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Reply #15: Well, in my experience, it's standard to pay more than that price to buy silver & gold. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Richard Steele

(1000+ posts) Send PM | Profile | Ignore

Thu Oct-18-07 10:13 PM
Response to Reply #10

15. Well, in my experience, it's standard to pay more than that price to buy silver & gold.

Perhaps people who buy it by the ton are paying that,
but I certainly never have. It's always higher.

I think that "spot" price ONLY reflects the silver itself;
for people like me, there's always an extra percentage for
the middlemen added on.

I suspect that the "spot" price works for the big buyers
who are only buying it on paper. They "buy" a ton of silver,
but they never hold it in their hands. The silver is gathering
dust in some huge commodity-brokerage vault somewhere, and it
never moves. Buying and selling it just means changing names
on paperwork in the broker's files.

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