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RE: Exit Plan

in #steemsilvergold8 years ago

Good advise to have a plan in place. Although I do think you will have buyers for the big bars too. If silver goes up a lot it will cause a lot of buzz. People who never collected silver before will want in. Kind of like Bitcoin, when it was selling for $8 a coin I'm sure people at the time never thought it would go up past $4000. And at $4000 there are tons of coins being bought and sold every second. The audience for a 100oz bar will be smaller but I don't think it will be as hard to get rid of as some people think. I wouldn't recommend just stacking 100oz bars, your idea of 1 oz and 10 oz bars is the best advise. I want to get a 100 oz bar just to pick it up and hold it once in a while, but I wouldn't get more than 1 or 2 for the stack.

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I have 2, and thats enough, when its time to sell, I want to beable to sell it all to one or two people. Thanks for dropping by.

Years ago, in 2010 i think it was, i inherited some family money. Silver was about $26 cad per ounce. Anyway, i went with my Dad, and a certified cheque from the bank, to VBCE mainbranch downtown Vancouver and walked out with 12 x 100 ounce bars and 66 rounds. I had it in a rolling carry-on piece of luggage and it weighed about 70lbs! Both me and my Da felt like total gangsters!
Anyway, yadda yadda, silver proceeded to shoot past $40 and i began to sell the bars back... With no problem!

I squandered much of it, turned sone of it into gold...and, in about 2012 i made my first bitcoin purchase with money i got from selling one of the last of 'em...

Interestingly (perhaps) i also secured a personal loan from a buddy of mine by offering two of them as collateral. In the last year i paid my debt off and got the two hunskies back, but alas, they too have since been converted to bitcoin also.

My point is, there are buyers for larger pieces. But i do agree, singles and up to 10 oz is probably the way to go for local ease of sale.

Cheers fellas!