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<p>[QUOTE=&quot;medoraman, post: 1733337, member: 26302&quot;]True. No one said road shows were not ripoffs. I actually participated in a police sting when I was a teenager during the 1980 runup. </p><p><br /></p><p>However, I still do not view in today&#039;s market environment $1.50 under spot for bullion a &quot;ripoff&quot;. Just my opinion. Btw, you might be new to bullion, but I will tell you with confidence historically bullion rounds and bars were ALWAYS discounted by this much if you sold to a dealer. Heck, when silver was trading for $4 you were lucky if you could find a dealer paying $3 for junk 90% or rounds, and you NEVER paid a cent over spot for either of those two unless you were a sucker. For a few years I had an arrangement where a seller who was offered a fair price of 2.7 times face would sell to me for 3 times face. My purchase price, (at the same store who would buy his from him), was 3.3 times face, so we both benefitted. Its well documented the buy/sell spread is devastating to profitablity on PM. This is why I ONLY advocate buying pm as a hobby or a long term hold. If you wish to try to day trade pm, do it in paper.[/QUOTE]</p><p><br /></p>

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