Message:

<p>[QUOTE=&quot;buckeye73, post: 5265071, member: 93155&quot;]The LCSs are paying about 10 to 15% below melt.&nbsp; They typically hedge on buying to avoid getting caught with high priced inventory when silver spot declines, along with the fewer buying customers&nbsp; than normal. BTW, the LCSs also sell lower than the big bullion sellers.&nbsp; It should be noted that .69 times FV is effectively 5% (.69 versus.723) below melt for 90% silver.&nbsp; That’s acceptable to me versus packing, shipping, insuring and waiting for a check from a big bullion buyer.&nbsp; Also, the Executors wanted the Estates settled before the end of 2020.&nbsp; As is frequently the case, I must act on some transactions quicker than optimum. </p><p><br /></p><p>Pre-COVID-19 shutdown, we had a local show (which I did not attend) at which some bullion buyers were actually buying above melt according to an attending friend.[/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