That's a 6.7% fee for buying and selling. This site says the difference between the bid and offer on silver is only 0.6% --a lot less, though I'm not sure what other fees Kitco traders have to put up with. Abb talked about buying shares in BEARX and with my Scottrade broker I can right now buy it at $2.29 and sell it at $2.16, or I can just post my own bid/offer price and wait and see. For silver coins there are places like this one that you can buy and sell silver coins --more listed here.
You can tell I know less about metals than stocks, maybe we'll hear better info from the PM folks.
Markets | Yesterday | Today | |||
metals | Falling back to November's bases @ $1,207.85 and $16.48 | futures holding, silver upside and gold off | |||
stocks | Record highs, but less than a fifth of a % in falling volume | futures now trading up just barely |
Big announcement parade this morning:
MBA Mortgage Index
Housing Starts
Building Permits
PPI
Core PPI
Industrial Production
Capacity Utilization
FOMC Minutes