The precious metal buyers are out and about

[Marthe48]

I got a 16 page newspaper style ad in the mail yesterday, from a company called Great American Treasure Hunters. I have to say, it's a good way to connect with people who might be interested in selling their gold and silver. We went to one of the events many years ago. We took a few things and when they made an offer, we decided not to sell at the time. I won't go this time. I thought the timing of the event and elaborate advertising says a lot about the economy.

[TheRickles]

1. You might want to check out their current offers.

The price of gold has gone WAY up in the last few years.

[bucolic_frolic]

2. Some financial gurus predict precious metals

They point to past inflationary cycles that saw gold rise 8 fold, and silver 30 fold, from initial base point. And understand this says a lot about the inflation ahead, and that, they say, crypto and gold now move together because they are stores of wealth. Gold could top at $8,000 and silver at $300 an ounce by these theories. Or maybe crypto will soak up some excess this cycle. By these measures, if one believes these folks, it's early to cash out. The flier is seeking to increase the company's holdings. Why would that be?

[Marthe48]

3. In my own opinion another way to divest people of material wealth

The overlords seem to determined to strip every last bit of value from every last person on the planet.

I don't trust crypto, but I also realize that there were other changes in our exchange systems-when coins started being minted to use in transactions, when paper money was introduced, when we when off the gold standard, when credit cards were accepted in lieu of cash. Even if I'm wary, I also know that change is inevitable.

I think that the last event was framed as an appraisal of your items. We took a few things for appraisal, but the setup was all about buying. The man who checked our items looked ay any markings, weighed the item, referred to a price list and made us an offer. It was very cut and dried. This one is more obvious that they will buy your precious metal, in any form. And other obvious collectibles, such as dolls, military items, Native American items, jewelry, watches. and musical instruments.

I don't think it's a good idea to have the same person appraise your stuff and then try to buy it. I avoided any situations like that when i was actively collecting, whether I was buying or selling

[bucolic_frolic]

4. Exactly, you know what you're looking at.

And yes there are all sorts of conflicts of interest with appraisal, buying, selling. The only time they try an accurate assessment is for a paid insurance appraisal. Then they know their number might be scrutinized or second-guessed at some point.

There are micro-scales to weigh items, or even a postage scale, then calc the precious content. Ballpark accuracy, but that knowledge can prevent being ripped off.