Could I get somone with an education to decipher this response?

Nevertheless, I stand by what twinturbo said on why it makes business sense to buy silver in a down market. My only regret is we apparently can't have a technical discussion on this forum without this sort of nonsense.

 

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I actually working out a deal with seller who had out bid me by $100 bucks to for a Latvian gold coin, now he is trying to dump it back in the bay for less than what i originally bid for.

 

I started buying silver bullion a few years ago. Most of my buying was via Ebay, with some some from the dealers at local coin shows. One of things that I learned was that there are two different markets: the paper market (as shown by kitco and large dealers (APMEX, etc) that priced bullion for $X above spot) and Ebay and smaller dealers. They were usually relatively close together but, when silver would have one if it's "corrections," the price on Ebay wouldn't drop. One time the correction occurred during a coin show. I only found one dealer selling bullion, and he was pricing silver a couple dollars above spot - which happened to match the pre-correction price.

As for unverifiable: we are having a correction now. According to Kitco, the price today has been between $28 and $29.25. Bullion prices on Ebay are around $35. Try calling your local coin dealers and ask what they are selling bullion for.

 

Ebay is for sellers looking to auction off silver to the highest bidder and it takes several days for an auction to expire. The discussion is what will a dealer pay for your silver. I checked Ampex. If you are willing to sell them $10,000 worth of silver, they are paying over $31 for ASEs. You can check it yourself. This would seem to absolutely confirm what TwinTurbo said.

 

While an auction may last three days, in the vast majority of cases, bidding is done on the final day. When I spot-checked auctions, only one didn't have any bidding today. And its final bid was after the price had dropped yesterday.

The discussion started with the differences, for an individual, between the physical market and the paper market (with the paper market being options, calls, futures, etc.). One of the differences is how easily you can sell physical silver vs. close out a paper position.

As I said, there are two markets. APMEX and other large dealers who are tied to the paper market quote a price based on the spot price (spot + $X). Local dealers (and Ebay) are not tied to the paper market and take a while to reflect the drop in price if there is a correction.

In addition, you would have a very difficult time convincing me that many of the people who come here to get information about buying silver bullion buy or sell $10,000 worth of silver at a time.

 

The discussion I was responding to was started by TwinTurbo. I recommend you re-read it as the rest of it as the rest of what you posted doesn't have anything to do with that.

In regards to the $10,000 I wouldn't try to convince you of anything as I have no idea what other people's financial situation might be. The point however is that it proves what TwinTurbo said, absolutely. I agreed with him as it makes perfect business sense.