Sell the Krugerands??

[iris lilies]

Just an update. Since selling off my sterling flatware silver prices have gone through the roof. The refiners seem to be still backed up and are still offering a big discount over spot for flatware, however I probably could have doubled the sale price if I'd held on. So...I'm holding onto the ring with the miners cut until gold prices stabilize. I don't know if it's like the stock market where you don' try to time things, but I'm waiting.

The prices of precious metals are commonly though of a a safe haven or inflation hedge, but it's gone nuts. I have a feeling it's telling us something, but not sure what.t.

you don’t need the money for that diamond ring and so it doesn’t really matter when you sell it.

thanks for the update on your flatware sale.

[Rogar]

you don’t need the money for that diamond ring and so it doesn’t really matter when you sell it.

thanks for the update on your flatware sale.

You're probably mostly right. What ever family objects I have have been entrusted to me to deal with in a respectful way. It may just be part of what ever legacy I leavebehind rathan a need or want, but making the best of things seems to be the way to do things. Rather intangible line of logic.

Beyond that, it's rather interesting to follow precious metals and take advantage of trends. They are traditionally an economic indicator and seem to be in a once in a generation or so reevaluation.

I can see why people would think it doesn't matter.

[Tybee]

I think that's why I like leaving family heirlooms to people in the family when I can. It feels like I am playing my role in the family's history.

My mother gave a very expensive diamond ring to my cousin rather than to me, even though she willed me all her jewelry. It was an annoyance, but I'd rather she did that than to sell it and give me the money. She had good reasons--the cousin was the namesake of the original owner who left it to her, so it made good sense to her and to the bigger picture. So yeah, it's definitely not always about money.

But yeah, wouldn't it be nice to own that big giant 1920's old European cut diamond, exactly what I'd look for if I could find one. Of course, then I'd have the problem of who to leave it to since I don't have daughters, only sons, and I have three granddaughters. So in a way, I'm spared a headache!

[iris lilies]

I think that's why I like leaving family heirlooms to people in the family when I can. It feels like I am playing my role in the family's history.

My mother gave a very expensive diamond ring to my cousin rather than to me, even though she willed me all her jewelry. It was an annoyance, but I'd rather she did that than to sell it and give me the money. She had good reasons--the cousin was the namesake of the original owner who left it to her, so it made good sense to her and to the bigger picture. So yeah, it's definitely not always about money.

But yeah, wouldn't it be nice to own that big giant 1920's old European cut diamond, exactly what I'd look for if I could find one. Of course, then I'd have the problem of who to leave it to since I don't have daughters, only sons, and I have three granddaughters. So in a way, I'm spared a headache!

I have my great aunts 1918 ring that’s quite “big “for our family anyway. It’s one of those old cuts, I don’t know if it’s mine cut or European cut. So it is the one thing I think I should make an effort to pass on to someone in our family, but it’s the side of the family where I don’t know anyone. And even care less about them.

And then there’s intriguing idea of sending it to the person who is the eldest of my cousins’ children, even though she is estranged from her father, and I don’t think she’s spoken to anyone in our family for 45 years. Or do I send it to the next in line girl, the one who actually has a relationship with her family?

A dilemma, but this does not weigh on me heavily because like I said, I don’t care.

[SiouzQ.]

I'm kicking myself for selling a silver ingot I was gifted back in 2018 or so but also glad I've gotten out of the silversmithing business. Buying sterling at $93/troy ounce is absolutely unteneable for most artisan's out there. And that is just raw silver. If you needed specialty wire, or tubing the price is even higher for the associated production costs.

I sold off all my scrap and leftover pieces in November when I was dismantling my studio. Back then the prices were round $75/ounce but geez, if I had waited...I really need to stop with this line of thinking though, or I'll second-guess everything I do!