To: cc2k
Try to sell silver ounces today to a dealer or coin shop. You'll find opening offers of $20/ounce or less for bullion pieces and $14 or $15 per dollar of face value for 90% coins. That's with silver at $30/ounce (which equates to $22-$24 per dollar of face value for coins). On the other hand, you're often lucky to buy at the "spot price" of $30/ounce. During rising prices, buying for "spot price" is about the best deal you'll usually find. During stable or falling prices, you'll often find you have to pay 10% or more over "spot price" for silver in small lots. My local dealer bought some onzas from me last week for $29.25 -- less than a dime under spot. He said he would buy Englehards for $.50 under spot.
31 posted on
12/28/2010 3:47:10 PM PST by
DeaconBenjamin
(A trillion here, a trillion there, soon you're NOT talking real money)
To: DeaconBenjamin
35 posted on
12/28/2010 4:12:59 PM PST by
Atlas Sneezed
("If you touch my junk, I'm gonna have you arrested.")
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