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<p>[QUOTE="omahaorange, post: 1684402, member: 28199"]Your question is way too simple but requires a complex answer. CamaroDMD provided the first part, as most people buy and sell through a third party ("the middleman") who also requires a cut of the pie for his troubles, whether that's shop overhead, storage costs, shipping costs, the interest paid on the money sitting in the precious metals, or a little something for his work. As far as selling peer-to-peer (which I believe is what you actually propose) there are venues already mentioned that do allow you to do this. The big question is...who's willing to buy/sell at melt? Consider that most transactions, even from collector to collector, require three (that's 3) parties, unless somebody mines and refines it themselves. So there will always be a middle man somewhere in the transaction. Why are we buying PMs? Mostly for the speculation that it's cheap when we buy it and the price rises so we can sell at a profit. This is investing. The doomsday preppers stockpiling it for use when the world falls apart are not investing. And most of them are not willing to sell at any price. Consider buying at melt today, and then silver drops six or seven dollars an ounce. Are you, holding onto this, really willing to sell at melt and take a loss, or are you going to hold onto it, waiting for it to go back up?[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1684402, member: 28199"]Your question is way too simple but requires a complex answer. CamaroDMD provided the first part, as most people buy and sell through a third party ("the middleman") who also requires a cut of the pie for his troubles, whether that's shop overhead, storage costs, shipping costs, the interest paid on the money sitting in the precious metals, or a little something for his work. As far as selling peer-to-peer (which I believe is what you actually propose) there are venues already mentioned that do allow you to do this. The big question is...who's willing to buy/sell at melt? Consider that most transactions, even from collector to collector, require three (that's 3) parties, unless somebody mines and refines it themselves. So there will always be a middle man somewhere in the transaction. Why are we buying PMs? Mostly for the speculation that it's cheap when we buy it and the price rises so we can sell at a profit. This is investing. The doomsday preppers stockpiling it for use when the world falls apart are not investing. And most of them are not willing to sell at any price. Consider buying at melt today, and then silver drops six or seven dollars an ounce. Are you, holding onto this, really willing to sell at melt and take a loss, or are you going to hold onto it, waiting for it to go back up?[/QUOTE]
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