Sell my Gold?

[tmjones550]

I have a very limited budget,in saying that I have a 1/4 ounce gold eagle.I CRH silver halves and thats how I purchased the gold coin.I turned in some of my silver for the gold.My problem is I'm always limited on how much money I can take depending on my bills for the week(usually $70.00 a week).I only hunt CWR's and would like to expand to ordering $500.00 boxes also.As of now I have $130.00 invested in CRHing and have $2000.0 in silver and gold.Since it is so easy to sell gold should I sell it and use that money strictly for CRHing and gain more silver?Silver is my passion and would love to have a huge score.As always HH.You guys are awesome!!!!!!

 

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[mentalvirus]

Seems to me you'll be running around in circles and getting the short end of the stick. You most likely took at least some kind of a hit trading in silver to get the gold, now you want to sell to get more silver? If you like having the gold and don't really WANT to sell it then I wouldn't. I would probably either sell off some of the silver to invest back into the hunting OR just wait until you can save up enough or afford to pull enough to the side to get boxes.

It seems like you went out of your way to get the gold and must have really wanted it, I would hate to see you dump it and take a hit on it yet again.

Just my opinion though...

 

[SilverFace]

Kind of a difficult question to answer. I would be reluctant to advise anyone to sell their gold or silver right now and would suggest trying to get the money someway else. But it seems like you are on a tight budget right now and your options for increasing your CRHing budget may be limited. But if you do decide to sell your gold or some of your silver at least you will be putting that money to good use. This is probably a decision you'll just have to decide for yourself.

Good luck and HH.

 

[Generic_Lad]

I agree with the previous poster. Selling silver for gold then selling the gold back to cash will leave you with a lot less money than if you would have just sold silver for cash. Personally though, unless you have a good dump bank, I don't think boxes of halves are worth it. I mean, if you've got a dump bank that will cash in $500 in halves a week for you without blinking an eye, by all means get boxes, but from what I've seen and experienced, unless you have a dump bank like that, you're going to go through a lot more skunks (volume wise) with boxes than with CWRs. If there is a chance that your dump bank will start charging a fee, I wouldn't do boxes. If you can do boxes in bulk (3/4 a week) boxes are great, but if you can't and don't have a good dump bank, you'd be better off searching CWRs.

 

[tmjones550]

I agree with the previous poster. Selling silver for gold then selling the gold back to cash will leave you with a lot less money than if you would have just sold silver for cash. Personally though, unless you have a good dump bank, I don't think boxes of halves are worth it. I mean, if you've got a dump bank that will cash in $500 in halves a week for you without blinking an eye, by all means get boxes, but from what I've seen and experienced, unless you have a dump bank like that, you're going to go through a lot more skunks (volume wise) with boxes than with CWRs. If there is a chance that your dump bank will start charging a fee, I wouldn't do boxes. If you can do boxes in bulk (3/4 a week) boxes are great, but if you can't and don't have a good dump bank, you'd be better off searching CWRs.

I agree with you 100%.I have been very leary of getting the boxes.I have had tremendous luck with CWR anyway.I think I will get the money this one time just so i can work with a bigger budget.Thanks for all your help.

 

[rsc]

I agree with HCDC (above ) EXCEPT, if you have sold silver to get gold, Why sell your gold to get silver. Surely you like owning gold.
My suggestion is sell enough 40% silver so you can get a box, then expand upwards.
Volume is the sure way to get more silver. just mho HH Gayle

 

[MIhunter]

I wouldnt advise anyone to sell gold or silver now unless they needed the money for basic needs (food, shelter, clothing, heat, etc). If you need more money for CRHing, I would suggest overtime or another job. I would rather you earn more greenbacks to invest in CRHing than lose silver or gold trading back and forth.

If you have a stamp collection, sell it!

 

[Chug And Red]

Ill buy your Gold At the Same Price that My Pawn shop Pays!!! They pay the Highest In our area!!!! 30 to 40 percent total value and I can Hold on to it Longer than their thirty days to insure It wont loose value before selling it Or its Not stolen!!! HH Chug

 

[Chug And Red]

Ill buy your Gold At the Same Price that My Pawn shop Pays!!! They pay the Highest In our area!!!! 30 to 40 percent total value and I can Hold on to it Longer than their thirty days to insure It wont loose value before selling it Or its Not stolen!!! HH Chug

Chug your Bad Red Ps Post a Picture Of it Please!!!

 

[ImpurestStewart]

Ill buy your Gold At the Same Price that My Pawn shop Pays!!! They pay the Highest In our area!!!! 30 to 40 percent total value and I can Hold on to it Longer than their thirty days to insure It wont loose value before selling it Or its Not stolen!!! HH Chug

Why would he sell it at 30-40% when he can put it on ebay or walk into a LCS and get twice that or ship it out to ARA and get 98%?

I am pretty sure he was being sarcastic Lol