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Message:: [QUOTE="Bman33, post: 2516886, member: 77126"]I started investing in Silver back in January of this year.  I went in pretty Naive and bought from an LCS that sold me 80oz of silver at $2.00 over spot when it was $14.27.  He said his buy back was $2.00 under spot.  I joined some coin clubs started going to coin shows and found much better options.  For a couple of reasons I sold those 80oz when spot was $17.50.  That was at a coin show and the dealer paid me spot.  I was happy and I made a few bucks.  I have been purchasing silver still and am well over the silver oz mark that I made my first purchase from.  I thought I found the right dealer last month when I purchased a tube of Rounds and some 90%.  He said he would buy back at 20 cents under spot and he sells rounds at $1.25 over spot.  That was very close to what I could do online and I thought I would use this dealer as my go to guy.  Hoping that I could get even better deals if I used him exclusively.  Well  Then some things happened that I don't understand.  Spot was $19.52 a few weeks ago and he sold me some 90% at $14.5xFace.  I went in yesterday to buy some 90% and spot was $19.13.  He tried to sell me at $14.75xFace.  I was kind of upset.  I understand market conditions and supply and demand.  He said he has a lot of stock right now.  That makes sense.  But for the future does anyone have any insight on how dealers change their buy and sell rates.  When silver is hot what happens.  When it drops low what happens?  I am tempted to bail on this dealer and just go back to doing business with Online Website where rounds are 99 cents over and sometimes better and they buy back at spot.  Only drawback is while selling back it has to be over a $1,000.00.  I want a more flexible option to sell back at.[/QUOTE]

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