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Could I get somone with an education to decipher this response?
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<p>[QUOTE="thedabbler, post: 1325583, member: 32800"]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.</p><p><br /></p><p><br /></p><p><br /></p><p>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.</p><p><br /></p><p><br /></p><p><br /></p><p>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.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="thedabbler, post: 1325583, member: 32800"]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.[/QUOTE]
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