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Why are you buying silver for 5 bucks over spot?
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<p>[QUOTE="alucard86, post: 4403124, member: 71849"]No coin shop or smelter to deal with to cut down your profit margin. With the trade apps you can buy and sell at anytime. The ETF does stay relatively close to the actual spot price of silver. In this case $1.14 under spot. Sure metals are a hedge against inflation and a "savings" account, but we all want a profit eventually when we sell. If you can only get silver at $11.99 (online) over spot for 1 ASE, or $7.10 (LCS) over spot why bother with physical when you go with an ETF as a newcomer or seasoned stacker who doesn't want to pay $7.10-$11.99 over spot?</p><p><br /></p><p>I sold my stack when silver was close to $18. I had a thread discussing it last year. I got into silver when it started to fall below $20 back in Spring of 2013. Then stopped and waited. When silver fell below $16 and $15 I got back in and at that time my LCS were still doing $2 over spot for an ASE and Maple Leafs for spot. Then I stopped when silver got back into the $16s. Then slowly bought 90% during that time then stopped. Held for 2 years and finally sold the stack in late 2019. Made a very good profit. I wanted to get back in at $11.90 - $13.50 but no one would sell for a decent price or even attempt to make a deal.[/QUOTE]</p><p><br /></p>
[QUOTE="alucard86, post: 4403124, member: 71849"]No coin shop or smelter to deal with to cut down your profit margin. With the trade apps you can buy and sell at anytime. The ETF does stay relatively close to the actual spot price of silver. In this case $1.14 under spot. Sure metals are a hedge against inflation and a "savings" account, but we all want a profit eventually when we sell. If you can only get silver at $11.99 (online) over spot for 1 ASE, or $7.10 (LCS) over spot why bother with physical when you go with an ETF as a newcomer or seasoned stacker who doesn't want to pay $7.10-$11.99 over spot? I sold my stack when silver was close to $18. I had a thread discussing it last year. I got into silver when it started to fall below $20 back in Spring of 2013. Then stopped and waited. When silver fell below $16 and $15 I got back in and at that time my LCS were still doing $2 over spot for an ASE and Maple Leafs for spot. Then I stopped when silver got back into the $16s. Then slowly bought 90% during that time then stopped. Held for 2 years and finally sold the stack in late 2019. Made a very good profit. I wanted to get back in at $11.90 - $13.50 but no one would sell for a decent price or even attempt to make a deal.[/QUOTE]
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Why are you buying silver for 5 bucks over spot?
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