/biz/ - Business & Finance

>>50003674
>Serious questions to metal stackers - have you ever, ever used it to pay/barter for anything? Have you ever had to sell it for cash in an emergency and how easy was it how much did you lose?
>Nonmeme answers only

I did this a few weeks ago, image is the stack I sold. You can ring up your local jewelers and find out if they buy precious metals. Then barter with them the price. You will be getting it below spot (because they are the middle man and are in it to make money) but I got mine at minus 1% under spot. Usually at established places like Royal Mint they buy at minus 4% under spot, so avoid using places like that. If you're selling above spot, that usually means you've got a proof coin just to the design adding a premium on top. You won't get that unless you go to a coin fair and come across a collector (I haven't done this, but I've seen the prices proof coins go for compared to their original prices when they've ceased being minted).

Hey everyone. So today I decided to sell my gold and silver as I wanted to have a bit of hands on experience doing it. While I have lost money because of selling close to spot, I can honestly say that selling to your local goldsmith/silversmith is way better that sending them to say Royal Mint. The first thing I did was look around the internet for the phone numbers of brick and mortar stores. Yell was fantastic for finding these stores. I gave a few a ring and bartered with them. As expected when selling to a dealer you're going to get under spot, but I managed to get 1% below spot which is way better than Royal Mint who were going to buy my gold and silver for 4% below spot. Everything went super smooth, put my money in the bank and now I'm going to get some double Sovereigns when the money has cleared. Hopefully it will be before the weekend so I can get them while the gold price has halted.

>>49650673
It's so fucking addictive its not even funny.

Ribbit.