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Message:: [QUOTE="medoraman, post: 1680312, member: 26302"]Another way to look at it is to ignore what they paid. Think of it this way. A store has to have an inventory. Lets say they need to carry 100 ounces. They buy and sell every day, and average always around 100 ounces of junk silver. So, TODAY they might be paying 18x face, (or less) reflecting a $27.xx spot market. So therefor TODAY you should be paying 19.5-20x face ALSO reflecting a $27.xx spot market. Today's SELL price is what you should be basing today's BUY price on, not what the dealer paid. He could have bought his base stock in 1992 paying $4 an ounce, or 2010 paying $40. Does it matter to you? It shouldn't. Just another way to look at it. I am simply showing everyone this stuff so they don't "feel guilty" about only paying $28 when the dealer pulls out the sob story about how they "paid $33" or whatever. Dealer's never tell you a "sob story" when they are profiting $5 an ounce based upon market levels. So, toughen up, ignore any sob stories you might hear, and strictly make your purchase decisions on todays market and what price you wish to pay. If a dealer loaded up at $34 in anticipation of higher markets, he was greedy and that is HIS problem, not yours. It would have been HIS profit if it went up, so it needs to be HIS loss now, not the PM buyer's.[/QUOTE]