dakota1955 wrote:the price of silver is going lower so the premium is sometime raised to help their profits and one one is selling at the lower price so the cost to restock also then goes up.
Well, they can stabilize their spread as spot goes lower. I vote by going to Silvertowne and buying a 1 ounce bar for $31.10 which includes shipping. I wait out the silver prices going lower. Meanwhile, Westminster loses my sale. If silver goes below $20, I'll look even harder for a low-premium well-reputed dealer. The dealers are taking the chances now and I can understand they have to raise premiums but they are the ones that ultimately have to keep swimming to stay in cash flow. The stackers have a different time frame that gives them different needs.
One of the things that I am doing is shifting out of silver or decreasing my allotment of it and stocking up on copper. We are being given a semi-free lunch with copper pennies. I am actually viewing silver as a hedge for copper now. Silver prices go down, I can add a bit here and there of it. Silver prices go up, you sell and take proceeds and buy copper.
Posted: Fri Mar 29, 2013 7:40 am