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Some dealers are increasing PM buy back prices

PostPosted: Mon Mar 23, 2020 9:25 am
by Cu Penny Hoarder
Have you guys noticed this? I predict ALL dealers will eventually follow suit.

This happened in 2008 and when silver hit peak price in 2011.

Re: Some dealers are increasing PM buy back prices

PostPosted: Mon Mar 23, 2020 9:31 am
by 68Camaro
My local cutthroat big dealer is only offering spot at this point. They are definitely a buy low sell high organization.

Re: Some dealers are increasing PM buy back prices

PostPosted: Tue Mar 31, 2020 11:23 am
by neilgin1
68Camaro wrote:My local cutthroat big dealer is only offering spot at this point. They are definitely a buy low sell high organization.


Good man 68, this dealer will soon learn the world that is coming, when he is starving....and say he comes to you to buy a bucket of pinto beans, he best have 200 toz of ASE's, or $400 FV of 90's....or IF he has cattle, my bid for a hindquarter of Angus are 4 toz of .9999 Ag Maple Leafsā€¦.brace my friend, this is all just starting.

Re: Some dealers are increasing PM buy back prices

PostPosted: Wed Apr 01, 2020 1:39 pm
by 68Camaro
Not a recommendation, just an observation based on this morning's data.

TPM is offering new TPM silver, selling at $5 over spot, while buying at $1.50 over spot. So they are working to a $3.50 spread. Pretty wide.