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<p>[QUOTE=&quot;goldcollector, post: 2717343, member: 9088&quot;]well it depends on where you are selling. If you sell somewhere like ebay dont forget you have to factor in all the costs that come along with that. Sure any silver thats sells on ebay usually goes for $2-$3 over spot but by the time you pay ebay, paypal, and USPS shipping you are at spot or more likely a little under.</p><p><br /></p><p>None of the online sites ( apmes, jmbullion, provy, gainesville) will pay you spot for 90% or really any silver besids maybe ASE you may get spot + 50 cents tops and remember you have to mail it and pay shipping + insurance so you still take back under spot.</p><p><br /></p><p>Every LCS in the seattle area I promise you is paying right now no more than $16 for silver and maybe $17 for ASE.</p><p><br /></p><p>I can see where you might get lucky every now and then and find someone online to buy your silver for you at spot + $1 or so and cover the shipping but most of the ads posted here at cointalk or facebook are still there a week or a month later.</p><p><br /></p><p>I would guess that even sites like jm bullion and provy etc etc are barely getting spot plus a few cents for their silver when you factor in the fact that they have to pay the shipping and insurance on the package.</p><p><br /></p><p>jm bullion sells that 10 ounce at spot free shipping even though its limited to 10 ounces each that clearly means they are selling it under spot when they pay shipping.</p><p><br /></p><p>i dont know maybe you guys have found a sweet spot because we have a lot of posters here on this board claiming they always buy their 90% under spot, even well under spot and then others who claim they always sell over spot. thats fine maybe you guys should join up and make some arbitrage money.</p><p><br /></p><p>its possible some parts of the country buy high and other parts sell low. you guys should see what you can do.</p><p><br /></p><p>If you are really one of those people that is a good wheeler and dealer then fine but that doesnt have anything to do with playing the GSR. If you can really sell your silver for &quot;a good premium over spot&quot; then you would probably do well buying it for spot and selling it for profit. Fairly easy to find it for spot, there are even several internet sites that sell at spot with free shipping. Although the quantities are limited like jm bullion 10 ounce and silver dot com 10 ounces and there is another site that offers 10 ounce at spot free ship I cant remember the name. </p><p><br /></p><p>thats great if that works for you. Thats just not the point I was making with this thread. and this thread was not an anti-silver thread. it goes both ways. I keep hearing here on this board and elsewhere to buy 1 and wait for the GSR to move in your favor then swap. Thats crazy. Like someone else said that assumes it moves in your favor, which you dont know it will. over the years I have been here they have been saying buy silver wait for GSR to drop, then swap. During those years the GSR has not dropped but expanded dramatically. thats just proof noone knows that the GSR is going to go one way and anyone who took that advice ended up with less gold , not more.</p><p><br /></p><p>It just doesnt make sense to buy gold with the intent of later swapping for silver. Or to buy silver with the intent of later swapping for gold. Step 1 is the first and final step- buy what you intend to have dont try to play silly games swapping back and forth between metals because thats pretty much a guarantee that you are going to lose.</p><p><br /></p><p>to me this play the GSR and swap back and forth sounds an awful lot like people with their gambling systems that cant lose, but I promise you always do. So I am not trying to get certain easily upset people upset but when something is just plain stupid then its just plain stupid and with all the groupthink here someone needs to say it.[/QUOTE]</p><p><br /></p>

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