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<p>[QUOTE="Deadline, post: 2864508, member: 83423"]What you only need to watch is the "ask" price. There is spot, bid and ask. Spot is the price that the metal is trading at. Ask is the base starting price then the sellers premium is added on from there. So if the price of an ASE is at $21 and spot/ask is $18 then the markup or premium is $3 or roughly 16%. You want to try and get in around 7% or less. On ASE's that's going to be difficult but it is a baseline nonetheless. Here is some great info on investing in silver.</p><p><a href="https://www.jmbullion.com/investing-guide/buying-physical-metals/how-to/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.jmbullion.com/investing-guide/buying-physical-metals/how-to/" rel="nofollow">https://www.jmbullion.com/investing-guide/buying-physical-metals/how-to/</a></p><p><br /></p><p>Watch the spot prices daily and buy on the dips. Come up with a plan and always take liquidity into account when making a purchase. FWIW when we say "spot" what we are really referring to is "ask price". Watch out for so called deals on denominations smaller than 1 troy ounce. Everything is based off of spot which is an ounce. Some dealers advertise a half ounce at .69 over spot but in reality you have to double that to get the real premium they are charging which would be $1.38 an ounce which for generics is way to high. Stick to common weights as well. 1 ounce coins, 10ozt., kilo's and 100ozt. bars.[/QUOTE]</p><p><br /></p>
[QUOTE="Deadline, post: 2864508, member: 83423"]What you only need to watch is the "ask" price. There is spot, bid and ask. Spot is the price that the metal is trading at. Ask is the base starting price then the sellers premium is added on from there. So if the price of an ASE is at $21 and spot/ask is $18 then the markup or premium is $3 or roughly 16%. You want to try and get in around 7% or less. On ASE's that's going to be difficult but it is a baseline nonetheless. Here is some great info on investing in silver. [url]https://www.jmbullion.com/investing-guide/buying-physical-metals/how-to/[/url] Watch the spot prices daily and buy on the dips. Come up with a plan and always take liquidity into account when making a purchase. FWIW when we say "spot" what we are really referring to is "ask price". Watch out for so called deals on denominations smaller than 1 troy ounce. Everything is based off of spot which is an ounce. Some dealers advertise a half ounce at .69 over spot but in reality you have to double that to get the real premium they are charging which would be $1.38 an ounce which for generics is way to high. Stick to common weights as well. 1 ounce coins, 10ozt., kilo's and 100ozt. bars.[/QUOTE]
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