Message:

<p>[QUOTE=&quot;dave92029, post: 1282587, member: 26916&quot;]<span style="color: #222222"><font face="Times New Roman">A local jeweler has been advertising on TV and recently opened several small stores around town to buy silver and gold.</font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">I meet some buddies for some Senior Coffee at McDonalds, and on the way out I noticed one of the new stores that this jeweler opened, so i walked in.</font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">The women inside said that she pays 80% of spot for silver, even for 10oz bars of .999 fine. This surprised me since I have noticed on both KITCO and Provident web sites that they are offering spot. The USPS small flat rate box can cost as little as $4.75 with delivery receipt so it appears that shipping is a minor added expense.</font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">I haven&#039;t had a chance to ask my local coin dealer what he pays to buy silver, but I recall asking him a while ago and I remember feeling that the discount taken was pretty steep. The local dealer is very reasonable on selling premiums, especially if I pay with cash. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">I looked at eBay and noticed that people pay a premium to buy gold and silver but when I deduct the 12% eBay/ PayPal fees it appears that the online dealers offer a simpler and better price.</font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">What is the minimum amount that the online dealers require in order to buy PM? If it&#039;s a dollar minimum, can you combine several items, gold and silver to meet the minimums?</font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">I don&#039;t have any immediate plans to sell anything, but it&#039;s always good to have some sort of exit strategy, just in case the need does arrive. :thumb:</font></span></p><p><span style="color: #222222"><font face="Times New Roman"><br /></font></span></p><p><span style="color: #222222"><font face="Times New Roman">Thanks</font></span>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in