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<p>[QUOTE="omahaorange, post: 1348266, member: 28199"]Got a little insight on this about a year ago during an auction. I went out to smoke (nothing I was interested at this point). Couple of the other guys also came out. One was talking about why he paid so much for a bag of junk silver dimes (quite a few dollars over melt). He was speculating that in November and December (month or two down the road) industrial demand would increase for silver, thus driving up the spot price and enabling him to sell at a profit. If I remember correctly I don't think it went up enough. Another auction around the same time, I watched two guys bidding on 5 gram silver bars, paying $12.50 apiece for them (melt, at the time, was less than $5). Same guys got into a bidding war over a 100 mg plated gold bar (clearly marked, total weight was an ounce), with the winner bidding $600. I didn't even want to know what these guys were thinking.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1348266, member: 28199"]Got a little insight on this about a year ago during an auction. I went out to smoke (nothing I was interested at this point). Couple of the other guys also came out. One was talking about why he paid so much for a bag of junk silver dimes (quite a few dollars over melt). He was speculating that in November and December (month or two down the road) industrial demand would increase for silver, thus driving up the spot price and enabling him to sell at a profit. If I remember correctly I don't think it went up enough. Another auction around the same time, I watched two guys bidding on 5 gram silver bars, paying $12.50 apiece for them (melt, at the time, was less than $5). Same guys got into a bidding war over a 100 mg plated gold bar (clearly marked, total weight was an ounce), with the winner bidding $600. I didn't even want to know what these guys were thinking.[/QUOTE]
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