Replies

Thank you.

What should I expect to pay above posted trading price, 1% 5% 10%??

Seems as though the prices vary widely.

17 posted on 05/13/2011 6:19:19 AM PDT by Chickensoup (The right to bear arms is proven to prevent government genocide. Protect yourself!)

Pay 1-2 $/oz over spot for generic rounds, and up to about 5$ over spot for American Eagles, not including key dates which are more than that. The premiums for 10 oz products is the same as for 1 oz, but 100 oz bars are a bit cheaper.

If you’re rich, you can buy silver (1000 oz) and gold (10 oz) directly from COMEX, at which you would pay spot exactly, and then a delivery fee. (These are the quantities for the the “mini” contracts - regular contracts are 5000 oz for silver and 100 oz for gold. But not so many people are ready to get their feet wet for the first time at that size.)

33 posted on 05/13/2011 6:29:20 AM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)