is still predicted to outpace it. This increase seems dependent on a functioning world economy.

If there is a global economic shock such as a severe recession or perhaps the collapse of the dollar, industrial demand for silver will sharply decline and I expect prices to go along with it. Gold prices will rise sharply.

I saw a chart that showed every economic shock since the Great Depression. Only twice did gold and silver rise together. In every other instance, gold rose and silver fell sharply and recovered later when the economy and industrial demand for silver recovered.

Diversification seems important. Don't put all of your eggs in a silver basket.