Thrift store sterling

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Thrift store sterling

Postby cwgii » Thu Sep 29, 2022 10:03 pm

Today I saw a fork , marked Sterling. Tag put its weight at 32 grams.

Price was $16.
Later I looked up price per gram. .56-59.

For easy math I figured, .6*32 or 18.12

Deal?
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Re: Thrift store sterling

Postby Recyclersteve » Fri Sep 30, 2022 12:49 am

Currently worth 60 cents/gram (based on $18.92 silver) ($18.92 divided by 31.1 grams in a troy ounce).
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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