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<p>[QUOTE="Blaubart, post: 1746752, member: 37498"]I can't speak for Peace, but the way I make it work is to have the spread work in my favor. I find people who need to sell, and I buy from them at or under spot. I find people who want to buy, and I sell to them for a premium. People are willing to do this because the more established coin dealer here in town is hard to get along with, and I'm willing to buy and sell within his spread, which has been VERY wide lately.</p><p> </p><p>Or, if I have a person willing to buy 20+ ounces of silver, I'll sell to them for less than the dealers will, and I'll turn right around that same day and place an order through Provident, typically putting all the money I received back into silver, but getting an extra ounce or two in the process. (For whatever reason, buyers are easier to find around here than sellers...)</p><p> </p><p>If you buy and sell from dealers in both directions between $22 and $40 and back down to $18, of course you're going to be wasting a lot of money. But you don't have to buy and sell from dealers... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1746752, member: 37498"]I can't speak for Peace, but the way I make it work is to have the spread work in my favor. I find people who need to sell, and I buy from them at or under spot. I find people who want to buy, and I sell to them for a premium. People are willing to do this because the more established coin dealer here in town is hard to get along with, and I'm willing to buy and sell within his spread, which has been VERY wide lately. Or, if I have a person willing to buy 20+ ounces of silver, I'll sell to them for less than the dealers will, and I'll turn right around that same day and place an order through Provident, typically putting all the money I received back into silver, but getting an extra ounce or two in the process. (For whatever reason, buyers are easier to find around here than sellers...) If you buy and sell from dealers in both directions between $22 and $40 and back down to $18, of course you're going to be wasting a lot of money. But you don't have to buy and sell from dealers... ;)[/QUOTE]
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