Long Position on Silver and Gold?

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Originally Posted by ChunkyMonkey

Kitco and north west mint have always had best pricing. Locally, some seller asks for 10-20% over spot.. yikes!

https://online.kitco.com/

http://bullion.nwtmint.com/silver.php

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??

Both of these places are 10%+ over spot for silver eagles even at higher quantities. Much more for smaller quantities especially when you include shipping. What am I missing?

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Originally Posted by beast556

The cheapist I can find eagles locally is 3$ over. That is what I get 90% of the time.

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You paying local sales tax on those?

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Originally Posted by ChunkyMonkey

It'd be cheaper to produce a 100% lower, no? 80% lower gotta be at least 10oz heavier.

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Cheaper yes, but then it wouldn't have to go through a BGC and transfer..... And it actually might not be cheaper from the machining stand point...

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Originally Posted by 10mm-man

I wouldn't wipe my A%& with Nugent's signature...........

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Most of us agree with you. My point still stands... find that specific narrow market with loyal followers, then you'll have yourself a bidding war on low number item.

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Originally Posted by hollohas

??

Both of these places are 10%+ over spot for silver eagles even at higher quantities. Much more for smaller quantities especially when you include shipping. What am I missing?

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It should say over value. Eagle's value obviously is roughly 10% over spot.

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Originally Posted by ChunkyMonkey

Most of us agree with you. My point still stands... find that specific narrow market with loyal followers, then you'll have yourself a bidding war on low number item.

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Good point!!

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Originally Posted by ChunkyMonkey

Weight of a stripped lower is roughly 9oz... $270 in silver, can probably retail for $500 as serialized collectible.

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Lots more than that. Silver is much heavier than aluminum. About 4x heavier. So $1100 in silver, plus waste, plus production costs, you are talking $2k minimum I'd wager.

Thank you J... I am so stupid [facepalm]

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Originally Posted by ChunkyMonkey

Thank you J... I am so stupid [facepalm]

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Not entirely! I think you might be on to something here and it is GENIUS!!

http://finance.yahoo.com/news/great-...221432673.html

SELL SELL SELL! Oh sorry, too late.

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Originally Posted by kidicarus13

http://finance.yahoo.com/news/great-...221432673.html

SELL SELL SELL! Oh sorry, too late.

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:)

I hope it crashes, then I'll be able to buy more.