My cost for the 90% silver bags is $3.75 over spot and a 1% commission (24 cents) with free delivery. Unfortunately have a minimum purchase of full bags. Full bag at $23.72 spot is $19,641.
If you can get the bags in smaller amounts today at $4.00 or less with commission, with free delivery, it's a good buy.
The premiums are falling though. I expect them to fall further, even though product is hard to come by at present.
Gilhodges is right though. When people buy the 90% silver bags, they don't sell. It's a mindset for the most part that they have a barter coin if needed.
Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!
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