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<p>[QUOTE=&quot;medoraman, post: 1089228, member: 26302&quot;]Agreed, and not enough lay investors believe/understand this. When the market broke in 1980 people were trying to sell and getting offered $5/$7 under spot for their silver, when they had paid $3 over in their rush to get into the silver market just a month before. There is very heavy dealer profit margins to overcome when trying to invest in physical commodities. Yes, when you buy at $10 and the price is $30 you will make a profit, commodities just are less liquid and/or much more expensive transaction costs than other investments.</p><p><br /></p><p>To be fair to dealers, since they cannot trade these immediately they are taking a timing risk, so they charge more when the market going up, and pay less when its going down. I am not begrudging them anything, just explaining how the market works.[/QUOTE]</p><p><br /></p>

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