Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Where do you go to find Silver Price?
>
Reply to Thread
Message:
<p>[QUOTE="Brett_in_Sacto, post: 2410191, member: 71510"]First, the markets operate on a real time price that is continuously changing. Some quote live price, others are delayed - usually by 15-20min - sometimes by more or less. Find out what you are looking at and why it's different. Then you can judge where the real market is. Also, find out where they are pulling their market from. Are they basing it on the London fix, or US pricing from some other source?</p><p><br /></p><p>Second, there is "bid" and "ask" prices. Some quote both, most quote "ask" since it is in their best interest to be at the higher end of the spectrum when selling. The spread on silver bullion is usually 10 cents - give or take. That will grow as the value per OZT grows. I think bid/ask is $5 or more on gold now.</p><p><br /></p><p>Third - there is the premium over spot. Question for your prospective seller - premium over bid or ask. Usually it's over ask.</p><p><br /></p><p>Last - you may burn a lot of time researching cents. Now if you're buying thousands of OZT - it matters. And I'm NEVER one to say "it's just a few cents, who cares" but consider your time and the value of it. </p><p><br /></p><p>So, in short - take all this into account, research your various sites and make your own decision about the real market.</p><p><br /></p><p>Cheers![/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2410191, member: 71510"]First, the markets operate on a real time price that is continuously changing. Some quote live price, others are delayed - usually by 15-20min - sometimes by more or less. Find out what you are looking at and why it's different. Then you can judge where the real market is. Also, find out where they are pulling their market from. Are they basing it on the London fix, or US pricing from some other source? Second, there is "bid" and "ask" prices. Some quote both, most quote "ask" since it is in their best interest to be at the higher end of the spectrum when selling. The spread on silver bullion is usually 10 cents - give or take. That will grow as the value per OZT grows. I think bid/ask is $5 or more on gold now. Third - there is the premium over spot. Question for your prospective seller - premium over bid or ask. Usually it's over ask. Last - you may burn a lot of time researching cents. Now if you're buying thousands of OZT - it matters. And I'm NEVER one to say "it's just a few cents, who cares" but consider your time and the value of it. So, in short - take all this into account, research your various sites and make your own decision about the real market. Cheers![/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Where do you go to find Silver Price?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...