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What would the spot price of silver have to go to in order to profit from selling?
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<p>[QUOTE="Collecting Nut, post: 3186069, member: 74863"]Ok, now we understand a little more about what you are asking. As a general rule but not always the case, you will pay $2.00-$4.00 over spot for an ounce. The same for selling, you can expect to receive $2-$4 under spot. It depends on a lot of factors, dealers, where you live, what's happening in the market, etc. </p><p><br /></p><p>You should keep good records so you know what you paid. You can lower your price per ounce by averaging.</p><p><br /></p><p>As an example, if you paid $16.00 for 1 ounce and the price dropped to $14.00, buy another ounce. You now have 2 ounces of silver at a cost of $15.00 per ounce. This only helps in the future as you are assuming the price will go up in the future. If the price does rise, then it doesn't have to go as high in order to break even.</p><p><br /></p><p>PM's are a risky investment and you must be willing to hold for long periods of time. Forget percentages and you actual figures. 10% of $16.00 is $1.60 and 10% of $14.00 is $1.40. That's a difference of 20 cents. 10% of $15.00 is $1.50. Averages do not work on a percentage basis when trying to figure when to sell.</p><p><br /></p><p>I don't know of any dealers that charge a percentage of spot. They all change a set fee. Some take less, others more.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 3186069, member: 74863"]Ok, now we understand a little more about what you are asking. As a general rule but not always the case, you will pay $2.00-$4.00 over spot for an ounce. The same for selling, you can expect to receive $2-$4 under spot. It depends on a lot of factors, dealers, where you live, what's happening in the market, etc. You should keep good records so you know what you paid. You can lower your price per ounce by averaging. As an example, if you paid $16.00 for 1 ounce and the price dropped to $14.00, buy another ounce. You now have 2 ounces of silver at a cost of $15.00 per ounce. This only helps in the future as you are assuming the price will go up in the future. If the price does rise, then it doesn't have to go as high in order to break even. PM's are a risky investment and you must be willing to hold for long periods of time. Forget percentages and you actual figures. 10% of $16.00 is $1.60 and 10% of $14.00 is $1.40. That's a difference of 20 cents. 10% of $15.00 is $1.50. Averages do not work on a percentage basis when trying to figure when to sell. I don't know of any dealers that charge a percentage of spot. They all change a set fee. Some take less, others more.[/QUOTE]
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What would the spot price of silver have to go to in order to profit from selling?
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