With the current silver spot price around $12, precious metals businesses would be selling 1 oz rounds like this for about $15 each, but are likely setting limits on how many people can buy.
Curious. The “price” of silver is about $13 an ounce but you cannot buy it at that price?
I was wondering that too.
Yeah you can. I THINK
You can buy a futures contract and if you don’t sell the futures contract by expiration I believe you still have the choice of receiving 100 ounces or having it settled financially on day of.
Yes. A 1oz American silver eagle, if you can get one which I doubt, would cost upwards to $25 dollars, so they are twice the $12 spot price.
This has been going on for years. The assumption is price manipulation. It’s why I have never sold. Sure, they’ll let you SELL at their sell price, but good luck buying at their “buy” price.
I usually go to the website findbullion and they will "seek" prices. Kind of like ammoseek for ammo
The price is based on the COMEX paper futures.
The physical market is based on the bullion in your hand. The place where I have been buying had very few Silver Eagles to but. And even then, it would take a couple of weeks to get them.
This is the large scale exposure of the manipulation of the metals market.
It’s not going to be pretty for paper gold traders.
With the current silver spot price around $12, precious metals businesses would be selling 1 oz rounds like this for about $15 each, but are likely setting limits on how many people can buy.
Correct. Also the ratio of the price of gold to the price of silver, is ridiculous.
With all the electronic money being thrown around (liquidity crisis / too much debt compared to cash and cash equivalents) this is an analogy to when a human body goes into shock and all the blood vessels dilate. Blood pressure plummets.
I’m seriously looking at buying gold/silver miners, or options on such.
As well as oil stocks; “buy when there’s blood in the streets.”