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Serious intelligent question concerning silver. Have you thought of this?

 
Anonymous Coward
User ID: 78767952
Germany
01/31/2021 09:47 AM
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Serious intelligent question concerning silver. Have you thought of this?
I own a considerable amount of physical silver. I bought most of it back in 08 from a bullion dealer in OK city.

For sake of argument let's say that silver goes $1,000 an oz. I'm sitting on over $10 million in physical then.

I personally don't want to ship my silver back by FedEx or UPS though I understand people ship valuables worth more than that everyday by them, I can get insurance, etc...

Now I'm a Lifetime Platinum member and have Concierge service with this bullion company. I plan on calling them tomorrow to get an answer to my question

Ok city is 6 hours away. I can easily drive the distance but here is the question:

Will they allow people to physically deliver their silver or will they only receive it by a shipping company?

You can sell it back to any company. If one is close to you will you drive it yourself or trust the shipping companies?
Anonymous Coward
User ID: 65942580
United States
01/31/2021 09:49 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
you can insure it.
Anonymous Coward (OP)
User ID: 78767952
Germany
01/31/2021 09:50 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I've shipped/sold gold/silver back to them plenty of times before but never in this quantity or value.
Anonymous Coward (OP)
User ID: 78767952
Germany
01/31/2021 09:51 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
you can insure it.
 Quoting: Anonymous Coward 65942580


Yes, as I stated in my post I can insure it. I don't really want the hassle of having to deal with that.
METELLYOUNOW

User ID: 79636302
United States
01/31/2021 09:54 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Ship it in smaller segments.

You could also afford to have a armed security company transport it, if you hold until it's worth 10 million.
Anonymous Coward
User ID: 78780148
Germany
01/31/2021 09:55 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
With the hype concerning the possibility of silver becoming more valuable I am throwing out a potential scenario that people may need to think about. This isn't crypto or stocks you can return online. It's physical that has to be transported.
METELLYOUNOW

User ID: 79636302
United States
01/31/2021 09:56 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Do you realize that there are people on this website, that can track you down? I wouldn't be advertising that you have that much material wealth at your residence.
Anonymous Coward
User ID: 78780148
Germany
01/31/2021 09:56 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Ship it in smaller segments.

You could also afford to have a armed security company transport it, if you hold until it's worth 10 million.
 Quoting: METELLYOUNOW


That's something I did not think of. Good suggestion.
Anonymous Coward
User ID: 78780148
Germany
01/31/2021 09:58 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Do you realize that there are people on this website, that can track you down? I wouldn't be advertising that you have that much material wealth at your residence.
 Quoting: METELLYOUNOW


Well they'd have to assume where I'm posting from now is where I live. Not even close. I'm in a crash pad apt in this current city. Physical is stored in a different state.
Prayandprepare000

User ID: 78116487
United States
01/31/2021 10:01 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Sell in person only. Take a cut at a local dealer versus insured shipping to a big company that pays more.

As Lynette Zang always says, if you don't hold it, you don't own it.
Anonymous Coward
User ID: 79497457
Mexico
01/31/2021 10:02 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
There will be local traders that will buy it. You'll have to sell it low but it's a lot less hassle. They have to make money to live so that comes out of what you get. If you sell a lot at once, they'll give you a better deal.
REaliZe

User ID: 79267289
United States
01/31/2021 10:02 AM

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Re: Serious intelligent question concerning silver. Have you thought of this?
Do you realize that there are people on this website, that can track you down? I wouldn't be advertising that you have that much material wealth at your residence.
 Quoting: METELLYOUNOW


Sad, but true.
There's. A. H0le. In. The. Sky.
Anonymous Coward
User ID: 79977867
Romania
01/31/2021 10:04 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I own a considerable amount of physical silver. I bought most of it back in 08 from a bullion dealer in OK city.

For sake of argument let's say that silver goes $1,000 an oz. I'm sitting on over $10 million in physical then.

I personally don't want to ship my silver back by FedEx or UPS though I understand people ship valuables worth more than that everyday by them, I can get insurance, etc...

Now I'm a Lifetime Platinum member and have Concierge service with this bullion company. I plan on calling them tomorrow to get an answer to my question

Ok city is 6 hours away. I can easily drive the distance but here is the question:

Will they allow people to physically deliver their silver or will they only receive it by a shipping company?

You can sell it back to any company. If one is close to you will you drive it yourself or trust the shipping companies?
 Quoting: Anonymous Coward 78767952


Don't worry will not be 1000. Silver was historically 8-9 times cheaper than gold so you can expect around that value.
Anonymous Coward
User ID: 79980804
United States
01/31/2021 10:05 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Do you realize that there are people on this website, that can track you down? I wouldn't be advertising that you have that much material wealth at your residence.
 Quoting: METELLYOUNOW


Not here......you aren't the only one who knows that.....this place is FULL of Shadow People......you should know....
Raintown

User ID: 79718679
United States
01/31/2021 10:06 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I own a considerable amount of physical silver. I bought most of it back in 08 from a bullion dealer in OK city.

For sake of argument let's say that silver goes $1,000 an oz. I'm sitting on over $10 million in physical then.

I personally don't want to ship my silver back by FedEx or UPS though I understand people ship valuables worth more than that everyday by them, I can get insurance, etc...

Now I'm a Lifetime Platinum member and have Concierge service with this bullion company. I plan on calling them tomorrow to get an answer to my question

Ok city is 6 hours away. I can easily drive the distance but here is the question:

Will they allow people to physically deliver their silver or will they only receive it by a shipping company?

You can sell it back to any company. If one is close to you will you drive it yourself or trust the shipping companies?
 Quoting: Anonymous Coward 78767952


Hire me. I'm not busy, I have the "gear" to deliver/protect it. Look at the number of times a carrier has "lost" items. For a 6 hour drive, I would certainly NOT trust this to a carrier. Insurance or not... Besides - If you put 10M in insurance, that's guarantying it WON'T make the 6 hour trip.
Raintown
TerraFirma's Esoterrorist

User ID: 65946294
United States
01/31/2021 10:08 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Ship it in smaller segments.

You could also afford to have a armed security company transport it, if you hold until it's worth 10 million.
 Quoting: METELLYOUNOW


That's something I did not think of. Good suggestion.
 Quoting: Anonymous Coward 78780148

Autists Armored ADHD Trucking
"AK armed autist secured silver"

.

Last Edited by TerraFirma's Esoterrorist on 01/31/2021 10:08 AM
"Keep a weather eye to the chart on high and go home another way"

–James Taylor Never Die Young
Anonymous Coward
User ID: 71960726
United States
01/31/2021 10:08 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I own a considerable amount of physical silver. I bought most of it back in 08 from a bullion dealer in OK city.

For sake of argument let's say that silver goes $1,000 an oz. I'm sitting on over $10 million in physical then.

I personally don't want to ship my silver back by FedEx or UPS though I understand people ship valuables worth more than that everyday by them, I can get insurance, etc...

Now I'm a Lifetime Platinum member and have Concierge service with this bullion company. I plan on calling them tomorrow to get an answer to my question

Ok city is 6 hours away. I can easily drive the distance but here is the question:

Will they allow people to physically deliver their silver or will they only receive it by a shipping company?

You can sell it back to any company. If one is close to you will you drive it yourself or trust the shipping companies?
 Quoting: Anonymous Coward 78767952



dont post this sht online dude
Anonymous Coward
User ID: 18072721
United States
01/31/2021 10:08 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
If silver ever goes moon its because it's in hot demand and people are buying it.
Duncan the destroyer

User ID: 65009479
United States
01/31/2021 10:11 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Do you realize that there are people on this website, that can track you down? I wouldn't be advertising that you have that much material wealth at your residence.
 Quoting: METELLYOUNOW


Well they'd have to assume where I'm posting from now is where I live. Not even close. I'm in a crash pad apt in this current city. Physical is stored in a different state.
 Quoting: Anonymous Coward 78780148


Paranoid much?

people already know exactly where you live and have sold the info to the local crime syndicate, you're going to get whacked very soon.If I were you I'd run to a different safehouse.
Duncan the destroyer
Ostria1

User ID: 79988517
Greece
01/31/2021 10:11 AM

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Re: Serious intelligent question concerning silver. Have you thought of this?
Why sell it? Maybe a small amount if you are really in need for some cash, but i wouldnt sell my physical anytime soon.
Ostria
LoneStarRisingModerator
Forum Moderator

User ID: 72521715
United States
01/31/2021 10:13 AM

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Re: Serious intelligent question concerning silver. Have you thought of this?
I own a considerable amount of physical silver. I bought most of it back in 08 from a bullion dealer in OK city.

For sake of argument let's say that silver goes $1,000 an oz. I'm sitting on over $10 million in physical then.

I personally don't want to ship my silver back by FedEx or UPS though I understand people ship valuables worth more than that everyday by them, I can get insurance, etc...

Now I'm a Lifetime Platinum member and have Concierge service with this bullion company. I plan on calling them tomorrow to get an answer to my question

Ok city is 6 hours away. I can easily drive the distance but here is the question:

Will they allow people to physically deliver their silver or will they only receive it by a shipping company?

You can sell it back to any company. If one is close to you will you drive it yourself or trust the shipping companies?
 Quoting: Anonymous Coward 78767952


If you can't or don't want to sell your physical silver, you can hedge it with futures. Let's say it did go to $1000/oz. You could enter a short futures contract to offset the loss as the value comes back down. The same way a cattle rancher would use futures to hedge the price on his herd of cattle.

Each futures contract in silver controls 5000 oz. So if you had 10000 oz of silver then you would sell 2 futures contracts to hedge the value.

Here is a description of the hedging for cattle:

[link to www.cmegroup.com (secure)]

The downside is there would be a risk of entering the short hedge too early and have to cover margin requirements as the price continued to increase.
LoneStarRising
jlee2027

User ID: 76568830
United States
01/31/2021 10:17 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I own a considerable amount of physical silver. I bought most of it back in 08 from a bullion dealer in OK city.

For sake of argument let's say that silver goes $1,000 an oz. I'm sitting on over $10 million in physical then.

I personally don't want to ship my silver back by FedEx or UPS though I understand people ship valuables worth more than that everyday by them, I can get insurance, etc...

Now I'm a Lifetime Platinum member and have Concierge service with this bullion company. I plan on calling them tomorrow to get an answer to my question

Ok city is 6 hours away. I can easily drive the distance but here is the question:

Will they allow people to physically deliver their silver or will they only receive it by a shipping company?

You can sell it back to any company. If one is close to you will you drive it yourself or trust the shipping companies?
 Quoting: Anonymous Coward 78767952


I suspect you'll be able to give it to a Government redemption center and get DOLLAR silver bank notes back. Or trade it for GOLD US DOLLAR notes. They'll be happy to help you.

SOON.
Your 46th President Yo Adrian

User ID: 68724585
United States
01/31/2021 10:19 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Ship it in smaller segments.

You could also afford to have a armed security company transport it, if you hold until it's worth 10 million.
 Quoting: METELLYOUNOW


That's something I did not think of. Good suggestion.
 Quoting: Anonymous Coward 78780148

Autists Armored ADHD Trucking
"AK armed autist secured silver"

.
 Quoting: TerraFirma's Esoterrorist


Pepe's Green Armed Transport
(Pulls off mask)"And we would have gotten away with it, if it wasn't for those meddling Qtards" Klaus S.
ovation3

User ID: 79250419
United States
01/31/2021 10:21 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Sell it to get.. what, exactly? USD? You mean the value-less currency that this is all heading toward?

This is a ploy by the deep state to crash the USD. This has nothing to do with kids on Reddit. You all really think they have access to the kind of millions (billions) of dollars needed for what they did to GME, AMC, others? If you believe that, then you deserve what you get.

All these 'fuck the rich' types I keep seeing on social media, GLP, elsewhere, you're playing right into their hands. You're literally supporting the destruction of your own currency and economy, while you simultaneously say you hate the people you're cheering. Amazing.
Anonymous Coward
User ID: 79009989
United States
01/31/2021 10:32 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
When silver hits 1000 I foresee economies localizing.


There will be no one to buy at any other level, because there will be nothing to buy with it.
Max Powers

User ID: 72022675
United States
01/31/2021 10:37 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I'll take it for you OP. Just send me a txt
Lance Roseman From BC

User ID: 77547432
Canada
01/31/2021 10:41 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Why sell it? Maybe a small amount if you are really in need for some cash, but i wouldnt sell my physical anytime soon.
 Quoting: Ostria1


Me neither. If there is a project that can be funded...run with it and sell some. But silver is not an investment for quick and easy money. Buy a house? Sure...
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius
Anonymous Coward
User ID: 77936235
United States
01/31/2021 10:47 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
I sold a considerable amount of gold one time and sent it registered mail. That's how they deliver diamonds so I figure it was good enough for me. The differences with registered mail everyone who takes custody of it has to sign for it.
Anonymous Coward
User ID: 79281271
Hungary
01/31/2021 10:49 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Seeing as a loaf of bread would then be going for 200, seems fair.
Max Powers

User ID: 72022675
United States
01/31/2021 10:52 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Seeing as a loaf of bread would then be going for 200, seems fair.
 Quoting: Anonymous Coward 79281271


So if you have to send bread make sure its insured?
Lance Roseman From BC

User ID: 77547432
Canada
01/31/2021 10:52 AM
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Re: Serious intelligent question concerning silver. Have you thought of this?
Seeing as a loaf of bread would then be going for 200, seems fair.
 Quoting: Anonymous Coward 79281271


No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius





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