There is definitely no cure for stupid. The last time gold went up I took my little pile of broken bits and called around to see who was paying the best price. Found a guy in Charleston and made a time to meetup. He was working from home because his mother’s house had been damaged by the recent hurricane and she was visiting until the repairs were complete. While he was weighing etc., I looked over at the bookshelves and noticed silver and turquoise. He let me go over and drool. There was an old necklace with big turquoise discs. They were over an inch in diameter and nice and thick and appeared to be natural. Then the all silver squash that made my heart pound. It was big and beautiful and probably circa 1920’s. He told me that someone had scrapped it and I did my best to talk him into selling it but he liked it and wouldn’t let it go. I’ll be remembering that one for a long time…I wonder if I should get into scrapping?
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depending on the laws in your town the “hold” time could be from 3 to 30 days or more
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In the EU we can sell gold after 12 months to avoid taxes.
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