What's in store for Monday????

[Country]

Bullion Direct Nucleo has all the 90% you want around 26X face.

http://www.bulliondirect.com/nucleo/showProducts.do?cat=Silver_Bullion&category=1

Haven't actually used their process - anyone familiar with it? What are pros/cons?

Very easy to use. Once you set up your account they give you a trading limit ($25000 at first). It's a real market, with bids and asks. You can leave build up quantities of PM in your account (no fees for temporary storage of the PMs) to either trade it there or get a product withdrawal later. Fees are 1% if your buy, 1% if you sell. For product withdrawals you pay a $5.95 + postage (UPS or USPS Registered); BD covers ALL insurance costs with their Lloyds of London account. To buy, if you don't have the money in your account, you can send the money in with a personal check that must reach them in 7 days. To sell, if you don't have the PMs in your account, you have 7 days to send in the PMs to get them credited into your account. Insurance will be provided by BD, if you use their shipping packaging service.

[Tantalar]

All the big boys will be buying back in just like I am. We will see $40 silver on Monday.

[moneydog]

have used a lot very happy with results they have always done what they say i leave mine there till i get a big enough order to have it shipped into my hoard works out well for me

[oktyabyr]

have used a lot very happy with results they have always done what they say i leave mine there till i get a big enough order to have it shipped into my hoard works out well for me

That's what I did. Slowly purchased and purchased. Then when I finally had enough to make it worth while, I cashed out my account.

[oktyabyr]

. I know a couple coin shops in my area own lots of physical around $50 and they are taking a beating right now and probably will be a little weary next time around. With physical trading between 35 and 50 there isn’t enough room to really make any significant gains flipping physical because of the markups.

This is a situation I've really been wondering about. I bet a lot of dealers were clamoring to buy during the run-up because of the demand. But the inventory they bought at around $50 is now going to sell for 25% less. Are they putting it in the safe and waiting or like timmus said just taking a beating.?

Back on topic, I have no idea what's in store Monday - I would love to see oil drop a couple dollars a day all week though..

Here's the thing, yes, these coin stores bought at $50. But when they sell right now, the purchase again at current spot. So even thought they paid $50/oz before, when they sell what they have, they purchase at $35/oz to replace it with.

[68Camaro]

Bullion Direct Nucleo has all the 90% you want around 26X face.

http://www.bulliondirect.com/nucleo/showProducts.do?cat=Silver_Bullion&category=1

Haven't actually used their process - anyone familiar with it? What are pros/cons?

Very easy to use. Once you set up your account they give you a trading limit ($25000 at first). It's a real market, with bids and asks. You can leave build up quantities of PM in your account (no fees for temporary storage of the PMs) to either trade it there or get a product withdrawal later. Fees are 1% if your buy, 1% if you sell. For product withdrawals you pay a $5.95 + postage (UPS or USPS Registered); BD covers ALL insurance costs with their Lloyds of London account. To buy, if you don't have the money in your account, you can send the money in with a personal check that must reach them in 7 days. To sell, if you don't have the PMs in your account, you have 7 days to send in the PMs to get them credited into your account. Insurance will be provided by BD, if you use their shipping packaging service.

Thanks for the mini-primer! I saved it for reference. Helps not having to wade around in all the rules trying to understand how it works.

Is the actual bullion being sold making its way from seller to the buyer, or is it similar bullion of like type?

[Neckro]

For BD you send it to BD in Tex, they verify it's contents, then add it to your portfolio. Once sold or withdrawn it will reflect on your account. But it all goes through BD for verification.

[justj2k78]

And Asia takes off...

[aristobolus]

But will the margin increase smack things down for a day? We'll see!