Message:

<p>[QUOTE=&quot;Just Carl, post: 122942, member: 4552&quot;]There is a constant discusion every day on TV or on these forums for the prices of Gold, Silver, Platinum, Copper, etc. Now I hear so much all the time what a great investment this or that metal is. OK so I take a Silver 1 Oz bar to a coin show just for the fun of seeing this so called value. I approach several dealers and pretend I want to sell it. They naturally either say I don&#039;t want it or I can only give you the going price of Silver minus about 40%. So if I recently bought it for $10 an ounce I would now olnly get about $6 for the same bar. Now I try a few local jewelry stores and am told we don&#039;t buy raw Silver or if they do it to is at approximate 30 to 40% loss of what I paid for it. I then try places that advertise they make thier own jewelry and ask the same question, how much? Again, about 40% less than market price of Silver. </p><p>The reason is simple. Everyone has to make a profit so if they bought it from me for what I paid for it, they would not be making a profit. Now the worst part is if I was really trying to sell that Silver Bar I would have to add the cost of my time, gas for my car, all other transportation fees to go to places to sell it. With the price of gasoline for my car being what it is today, I think I would have to sell one ounce of Silver for about $100 just to come out even. </p><p>&nbsp;&nbsp; With coins it is basically the same. In other words regardless of it is a coin or bullion, the value is only what you can sell it for, not what you buy it for.[/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