Getting into silver (Posted on 5/3/13 at 11:12 pm)
Thinking about getting more into silver with spot closing at ~24 today and seeing as how it peaked at 48.3 almost two years ago and if you try to buy a silver eagle off ebay or any dealer it's between 29-33. 5-9 over spot means there is hefty demand right? Sorry for any MT deficiencies in this post or lack of knowledge of prior posts about silver on MT this is my first post here. If it matters at all I have about 50 ounces so far.
ItNeverRains LSU Fan Franklin, TN Member since Oct 2007 6267 posts
re: Getting into silver (Posted on 5/4/13 at 6:22 am to SeafoodPlatter)
Keep in mind that ebay/paypal will take about 9%, not to mention shipping costs, and you can not buy at spot. That pretty much takes away all your incentive to flip silver on eBay. Ive seen market where silver was double spot on Ebay.
Strictly speaking on the 2013 market, metals have no sign of stability IMO, its gambling but with minimal loss money wise but time wise could be a pain.