Whats going on with Silver?
Submitted by jpd129 on Sat, 10/04/2008 - 12:01
I admit I do not know a whole lot about buying silver but yesterday I went around to my local coin shops to price Silver 1oz eagle coins. And was told they sold from anywhere to 5 -7 dollars above spot. They say it's because they are hard to get a hold of and the Govt is charging them that rate? Is this true or are they just trying to rip me off? I understand they have to set a premium but 7 bucks? when the market value is only 11 an oz? I only have about 500 to invest right now so I cant buy online because they don't deal in that small of an amount any ideas?
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WHERE is this?
I can still buy eagles at $2 over spot which is a fixed premium from the mint.
My local coin shops sell at that price pretty consistently.
NOW, if you want a particular DATE, be prepared to pay for it. But if you don't care, and you just want eagles, there should be no reason anyone is charging more than $2-$3 above spot.
I have NEVER seen such an exorbitant premium published anywhere, nor have I even been told that was the price from anyone I was trying to buy from.
Give me the name and number of a dealer charging those prices so I can verify. Otherwise, quit fear-mongering.
what's going on with silver?
pure technical pull back to price support levels.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
the spot price of 11.30 is
the spot price of 11.30 is null and void! the true price of silver is 20.00 or more! THERE IS A SHORTAGE OF SILVER.. www.investmentrarities.co... download butlers 61 page free ebook ALL is explained! you are not getting ripped off you had better buy what you can get under 20.00 here soon you will be lucky to find it under 50.00!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
actually Sierra, it is about $15.50-$16.50 an ounce...
i can buy it all day long at those prices.
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Thanks
Thanks just bought 20oz!