- This topic has 10 replies, 4 voices, and was last updated 7 years, 6 months ago by moneymaker.
August 3, 2015 at 2:09 PM #21630August 3, 2015 at 2:18 PM #788474poorgradstudentParticipant
Presumably manufacturing and shipping costs, along with profit taking?August 3, 2015 at 2:49 PM #788475
Other than maybe a small amount I don’t know why one would want to hold on to the physical stuff but that’s just me I guess.
Unless you had some marketable use for it.
I am looking for it to get below 10 before I buy some (SLV), don’t know if it will get there.August 3, 2015 at 3:20 PM #788476
Yeah it would probably be ’08 all over again if it gets to that level. While soaking in the sun though I got to thinking-most retailers mark their stuff up 100% so I guess 12.77% isn’t too bad, last time I bought at the same place though it was $1 over spot and I thought that was too high.August 3, 2015 at 7:05 PM #788478SK in CVParticipant
Whatever the market will bear. .25 to .75 per oz discount to sell or premium to buy is not atypical. It’s also a relationship thing. Whatever the dealer thinks he can get from you, he will. That spread could be higher if you’re buying or selling a little junk. Maybe lower if you’re buying or selling a 1000 oz bar.August 3, 2015 at 7:44 PM #788479
I agree .25 to .75 would be normal and usually get a .25 break when buying 100 oz. or more but $1.75 on 100 oz. seems way too high to me. I can buy online for around $1 but think I’ll check out SLV etf instead.August 4, 2015 at 10:26 AM #788480poorgradstudentParticipant
I just saw that gold is flirting with $100. Although I’m not that into precious metals, I wonder at what point it becomes a screaming buy?August 4, 2015 at 11:13 AM #788481
Don’t know Gold seems to me kind of a Game-Over panic play (like 2007-11).
Silver is used in PV cells and electronics etc… So I could see some demand if the economy picks up and maybe as a panic play in case that occurs.
I picked up a (very small) position in a startup Lithium miner kind of on the same PV energy storage game. I guess we will see how that plays out over the next 10 years.August 4, 2015 at 8:00 PM #788485
So Shoveler how does SLV work do they buy actual silver?August 5, 2015 at 6:27 AM #788487
Well I like to think of it that way (some big warehouse filled with silver LOL).
But they do hold at least some.
This is what I got off the web.
SLV currently holds over 325 million ounces of silver in its trust.
I think it is kind of like the qqq’s or index ETF’s. it’s not just physical silver but it tries to come close to that as possible.November 6, 2015 at 8:53 AM #791059
Time to buy silver! SLV is around $14
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