Is this a joke? They want $5 over spot and that's for a box of 500, plus shipping & processing fees. Even more for small quantities. And with at least a 3 week delay. As for Tordella & Brookes, that's rip-off city. Shows how little you really know. But you do know how to use a search engine, I'll give you that much. It's one thing to have a reasonable debate, but you sound like a straight up shill who is quite clueless. Let's keep it simple, if you have silver, I'll buy at spot.
Let me put it simply. The correction, which was overdue, was greatly exacerbated by the margin hikes, which were more than peculiar, to say the least. It's well known who the perpetual short side on silver is, and they will be able to put up margin till the whole financial system collapses. Noone is forced to sell a position, but if you are up on silver and your broker asks you for more margin, you would much rather sell than keep it. It's common sense. Any hedge fund focusing on precious metals would sell the position without a question. I don't understand why this is even a debate, it was more than expected that any margin hike on silver would affect the price negatively. Whether from tin-foil maniacs or reputable sources, there was no question that a triple margin hike would negatively affect the silver spot price. The question & concern is why such a drastic hike rather than a gradual one over time.
Then go get em tiger. Take delivery and contract out a mint to smelt some rounds, then sell em on Ebay or craigslist or even at a flea market. Good luck! And yes, the mints have been doing quite well. Apmex wants at least $2 over spot for their bars, more like $2.50 for most customers since they are not buying 500oz worth. And that's via check/wire only. When I happened to buy bars from Apmex, I paid $0.59 over spot and a small surcharge if I decided to pay via credit card. And that was only like 1.5 years ago.
smartass, why don't you sell your silver then and buy silver on something like oanda ? You'd be making an instant buck. don't have silver myself and can't sell it, capiche metalspeculators (with the exeption of silver) have only profited in the US: gold hasn't moved in an inch in europe the last ten months although speculation here is the big word amongst retail investors (lots of friends of mine) for over a year. I told them they were not making a good move. In fact they lost money ...
I talked to 2 dealers, 1 said new shipments coming in May 18, the other said May 27(both only have regular issue silver coins). American Eagles silver dollar (uncirculated) are very rare now, according to US mint website, it will release more in early fall. http://catalog.usmint.gov/webapp/wc...1&parent_category_rn=10191&top_category=10191
This BULLSHIT ! That's not the physical market that's for fucking retail, it's obvious you don't have a clue what arbs do for a living ! Crawl back in your basement or under that stone you came from ...
If you want physical, just take delivery of a delivery-grade bar via COMEX. Voila, you own the physical at no premium. CME Group even have half-size mini-futures, and are introducing 1/10th-size micro futures, so you can own physical at no premium for a mere $18k at current prices. So, what's the issue? If you are playing with less than that, then you are so small that owning physical isn't gonna help you in an apocalypse scenario anyway. <$15k should be spent on tinned food, guns, and ammo. And in a non-apocalypse scenario, SLV does the job for retail pikers just fine.
blunt, can I have some o'dat weed you're smokin. Margin was moved to a 10% level, on something grotesquely bubbled out and you think there was something 'suspicious' about it. We have many amateurs here on et , dont we. Or maybe they know better and just like to appear imbecilic. Could be. This mkt moving too fast for me to waste time here.
Tulving still has some at around a buck over spot and free overnight shipping. Yesterday everything was in stock, today some things are sold out .... If you pay $3 over spot you don't know how to do a google search and some due diligence.