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HonestMoneyGoldSilver

Platinum Premium Member
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  1. Super Like
    HonestMoneyGoldSilver reacted to stefffana in Sterling silver Wallace grand baroque   
    It is a nice set, indeed, but usually difficult to sell. The people who are interested and can afford to buy a full set are only very few, unfortunately. There are many sets advertised online on antique websites or auction houses for big prices, but are not selling, even in years. 
    The person who will buy your set will buy it to keep it in family as a heritage for children.
    Your set is made by a well-known silversmith and is complete, so this is a good start.
     
    Options for you:
    1. Split the set and sell them individually on Ebay. They will sell probably @10% over spot. After deducting the fees, the result is under spot. Don't do it.
    2. Sell the set to a bullion dealer. They will pay @15% under spot. Don't do it.
    3. Contact an auction house. Maybe they will sell it @30% over spot. After deducting their 35% fees, the result is under spot. Don't do it.
    4. Try to sell at forum as a set. I am sure you will find someone willing to pay 10%-15% over spot. I don't think you will be able to achieve more, unfortunately. 
    I know, usually the expectations are higher, especially seeing online prices for similar articles, but from my experience silver flatware/tableware will not sell for more. 
    Good luck with whatever you will decide to do!🤗
  2. Haha
    HonestMoneyGoldSilver reacted to stefffana in I don’t believe in silver   
    Yeah, we know that! I've seen you playing with @James32 some silly games recently... 
    Always be careful when James is throwing kilo bars, mate! You are not the first one who was hit hard by his silver!
    Just sayin'....😊

     
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  5. Haha
    HonestMoneyGoldSilver reacted to James32 in Gold Monitoring Thread £ GBP only   
    Ouch, so she's a munter?
    @katyc you're out.
    @CazLikesCoins helllllo
  6. Haha
    HonestMoneyGoldSilver reacted to BullionMan89 in Gold Monitoring Thread £ GBP only   
    It’s amazing what those filters can do these days
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    HonestMoneyGoldSilver reacted to BanjoJeff in Hello TSF   
    I've been a small-scale stacker for a while but, as I expect is the case with many, the recent market movements have got me reinvigorated. I found TSF in amongst various bits of searching and reading and it looks like a nice community. I'm hoping to do some buying and selling in the future.
    Outside stacking I'm a software engineer and like to act on small, silly ideas. Recently I had the idea of keeping some gold and silver in a treasure chest and I now have a tiny (<10cm per side) iron-bound chest with sovereigns in and that makes me smile.
  11. Haha
  12. Super Like
    HonestMoneyGoldSilver reacted to katyc in Gold Monitoring Thread £ GBP only   
    While there's fair reason to believe USA won't bring rates down soon (because inflation is so high and everyone is buying shares, blindly jumping on the bubble wagon making everything look rosy), the gov's own debt is costing crazy money (1 trillion) - they really need rates to come down. So it's difficult to predict.  Rate drops will cause a boost in lending, then boom the economy, hence further explode inflation. So then they may put rates UP - and then we have the 1970s situation (where gold - and especially silver) absolutely crash medium term (liquidity crisis), but then they will explode to the moon, the sun, then a galaxy far faaaarrrr away.
    That situation could happen over months - possibly even years.
    But who knows what could happen in the meantime? Oil could easily double with current world nonsense, which would cause a very quick, severe hike to inflation, which would be guaranteed to lead in to recession - probably a depression - with rate drops and gold mooning much sooner.
    Or banks collapse and everyone panics....
    Or the USA finally tell the truth about job numbers (and stop counting one person with 5 jobs to make ends meet = 5 employed people). That boils my p*ss that one!
    and so on...
    Whatever happens the only way is up for gold over the long term. The whole world is one giant cluster f... and there's only so long you use Polyfilla to hide a crack in a dam. 
    Long story short: I have no clue. But moon is coming either way!

    If you made it this far. Congratulations.
  13. Haha
    HonestMoneyGoldSilver reacted to Shuaib121 in Gold Monitoring Thread £ GBP only   
    @James32 I notice you changed your pfp to an Irish lion, everyone knows Ireland’s most dangerous animal is a seagull. Reported for geographical inaccuracy.
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    HonestMoneyGoldSilver reacted to andyaclean in Hello   
    I'm a new member here from S Wales ( the original one )and not very savvy regarding forums and the like but this looks like a useful forum for a small time stacker/collector like me to join and hopefully contribute too
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    HonestMoneyGoldSilver got a reaction from Aldebaran in I don’t believe in silver   
    The Pearson's correlation coefficient (r) measures the strength and direction of the linear relationship between two variables (the prices of gold and silver). A correlation coefficient of 0.7 to 0.85 indicates a strong positive linear relationship between the two variables, meaning that as the price of one metal (gold) increases, the price of the other metal (silver) tends to also increase and vice versa
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