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Don't buy at these premiums, are you nuts?!
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<p>[QUOTE="Collecting Nut, post: 4266559, member: 74863"]It makes no difference. You're still losing money. Yes you're closer to the spot price but you still paid the dealer markup. In order to show a profit you must sell above spot andvyhe dealer markup. Anything less is s loss.</p><p><br /></p><p><br /></p><p>No matter how you slice it you're still paying $17 per ounce regardless of the spot price. The percentage premium is nothing. All that matters is the price per ounce with all markup costs. Over the years I've made a lot of money in pm's.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 4266559, member: 74863"]It makes no difference. You're still losing money. Yes you're closer to the spot price but you still paid the dealer markup. In order to show a profit you must sell above spot andvyhe dealer markup. Anything less is s loss. No matter how you slice it you're still paying $17 per ounce regardless of the spot price. The percentage premium is nothing. All that matters is the price per ounce with all markup costs. Over the years I've made a lot of money in pm's.[/QUOTE]
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Don't buy at these premiums, are you nuts?!
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