SILVER $22 an ounce?? UPDATE!!

I've bought most of my gold and silver off ebay and have been very pleased with my purchase. Yes, all the big metals dealers may be cheaper on the spot price + mark up but their shipping costs are outrageous if you can only afford to buy an ounce or two here and there like me. The thing with ebay (and any other site) is you HAVE to figure in the cost of shipping. Cost after shipping is what you are actually paying. I just received a one ounce silver eagle off ebay and paid 19 dollars after shipping. Yes that's well over spot but EVERY precious metals dealer, including APMEX http://www.apmex.com, KITCO http://www.kitco.com/, CNI http://www.golddealer.com/bullionpage.html, NWT http://bullion.nwtmint.com/index.php,etc has been from under a dollar over spot to almost two dollars over spot (for silver mind you) on any given day but their sipping costs for small amounts made their overall prices more!

I've been buying gold and silver for ten years and most of it I bought off of ebay at several dollars lower than all the big name dealers ( when figuring in shipping cost) and the quality has been the same as that of those big dealers. The only time I bought from a big dealer was when I bought a MS 70 and MS 69, 2004, 25 year anniversary, limited edition 1ounce gold canadian maple leafs. They were, and still are, hard to find (probably because they were a limited production of 10,000 worldwide) and I paid $699 for the MS 70 and $599 for the MS 69 (I put them on a credit card mind you and still do not regret it.) I later bought 3 more of the same MS 69's off someone on ebay for $500 each! This was in 2005, a year after they came out.

You can buy gold and silver bullion cheaper from local coin shops but at this time most (in my area at least) are out.

My advice is first do your research so you know what you are paying for (if you're buying), then shop around and don't exclude ebay if you are going to have to pay shipping costs by buying long distance and not from a local dealer. Also, check that days spot price at any of the various web sites the day you intend to buy so you can drive a hard bargain. If you are selling then get as much as you can! I also have a spot price ticker on my site http://www.constitutionrevolution.info provided by KITCO. Spot prices will vary by a few cents from each place. Many local dealers are just hoping they can BS you, betting on you not knowing the value. One of my local dealers has grown to appreciate me because I knew more about what I was selling him ( I needed money to pay my mortgage due to uncontrollable circumstances) than he did. He researched it and called me the next day ready to buy for what I wanted to sell for! So researching before you buy or sell is always best to get the best deal.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Benjamin Franklin

"A free people ought to be armed." George Washington

"but let it not be said that we did nothing" Ron Paul

Right now on APMEX you can buy BU 2008 AEs for $17 each. Anyone buying the same on Ebay for $20+ is clueless. I hope you make a killing.

Starting tomorrow at 6PM each roll of 2008 Silver Eagles starting at $1.00

I will take $22 an ounce now and rebuy at $14

I am going to play this!!!!

It would be foolish to sell any of it right now. If the do;;ar tanks you'll wish you had it 25 an ounce. I would at least wait a few weeks. Before you sell on ebay make sure you can buy locally and get take possession otherwise that would be foolish also.

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I wouldn't buy from Ebay. Just go to your local coin shop. It is fairly cheaper. Silver half dollars are about $5 (no shipping). Also, try to get some 1 ounce silver coins. Those should be roughly $13. People pay a lot on Ebay because they don't have to do anything.

If you can find some rube to buy them from you for $22 a piece do so and then buy more silver at the current price.

Not to hard to believe, that its $22 on Ebay. People often WAY overpay on Ebay. Guess maybe people think that the price on Ebay MUST be cheaper than at the store and don't even bother to check store prices. Apmex has 32,000+ 2008 Silver Eagles in stock that are going for about $16.50 for qty 1, right now.

When the liquidity "crisis" works its way to the general population, people are gonna be selling anything of value to raise cash. Cash that can be used at the store and to pay the rent/mortgage. You remember cash? You know, those cute little FRN's, the ones that they accept at the stores and for mortgage payments. And when this part of the liquidity crisis hits, metals are gonna be flooding the market. The metals are falling now cause the wiser ones see it coming. The ones that don't are on message boards, requesting opinions from people they know nothing about, on the subjest of whether they shoud sell or hold.