Liquidate your metal
Quick question to the experts here. If one needed to liquidate some precious metals to trade for fiat, how does the average Joe in an average American town typically do this since you can't just walk into the bank or grocery store and start spending. Note: I know this is trading in the wrong direction, but let's imagine you lost your job and need to pay mortgage or something similarly pressing.
options
Another idea..
peter schiff account
yes, I remember Peter Schiff talking about having a checking account backed with real gold on one of his podcasts. I like that idea. Not sure if that's actually available yet or not.
Debit card
Perpetual Assets offers a debit card that is backed by silver, I got one myself about 6 years ago. In short, fill an application, buy the metal on their site, they send a card, you're good to go and you can add metal at anytime. It spends like any other debit card, the merchant sees a regular payment, has no idea that there's silver in that account.
Perpetual Assets upgraded their site in the last month, you can check your balances, add metal, or what ever. There is a miniscule storage fee each month, so tiny that it's laughable.
I haven't used it yet, been saving it, for times of extreme duress.
eBay , local pawn shop, local
eBay , local pawn shop, local coin dealer, gunshows, online coin dealers
Advertise Stack For Sale Here?
Why not? Safer community here, could employ escrow company, arrange delivery/pick up, etc.
Just a thought.
Selling any?
Wondering if anyone has sold any Gold or Silver Eagles lately; I'm doing an inventory of my stack and trying to calculate what it would actually be worth if I actually had to sell. I'm not sure if I should value them at spot, above spot or below spot. I would appreciate any insights on this. Many thanks.