Investing vs reselling. Where do you fall?

[davest]

if you're selling. Give 10% to where it should go. Give 10 % to yourself. The rest, re invest or burn. choice is yours. You'll find that the 10% you give to where it should go does wonderful things.

 

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[dejapooh]

I have a full time job. This is my fun money. It helps keep me cash positive every month. Anyhow, I would say that 99% of the stuff I buy, I list up for sale immediately on Amazon (higher prices, higher fees, really fast to list, really easy). Gold or Silver I find, I keep. I am anything but a gold bug. I don't believe in dead assets as a speculation play. There is no such thing as "Investing" in gold. It is pure speculation that there is a bigger idiot out there that will pay you more for it some day. Another way to rationalize the irrational is to say, "Someday this crap we call money will not be worth the paper it is printed on, then Gold and Silver will buy food, not paper." The thing there that is irrational is that if a time comes that your U.S. Dollars are worthless, those people who have food are not going to trade it for a hunk of metal, no matter what color it is. Then again, if I pay $4 for 5 oz. of sterling, I may as well sit on it. I did buy about 100 Sterling souvenir spoons once. They were about 10 grams each, I listed them for $9.99 each, or about double silver. I sold 75% of them, and the average sale price was about $16. The few that didn't sell were thrown into my silver hoard. I don't need to sell it now, so I may as well sit on it until there is enough to sell.

 

[scott9050]

Realized this recently as well cool versus cash versus I cant take it with me. Has made me realize that selling off some stuff would be nice. I have for example 4 Eisenhower Appreciation medals sitting in a drawer that are worth approximately $3000 in today's market. I go back and forth between the money, the fact that I would almost certainly my never own such unique pieces of history again and the fact that someone in my family would not get a fair price for them. The decision is one I have been stalling on for months. I have thousands of dollars worth of cool things sitting around with the same dilemma.