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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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Gold and Silver Fun today
Had an intresting experience today. I Stoped in two pawn shops to
inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? Best Regards Tom. |
#2
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Gold and Silver Fun today
On 2011-07-31, azotic wrote:
Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? My Mom once found a silver picture frame (600 grams) in garbage. I suggested to her that she should visit at least 5 places. The first were as you described, but then she found someone decent. I recently won 2 lbs of 56% silver brazing rods on ebay for $113, and no pawn shop would take them. I sold them on ebay again for $450. I would think that most pawn shops are both stupid and dishonest, or "crafty". i |
#3
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Gold and Silver Fun today
"Ignoramus11951" wrote in message news On 2011-07-31, azotic wrote: Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? My Mom once found a silver picture frame (600 grams) in garbage. I suggested to her that she should visit at least 5 places. The first were as you described, but then she found someone decent. I recently won 2 lbs of 56% silver brazing rods on ebay for $113, and no pawn shop would take them. I sold them on ebay again for $450. I would think that most pawn shops are both stupid and dishonest, or "crafty". i Yeah from what i seen today i think they are just stupid. Will see next week if pawn stars lives up to the hype and if rick knows his ****. When i was in chicago i dealt with some realy good people. I sold a bunch of silver back in the late seventies to place that payed me spot for that day i delivered the silver it shure was sweet at $48.00 an ounce. Another guy bought all the gold i could deliver, he paid me spot less 10% in cash money. Best Regards Tom. |
#4
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Gold and Silver Fun today
On 2011-07-31, Howard Beal wrote:
"Ignoramus11951" wrote in message news On 2011-07-31, azotic wrote: Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? My Mom once found a silver picture frame (600 grams) in garbage. I suggested to her that she should visit at least 5 places. The first were as you described, but then she found someone decent. I recently won 2 lbs of 56% silver brazing rods on ebay for $113, and no pawn shop would take them. I sold them on ebay again for $450. I would think that most pawn shops are both stupid and dishonest, or "crafty". i Yeah from what i seen today i think they are just stupid. Will see next week if pawn stars lives up to the hype and if rick knows his ****. A lot of them started buying precious metals only recently. Perhaps, before this they were picking up metal scrap from people's garbage or were real estate agents. Now they are in precious metals. i When i was in chicago i dealt with some realy good people. I sold a bunch of silver back in the late seventies to place that payed me spot for that day i delivered the silver it shure was sweet at $48.00 an ounce. Another guy bought all the gold i could deliver, he paid me spot less 10% in cash money. Best Regards Tom. |
#5
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Gold and Silver Fun today
On Sun, 31 Jul 2011 00:01:49 -0500, Ignoramus11951
wrote: A lot of them started buying precious metals only recently. Perhaps, before this they were picking up metal scrap from people's garbage or were real estate agents. Now they are in precious metals. Not only pawn shops, but around me are at least four stand alone stores that buy nothing /but/ precious metals. Three of them even have folks standing at the street holding up "We Buy Gold!" signs. Obviously have to be ripping people off big time to afford rent and all the other overhead. -- William |
#6
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Gold and Silver Fun today
On 2011-07-31, William Bagwell wrote:
On Sun, 31 Jul 2011 00:01:49 -0500, Ignoramus11951 wrote: A lot of them started buying precious metals only recently. Perhaps, before this they were picking up metal scrap from people's garbage or were real estate agents. Now they are in precious metals. Not only pawn shops, but around me are at least four stand alone stores that buy nothing /but/ precious metals. Three of them even have folks standing at the street holding up "We Buy Gold!" signs. Obviously have to be ripping people off big time to afford rent and all the other overhead. Exactly. |
#7
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Gold and Silver Fun today
"William Bagwell" wrote in message ... On Sun, 31 Jul 2011 00:01:49 -0500, Ignoramus11951 wrote: A lot of them started buying precious metals only recently. Perhaps, before this they were picking up metal scrap from people's garbage or were real estate agents. Now they are in precious metals. Not only pawn shops, but around me are at least four stand alone stores that buy nothing /but/ precious metals. Three of them even have folks standing at the street holding up "We Buy Gold!" signs. Obviously have to be ripping people off big time to afford rent and all the other overhead. -- William You can do better selling PM on ebay, people are buying at near spot and sometimes over. Of course you run the risk of being scamed. Best Regards Tom. |
#8
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Gold and Silver Fun today
On 7/30/2011 11:15 PM, azotic wrote:
Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? Best Regards Tom. Normal pawn and coil shops won't pay much for precious bullion, since nobody comes in to their business to buy it, and so they must re-sell it to another dealer to get rid of it. The honest shops will basically advise you to do that--they probably know where the nearest place is--but if you /insist/ on selling it right then and there at a considerable loss, they're not going to argue too much. You need to find a shop that deals in bullion--that is, common-grade (junk) non-numismatic gold and silver coins. And even so, they do take a cut going both ways. |
#9
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Gold and Silver Fun today
azotic wrote:
Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? Trading those in now would make about as much sense as flipping a house in 2006. Wait until after either the system gets fixed or Our Glorious Beloved Infallible Leader introduces the second Weimar Republic; Imagine holding on to them until gold hits 1,000,000.00/ounce! Good Luck! Rich |
#10
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Gold and Silver Fun today
"Rich Grise" wrote in message ... azotic wrote: Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? Trading those in now would make about as much sense as flipping a house in 2006. Wait until after either the system gets fixed or Our Glorious Beloved Infallible Leader introduces the second Weimar Republic; Imagine holding on to them until gold hits 1,000,000.00/ounce! Good Luck! Rich Yep, in gold we trust. Looks like my PM IRA's beat the stock market. http://www.midstatesrecycling.com/karat_kalc Best Regards Tom. |
#11
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Gold and Silver Fun today
The way gold has been hyped on a world wide basis -
the market might crash when profit taking starts. Remember the silver and other trends that came to no good end. Be careful. If you have physical - at least you have something. Martin On 7/31/2011 5:28 PM, Rich Grise wrote: azotic wrote: Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? Trading those in now would make about as much sense as flipping a house in 2006. Wait until after either the system gets fixed or Our Glorious Beloved Infallible Leader introduces the second Weimar Republic; Imagine holding on to them until gold hits 1,000,000.00/ounce! Good Luck! Rich |
#12
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Gold and Silver Fun today
"Martin Eastburn" wrote in message ... The way gold has been hyped on a world wide basis - the market might crash when profit taking starts. Remember the silver and other trends that came to no good end. Be careful. If you have physical - at least you have something. Martin It's a gamble, could be a bubble or the markets are adjusting for inflation. No way to know for shure. In my opinion it's a inflation adjustment. Food and fuel prices are up and will continue to rise. Best Regards Tom. |
#13
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Gold and Silver Fun today
On Jul 31, 12:15*am, "azotic" wrote:
Had an intresting experience today. I Stoped in two pawn shops to inquire as to what they were paying for silver bullion and gold coins. You would think these people would know what they are doing. Seems like they don't much at all when it comes to PM. I asked the person how much they are paying for kruggerrands, the person asked me how many karets they are, WTF ok i explain to them that the coins i have contain 1oz of gold each. The person then asks again how many karets ? so i say 24. Person then asks how many gramms i have, i say each coin has 1 troy ounce. Person then tells me thats 32 grams. Ok so how much ? person says $900.00 i chuckle and ask how about silver bullion. Person says they only pay $2.00 a gram because they have to send it in to be refined. Now i ask myself were they trying to play me or are they really that dumb. Second place asks me what bullion is, calls over the head honcho and asks him. Boss man says they don't buy silver but was intrested in they coins at the gold content value. Well next week i am gonna stop in at the pawn stars place and see what rick will offer. Found a place called midstates refining and seem they work on a 5% commision, anyone here ever do bussines with them ? Can anyone recomend a honest PM dealer? Best Regards Tom. Silver is rising faster than gold. Soon, there will be fires in the streets and blood will flow through the gutters like rain. Swap half the gold for silver at the best rate you can get from a place that employes more than 12 people. BWAHAHA! Doug "Omega Man" Goncz He's baaack ... and better than before! |
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