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<p>[QUOTE="omahaorange, post: 1751239, member: 28199"]I tried wading through the three pages, so I may be off base, but here's my take on what you're looking for with your original post:</p><p> </p><p>In reference to the dealer, it's called "Capitalism". Me, I sit in an ambulance all day. That how I make my living. This dealer, he buys and sells precious metals all day. That's how he makes his living. He buys from you at a little below the <b>current</b> spot price (not spot at the time you bought it), then sells it to me at a little above spot. He doesn't generally sit on it until the price goes up. My guess is since the price of silver has dropped he has no problem moving inventory. He keeps the difference, which is split between rent, utilities, taxes, and salaries, with the leftovers putting a little jingle in his pocket. The large money is in his doing this on a large scale, not by one or two ounces at a time.</p><p> </p><p>There are other venues. You could try it yourself, selling for spot and paying eBay fees (like the dealer's expenses, it's the cost of doing business), risking a non-paying bidder, or wasting your time with cancelled transactions, especially if spot drops further. You could place an ad on Craig's List, where you may have a pleasant transaction, or the buyer may not show (wasting time and gas), or worse yet, show up with his buddies. It's a safe bet the dealer will honor his price, and not pull a weapon or club you over the head. It's not such a sure thing using the other options I mentioned. So you can take the safe bet, with the lower odds, and it's generally a guaranteed winner. Take the longer odds (selling yourself), and if you win you win bigger, but the odds of losing it all also increase.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1751239, member: 28199"]I tried wading through the three pages, so I may be off base, but here's my take on what you're looking for with your original post: In reference to the dealer, it's called "Capitalism". Me, I sit in an ambulance all day. That how I make my living. This dealer, he buys and sells precious metals all day. That's how he makes his living. He buys from you at a little below the [B]current[/B] spot price (not spot at the time you bought it), then sells it to me at a little above spot. He doesn't generally sit on it until the price goes up. My guess is since the price of silver has dropped he has no problem moving inventory. He keeps the difference, which is split between rent, utilities, taxes, and salaries, with the leftovers putting a little jingle in his pocket. The large money is in his doing this on a large scale, not by one or two ounces at a time. There are other venues. You could try it yourself, selling for spot and paying eBay fees (like the dealer's expenses, it's the cost of doing business), risking a non-paying bidder, or wasting your time with cancelled transactions, especially if spot drops further. You could place an ad on Craig's List, where you may have a pleasant transaction, or the buyer may not show (wasting time and gas), or worse yet, show up with his buddies. It's a safe bet the dealer will honor his price, and not pull a weapon or club you over the head. It's not such a sure thing using the other options I mentioned. So you can take the safe bet, with the lower odds, and it's generally a guaranteed winner. Take the longer odds (selling yourself), and if you win you win bigger, but the odds of losing it all also increase.[/QUOTE]
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never sell your bullion to a dealer for under spot!
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