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never sell your bullion to a dealer for under spot!
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<p>[QUOTE="omahaorange, post: 1751838, member: 28199"]Keep in mind the "spot price" of silver is not the set pricing. The margins for profits on buying and selling are not set in stone either. The spot price sets the base line for pricing, but you can price your stuff at any level you want. Profit is determined by how I paid to buy the stuff versus how much I sell it for. The lower I buy, and the higher I sell, the more money I make. Like I said, there is no law governing the "margins" (which I assume you mean as the level below spot you're being offered). I seriously doubt a dealer treated you like an idiot unless you tried to argue spot pricing (which you apparently don't fully understand) with him and asked for an unacceptable amount. Keep in mind that if you paid $40 for an ounce of silver, and the spot price is now $20, you <b>will lose money</b> on the sale. Any argument to the contrary will make you look like the proverbial idiot. Especially if you are only selling a couple ounces. Remember, volume is what generates the most revenue.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1751838, member: 28199"]Keep in mind the "spot price" of silver is not the set pricing. The margins for profits on buying and selling are not set in stone either. The spot price sets the base line for pricing, but you can price your stuff at any level you want. Profit is determined by how I paid to buy the stuff versus how much I sell it for. The lower I buy, and the higher I sell, the more money I make. Like I said, there is no law governing the "margins" (which I assume you mean as the level below spot you're being offered). I seriously doubt a dealer treated you like an idiot unless you tried to argue spot pricing (which you apparently don't fully understand) with him and asked for an unacceptable amount. Keep in mind that if you paid $40 for an ounce of silver, and the spot price is now $20, you [B]will lose money[/B] on the sale. Any argument to the contrary will make you look like the proverbial idiot. Especially if you are only selling a couple ounces. Remember, volume is what generates the most revenue.[/QUOTE]
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never sell your bullion to a dealer for under spot!
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