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<p>[QUOTE=&quot;kaparthy, post: 578745, member: 57463&quot;]<b>Answers at Spot (Paying 5% under Bid)</b></p><p><br /></p><p><br /></p><p><br /></p><p>You got a lot of good answers, all of them illuminating some aspect.&nbsp; I point out that the &quot;big diffrerence&quot; is small indeed, about 5% or 10% over spot.&nbsp; A good retail mark-up is 60%.&nbsp; If you want to pay spot spot, you have to take delivery, FOB: Free on Board.&nbsp; That means that they take your money and how you get the item -- bullion, lard, or a Mercedes -- is your problem.</p><p><br /></p><p>Look at the &quot;spot&quot; price for wheat and then consider the price of a loaf of bread.&nbsp; You can buy one silver dime at a coin shop.&nbsp; In Chicago, you buy 1000 ounces of silver, about 50 lbs., for about, what? $12,000 or $15,000...&nbsp; </p><p><br /></p><p>Also, it is true that dealers seek profits, of course, but it is a fallacy of our public school socialist thinking that dealers set prices.&nbsp; They could claim A Million Dollars an Ounce if that were true.&nbsp; What sets prices is DEMAND.&nbsp; Other people are in line with you, wanting to pay more than you to get what you want, too.&nbsp; ... or they are not...&nbsp; I went to the MSNS convention&nbsp; last weekend and found lots of bargains.&nbsp; One: I had some cash.&nbsp; Two: the economy sucks and Three: CINC was the same weekend, so things were slow.&nbsp; Money talks.&nbsp; I got great deals.</p><p><br /></p><p>Finally, no one takes &quot;spot&quot; seriously right now.&nbsp; Last October the Chicago Mercantile Exchange (I think it was the Merc, not Comex) refused to deliver bullion and foced people to take their payout in money.&nbsp; That drove the price of physical silver and gold up.&nbsp; Moreover, according to GATA, the central banks are cooking the books to hide their situations, carrying LEASED gold as an &quot;asset.&quot;&nbsp; Thus, the price at the coin shop is the real price because the coins are really there when you really want them.[/QUOTE]</p><p><br /></p>

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