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<p>[QUOTE="goldcollector, post: 4664634, member: 9088"]Well I got them at $5 over which is still not enough to be even</p><p><br /></p><p>Your story is a common one. So common that I even addressed it in the first post in this thread. The original post #1.</p><p><br /></p><p>Yes it's true that if you have someone willing to sell you silver at 50% of current going rates, you should buy that silver. Yes you should. That still doesn't make silver a good play. The rest of the world has to pay close to market rates. Your b&m was selling you 90% under spot while several online dealers were PAYING well over spot. Lol. I think you should stop wasting time on cointalk and go buy out his entire inventory because that's some massive arbitrage right there. </p><p><br /></p><p>I cannot speak to the b&m's practically giving away their inventory and other tall tales of internetville.</p><p><br /></p><p>Here in the real world very little silver has been offered under $27-$30 for some time. Still a far cry from even breaking even. While any and all Platinum and Gold bought over the past 5 months is well into profit territory. The difference with Platinum and gold is you weren't required to find a b&m willing to sell at 50% going rates. I haven't been buying gold lately but over the last 5 months I have bought some 60+ ounces of Platinum, nearly all APEs. I have paid anywhere from $700-$825 for them so I am up anywhere from $125-$250 each. As I could get $950 now. I could easily post screenshoted order summaries from the various online sites. I'm certain we won't see any b&m receipts showing 90% bought under spot in the last 4-5 months, but you do you.</p><p><br /></p><p>I'm sure none of us would advise buying 1988 donruss as an investment. But if you could find someone to sell you a bunch far below market rates, you could actually make a killing on them though. Still doesn't make them a good investment at market rates.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 4664634, member: 9088"]Well I got them at $5 over which is still not enough to be even Your story is a common one. So common that I even addressed it in the first post in this thread. The original post #1. Yes it's true that if you have someone willing to sell you silver at 50% of current going rates, you should buy that silver. Yes you should. That still doesn't make silver a good play. The rest of the world has to pay close to market rates. Your b&m was selling you 90% under spot while several online dealers were PAYING well over spot. Lol. I think you should stop wasting time on cointalk and go buy out his entire inventory because that's some massive arbitrage right there. I cannot speak to the b&m's practically giving away their inventory and other tall tales of internetville. Here in the real world very little silver has been offered under $27-$30 for some time. Still a far cry from even breaking even. While any and all Platinum and Gold bought over the past 5 months is well into profit territory. The difference with Platinum and gold is you weren't required to find a b&m willing to sell at 50% going rates. I haven't been buying gold lately but over the last 5 months I have bought some 60+ ounces of Platinum, nearly all APEs. I have paid anywhere from $700-$825 for them so I am up anywhere from $125-$250 each. As I could get $950 now. I could easily post screenshoted order summaries from the various online sites. I'm certain we won't see any b&m receipts showing 90% bought under spot in the last 4-5 months, but you do you. I'm sure none of us would advise buying 1988 donruss as an investment. But if you could find someone to sell you a bunch far below market rates, you could actually make a killing on them though. Still doesn't make them a good investment at market rates.[/QUOTE]
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