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<p>[QUOTE="myownprivy, post: 3405417, member: 84588"]You make a fair point that a person could buy lower premium silver instead, or they could hunt for deals. </p><p><br /></p><p>But here's the problem with that. I already showed in a previous post that buying a cheaper version of silver (like a 10 oz bar as the OP does instead of a Silver Eagle) will still result in losing 9% because of the slightly over spot price one will pay and the slightly under spot price when they sell. The same spread holds true for generic rounds.</p><p><br /></p><p>You seem to also suggest: how about I hunt for great at spot deals and buy only at those times? </p><p><br /></p><p>A few problems with that: 1) there aren't many at spot deals that exist. And if they do, you will devote time (which has a value) to trying to find them. This time devotion wouldn't calculate into your expenses if this is a hobby, but if we are talking about it as investment, we need to consider it as a cost</p><p>2) buying only at a spot will result in a large random holdings of silver, which will make them harder to sell back. Bullion dealers do pay less when they have to do more work to decide what to pay you. It will also make it harder for you store all this random junk</p><p>3) Buying lots and lots of different random, at spot silver will increase the likelihood of buying counterfeits because you will have to familiarize yourself with many different types of silver. Contrast this to the person who buys only silver Maples or Eagles. He knows exactly what to look for and is therefore less susceptible to missing a counterfeit</p><p>4) You are ultimately describing a hypothetical which is impossible for any forum poster to analyze in a comparison in this thread. Therefore, we need to use online bullion dealers' prices that we can all read so we can make a fair comparison.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3405417, member: 84588"]You make a fair point that a person could buy lower premium silver instead, or they could hunt for deals. But here's the problem with that. I already showed in a previous post that buying a cheaper version of silver (like a 10 oz bar as the OP does instead of a Silver Eagle) will still result in losing 9% because of the slightly over spot price one will pay and the slightly under spot price when they sell. The same spread holds true for generic rounds. You seem to also suggest: how about I hunt for great at spot deals and buy only at those times? A few problems with that: 1) there aren't many at spot deals that exist. And if they do, you will devote time (which has a value) to trying to find them. This time devotion wouldn't calculate into your expenses if this is a hobby, but if we are talking about it as investment, we need to consider it as a cost 2) buying only at a spot will result in a large random holdings of silver, which will make them harder to sell back. Bullion dealers do pay less when they have to do more work to decide what to pay you. It will also make it harder for you store all this random junk 3) Buying lots and lots of different random, at spot silver will increase the likelihood of buying counterfeits because you will have to familiarize yourself with many different types of silver. Contrast this to the person who buys only silver Maples or Eagles. He knows exactly what to look for and is therefore less susceptible to missing a counterfeit 4) You are ultimately describing a hypothetical which is impossible for any forum poster to analyze in a comparison in this thread. Therefore, we need to use online bullion dealers' prices that we can all read so we can make a fair comparison.[/QUOTE]
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