Pawn Stars Silver Bar Deal makes one think..

tneig

Just a little repeat segment on the show regarding 18, 1oz silver bars, of various designs. Guy comes in having over-the-top expectations of their worth. Rick's son says that these are just art bars and that they aren't worth anything special, and he would have to send them off to the refinery to have them melted, - offers spot (what? spot, refinery?). Guy turns it down and leaves thinking they are still worth -gold.

'I'm pretty sure neither side knows much about Silver bars.'

Mades me think more about an emergency situation and are you ever prepared or protected!
Read the coinflation article about the public knowledge of the value of an ASE. Seems like the educated pm bullion market is a tight audience, and needs the system in place to exchange/buy/sell. Wonder how the sell market will be in very tough times or when the dollar falls or SHTF, and who would be out there to buy? Would dealers be able to buy your pms, and with what? Will your local merchant/neighbor have the knowledge-base to even accept PMs for goods? Maybe Rawles is right in that bullets may more be a better medium of local trade in a severe situation..

nibanny

Silver has always been seen as common, cheap and readily available. In a SHTF scenario or emergency situation you'd do better with gold, imo.

I am sure not many people know that 1 oz is $28. Probably the same people think that 1 oz of gold is worth $5K. I would be curious to see a survey about this!

Barndog

my guess is that the tight audience PM bullion market is more likely to survive and thrive in a SHTF scenario, so the ASE and other assorted bullion items will be welcomed (in addition to food, medicine, ammo, etc)

cohodk

ASE's have a $1denomination. In a SURF scenario, they could be worth just that.

jmski52

ASE's have a $1denomination. In a SURF scenario, they could be worth just that.

I guess that makes my bags of clad Kennedys worth their weight in real money, whatever that is...

cohodk

<< <i>ASE's have a $1denomination. In a SURF scenario, they could be worth just that.

I guess that makes my bags of clad Kennedys worth their weight in real money, whatever that is... >>



In such a scenerio you had better be prepared to encounter opposition from some people to offer more than a dollar. Or, the price for the goods you wish to exchange for your silver will be at grossly inflated prices. If gold and silver are currencies and currencies can be devalued, then you had better be prepared for gold and silver to be devalued.

Baley

someone, please define SURF for us! (we've heard of SHTF, but SURF is a new one to us)

Personally, I think those dreaming of a day when everyone wants your silver above all else are doing just that, dreaming.

cohodk

SURF is what happens when your "smartphone" auto-corrects.

dontippet

<< <i>SURF is what happens when your "smartphone" auto-corrects.

>>





LOL, I know the feeling.

Baley

you guys are speaking a different language, out here we SURF

cohodk

<< <i>you guys are speaking a different language, out here we SURF >>




You guys all use BING as a search engine out there on the left coast? No wonder California is so screwed up.

jmski52

Wow, I'd never heard the term SURF until now either. Danged algorithms.

Baley

Out here we all (I'll speak for every one of us now, as you indicate) don't notice or care much which brand of little box we type the word into... I liked the pretty pictures on the screen tho

but we're getting way off topic, it's really nice out today as always, gotta go sell some silver bars so I can buy some sunscreen and a sixpack

silverman68

The Pawn Stars offer was fair but the seller needs the education.