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PM on rise overseas tonight with Ukraine/Russian situation
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<p>[QUOTE="Blaubart, post: 1879757, member: 37498"]Nope, because it is not my intent to play the silver market for a quick flip. I buy it because I like it and because it serves as an insurance policy of sorts. I simply wanted to buy more physical bullion at the lowest price possible.</p><p><br /></p><p>I do flip silver though, and the way I do it, cannot be done with SLV. It can only be done with physical bullion in hand. There are people who don't like ordering bullion online. They either do not trust Internet merchants, or they believe the government is tracking their purchases. I've sold rolls of ASE to these guys at a slightly lower premium than the coin stores, but enough that I can immediately order 21 ASE for every roll that I sell. I have even ordered replacement bullion <i>during</i> the transaction, thus ensuring that I would not lose any money. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>It's getting a little bit more difficult to beat the coin stores right now though, because their premiums are starting settle down a little bit. When silver went down dramatically a little while back, their premiums were $6-7 per ASE. I was loving that! I was getting 22 ASE for every roll I sold.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1879757, member: 37498"]Nope, because it is not my intent to play the silver market for a quick flip. I buy it because I like it and because it serves as an insurance policy of sorts. I simply wanted to buy more physical bullion at the lowest price possible. I do flip silver though, and the way I do it, cannot be done with SLV. It can only be done with physical bullion in hand. There are people who don't like ordering bullion online. They either do not trust Internet merchants, or they believe the government is tracking their purchases. I've sold rolls of ASE to these guys at a slightly lower premium than the coin stores, but enough that I can immediately order 21 ASE for every roll that I sell. I have even ordered replacement bullion [I]during[/I] the transaction, thus ensuring that I would not lose any money. ;) It's getting a little bit more difficult to beat the coin stores right now though, because their premiums are starting settle down a little bit. When silver went down dramatically a little while back, their premiums were $6-7 per ASE. I was loving that! I was getting 22 ASE for every roll I sold.[/QUOTE]
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