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<p>[QUOTE="SilverSurfer, post: 803277, member: 21603"]A few things here to consider. Buying at 16....sell at 18? I'm guessing you mean spot price. So, spot is $16, and you go to buy. And when you get to the coin shop you find out that the dealer wants $2.5 over spot to sell. So, you buy ASE for $18.50. Then, the spot hits $18, and you go to sell. And you find that same dealer is only buying for $1 less than spot for ASE. So, you sell for $17. You just lost $1.50, even though you bought at a lower spot price and sold at a higher one.</p><p> </p><p>So, you get fed up and notice that the spread is less on line at a national dealer. So, you buy when silver is at $16, and pay a $3 shipping charge to get it. You paid $19, to get a ASE. Now you wait till the price gets to $18, and decide to sell. Who's paying the shipping charge? Again? Forget it...you decided to sell to a local dealer to save the shipping charge, but find out that he is only buying for $1 less than spot. You sell for $17 and are out $2.</p><p> </p><p>The point being, unless you are an inside trader, you aren't going to make quick money on bullion investing. You need to buy when the price is down, yes. But, you also need a substantial price increase before you sell, to compensate for the premium or shipping charge that you paid.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 803277, member: 21603"]A few things here to consider. Buying at 16....sell at 18? I'm guessing you mean spot price. So, spot is $16, and you go to buy. And when you get to the coin shop you find out that the dealer wants $2.5 over spot to sell. So, you buy ASE for $18.50. Then, the spot hits $18, and you go to sell. And you find that same dealer is only buying for $1 less than spot for ASE. So, you sell for $17. You just lost $1.50, even though you bought at a lower spot price and sold at a higher one. So, you get fed up and notice that the spread is less on line at a national dealer. So, you buy when silver is at $16, and pay a $3 shipping charge to get it. You paid $19, to get a ASE. Now you wait till the price gets to $18, and decide to sell. Who's paying the shipping charge? Again? Forget it...you decided to sell to a local dealer to save the shipping charge, but find out that he is only buying for $1 less than spot. You sell for $17 and are out $2. The point being, unless you are an inside trader, you aren't going to make quick money on bullion investing. You need to buy when the price is down, yes. But, you also need a substantial price increase before you sell, to compensate for the premium or shipping charge that you paid.[/QUOTE]
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