Message:

<p>[QUOTE=&quot;cubenewb, post: 1076398, member: 25644&quot;]Fatima, I&#039;m sorry but you are just blatantly wrong. You do not need a justification for choosing apples in that case, I&#039;m not sure I know what you are even talking about? As was mentioned earlier, you are adding together two values that are independent of another. When you sell the coin, it&#039;s either at face value, or melt value. Sure there are implicit &quot;costs,&quot; but in the way these are traded, they never really matter. What about the following doesn&#039;t make economic sense?</p><p><br /></p><p>Buy 10,000 mercs for 90% of spot value == -$18,180</p><p>Smelting/Refining/Silver Loss&nbsp; === -$1,000???</p><p>Sell 723.4 oz. at $28.00 per oz&nbsp;&nbsp; ==&nbsp; 20,255</p><p><br /></p><p>In that case I assumed the costs of refining/loss of silver to be 1,000 (I have absolutely no idea what they would be for such a quantity). If that&#039;s realistic the person made 1,000 bucks by melting them. Of course it makes economic sense, it&#039;s just one would have to do it on a massive scale (and isn&#039;t it illegal? I&#039;ve heard opinions saying it is.... I thought it was?). Either way there should be no questioning of &quot;economic sense&quot; if one buys mercuries for less than melt and the refining cost and resells them for melt (obviously above the costs incurred... hence a profit and therefore economic viability).</p><p><br /></p><p>edit: I do see what you are getting at, but the opportunity cost is still not enough to make the practice unprofitable.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in