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<p>[QUOTE="medoraman, post: 1946529, member: 26302"]I have been around pm since the first spike and crash in 1980. When prices spike up, the buy discount spreads. When prices drop quickly the sell premium increases. Bottom line, physical pm buying and selling is much less efficient than electronic trading. Because of this, physical pm is logically a long term proposition. You hold long term to maximize your gain and minimize dealer transaction costs. As a side benefit, physically holding pm has lower carrying cost than paper. So, if you are in it for decades, always buy physical. If you wish to play short term, you are probably better off with paper contracts. I just bought another 100 ounces or so the other day of mainly half dollars on a whim. I just threw it into the sdb with the rest of it. I am not going to worry about short term activity, this will be for my sons.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1946529, member: 26302"]I have been around pm since the first spike and crash in 1980. When prices spike up, the buy discount spreads. When prices drop quickly the sell premium increases. Bottom line, physical pm buying and selling is much less efficient than electronic trading. Because of this, physical pm is logically a long term proposition. You hold long term to maximize your gain and minimize dealer transaction costs. As a side benefit, physically holding pm has lower carrying cost than paper. So, if you are in it for decades, always buy physical. If you wish to play short term, you are probably better off with paper contracts. I just bought another 100 ounces or so the other day of mainly half dollars on a whim. I just threw it into the sdb with the rest of it. I am not going to worry about short term activity, this will be for my sons.[/QUOTE]
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