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Message:: [QUOTE="rush2112, post: 923935, member: 25570"]Here are the associated costs to buy silver bars at Canada's Scotiabank. Minimum order for silver is 500 ounces. On 10oz bars they charge a commision of $2.25 per ounce or $22.50 per bar.On a minimum order of 500 oz's thats a $1,125.00 profit. To simplify,if silver were $22.50 per ounce thats a 10% profit.If silver fell back to $11.25 per ounce,profit on the same 10 oz bar is 20%.From these simple calculations,lower silver prices are more profitable than high silver prices for the banks. Redemption Policy:Bars can be redeemed at the Main Branch at anytime for spot.The bars must have the banks icon on them and be undamaged,still in plastic holders. Questions:Are these prices in step with American Banks?Can silver be purchased directly from the producer and if not why?[/QUOTE]