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<p>[QUOTE=&quot;clembo, post: 434885, member: 8033&quot;]<b>Finding the silver</b></p><p><br /></p><p>For those that have not really read through the threads in depth I repeat. Find the silver (physical) without a huge premium. Just not happening basically.</p><p><br /></p><p>Perfect example. We have a customer that comes in almost every Friday for 20 silver dimes. Always at 10x face or lower.</p><p>Last Friday the spot dropped but our sell went to 11x face. People aren&#039;t selling and, yes, dealers do not want to lose money on everything they sell.</p><p>He said he would buy elsewhere which honestly surprised my boss.</p><p><br /></p><p>Guess who was in again today? You got it - he found out he drove around wasting gas to find no silver or higher prices. So today the boss raised it up to 12X face.</p><p><br /></p><p>Guy questioned it but has been doing some reading as well. He wants the real stuff. Bottom line is he ended up purchasing 2 silver rounds at $16 each. More than his usual purchase. 10:1 he&#039;ll be back next week.</p><p><br /></p><p>The &quot;fake spot&quot; price is wreaking havoc on dealers all over. Not long ago we would buy at 10x and sell at 12x. Now we buy (when it trickles in) at 8x and sell at 12x?</p><p><br /></p><p>Businesses still need to make money not lose it. Most (customers) are beginning to understand this.</p><p><br /></p><p>I talked to a guy today that is supposed to bring in some &quot;junk&quot; tomorrow. Told him we&#039;d be at 8x. Sounds like he has a bunch of quarters from the 30s. If they&#039;re decent I&#039;ll buy some from the boss at 12x.</p><p><br /></p><p>Yes, I&#039;ll pay the same spread my only advantage is I can cherry pick.[/QUOTE]</p><p><br /></p>

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