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Sterling Silver is 92.5% Silver

 
Anonymous Coward
User ID: 1191185
United States
03/05/2011 10:05 AM
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Sterling Silver is 92.5% Silver
On yesterday's pinned silver thread, I read some comments about silver flatware having low silver content because it was plated. Although some flatware is plated, if it is stamped STERLING, it is 92.5% silver.

[link to en.wikipedia.org]

The reason I post this is two-fold.

Number one: you can buy sterling silver flatware on eBay for a little over spot.

Number two: If there is government confiscation of PMs, it would be prudent to have some of your silver in sterling flatware as this may not be confiscated; same for numismatic coins but you pay a significant premium for rarity.

I don't think the government will confiscate, but tax instead; hence the 1099 for transactions over $600 hidden in Bambi-Care.

Afterthought: I wonder, does the government plan for silver will go to $600/oz?
Anonymous Coward
User ID: 1284655
Australia
03/05/2011 10:06 AM
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Re: Sterling Silver is 92.5% Silver
got nickel in it
wing-ed

User ID: 1227386
United States
03/05/2011 10:13 AM

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Re: Sterling Silver is 92.5% Silver
Good place to cash in on sterling !
[link to midwestrefineries.com]
Holy, holy,holy, Lord God Almighty, which was, and is, and is to come.Praise the one who gives you peace beyond all understanding Yes that scripture still sounds good !
Anonymous Coward
User ID: 1191026
United States
03/05/2011 05:27 PM
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Re: Sterling Silver is 92.5% Silver
Good place to cash in on sterling !
[link to midwestrefineries.com]
 Quoting: wing-ed


Cash in? For what? People, understand that the dollar is dead - D E A D ! ! ! It's not a matter of if, only when. The fed will either outright default or devalue on an order to at least 10 to 1.

Think of it this way, 100 years ago and longer, what type of people owned sterling silver flatware? That's right, rich people. Never, never cash in your silver unless the alternative is too burdensome. For some people, that might be cable tv, but I would suggest that you should only cash out when the alternative is being without shelter.

You must exchange your soon to be worthless fiat for real stuff.
Anonymous Coward
User ID: 1283337
Mexico
03/06/2011 01:13 AM
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Re: Sterling Silver is 92.5% Silver
On yesterday's pinned silver thread, I read some comments about silver flatware having low silver content because it was plated. Although some flatware is plated, if it is stamped STERLING, it is 92.5% silver.

[link to en.wikipedia.org]

The reason I post this is two-fold.

Number one: you can buy sterling silver flatware on eBay for a little over spot.

Number two: If there is government confiscation of PMs, it would be prudent to have some of your silver in sterling flatware as this may not be confiscated; same for numismatic coins but you pay a significant premium for rarity.

I don't think the government will confiscate, but tax instead; hence the 1099 for transactions over $600 hidden in Bambi-Care.

Afterthought: I wonder, does the government plan for silver will go to $600/oz?
 Quoting: Anonymous Coward 1191185


OP, don't be an ass !!
When you sell it you only got 80% or less of silver price.
Don't ask why , been there done that !!
My advice , get coins !!
Anonymous Coward
User ID: 1079907
United States
03/06/2011 01:17 AM
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Re: Sterling Silver is 92.5% Silver
you can't eat silver (flatware)
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