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What does "7.1 x spot" mean?
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<p>[QUOTE="Dougmeister, post: 2845099, member: 56842"]When buying 90% Silver U.S. quarters.</p><p><br /></p><p>At the time of this posting:</p><p>Silver Price: <i>$17.87 / troy ounce</i></p><p>Total silver value (of a single quarter) is<i> <b>$3.23</b></i></p><p><i><br /></i></p><p><i>So... <b>what does "7.1 x spot" mean?</b></i></p><p><i><b><br /></b></i></p><p>I Googled it and someone said:</p><p><br /></p><p>"SPOT price is the spread between the bid and ask prices ..."</p><p><br /></p><p>If that is true, how do I know what the current bid/ask prices are?[/QUOTE]</p><p><br /></p>
[QUOTE="Dougmeister, post: 2845099, member: 56842"]When buying 90% Silver U.S. quarters. At the time of this posting: Silver Price: [I]$17.87 / troy ounce[/I] Total silver value (of a single quarter) is[I] [B]$3.23[/B] [B][/B] So... [B]what does "7.1 x spot" mean? [/B][/I] I Googled it and someone said: "SPOT price is the spread between the bid and ask prices ..." If that is true, how do I know what the current bid/ask prices are?[/QUOTE]
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