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.

This post was edited on 5/3/13 at 11:52 pm

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Posted by LSUtoOmaha

Nashville

Member since Apr 2004

26579 posts

Posted on 5/4/13 at 12:49 am to SeafoodPlatter

Spot price is simply not true market value price.

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Posted by ItNeverRains

37069

Member since Oct 2007

25454 posts

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.

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Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 5/4/13 at 9:06 am to ItNeverRains

just buy SLV....you dont pay a premium and it matches spot price closely......why do you need physical? Is it in case the end of the world scenario comes true?

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Posted by LSU0358

Member since Jan 2005

7918 posts

Posted on 5/4/13 at 9:30 am to ThaBigFella

Agree on the SLV. One takes a ~5% hit buying and selling physical.

Also with the gains being made in equities and PMs taking such a beating lately (as well as the advancing US dollar) are PMs a good place to be?

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