Silver Buyers Here Think They Should Get A 20% Discount?

"Want a business partner?"

If you're ever in N.J let me know and I can give you the shops address. From N.J it's just a trip across the bridge to Brooklyn.

"Two trips a day with a 10-20% margin on $10,000 would make me $2-4000/day."

$2-4k isn't bad if you don't mind the drive. I prefer my 1hr drive to A.C to the hold'em tables, or sports action from the comfort of my couch. Less work, more reward.

Hey Mint MarQ, Not sure about all this, I am kind of new to here, but surely not new to this game as played in with old toys, old guns, military colectibles and I am sure a few more fields. Right or wrong, I have been through this time and time again. I would have to say that I feel safer and more well treated here then the other forums I am a part of. (Did I just end a sentance in a preposition? Don't tell my wife- she'll make me chage it!).

I can tell you about two deals I have had on here, may be that will help.

#1) I got real antzie for 2010 Proof ASE. Put a "WTB" on here and won one on " ebay". I got a good price on ebay (looking at completed auctions), and payed $58 total delivered to my house.......somebody came through here and I payed his offer w/o haggle, got it for $55 to the house.

#2) Making a deal to trade silver for 1 oz of Gold. The guy here wanted $1400 for his gold,(which I thought was a little HIGH!), but when he replied with what silver of mine he wanted and what HE valued it at, that was also very high! So in the end I thought it was a good trade.

Such is life!

Last time I checked there were no guarantees of a positive outcome when betting on hold 'em or sports.

As evidenced by the current bids (0) in the bullion section of the auctions, this is more of a coin collecting/accumulating type place.

Selling on CCF will yield substantial savings (10%?)when compared to ebay, the cost of shipping also detracts from the bid.

I can pay current spot from my closest dealer, why pay shipping?

So it comes down to whether the seller wants offers or not.

If offers are not welcome and the price is the price, period, just say so.

I have to say, I totally respect the pure coin collectors Bvalania, or the others who invest for what ever reason, to each his/her own I always say. There is a countless amount of things to collect or invest in, it is up to you as an individual to make the best choices which best effect your situation in what you perceive as a positive way.....

Again not to jump tracks from main subject, but like Odentheviking I have dabbled in many collectibles. I have 3 grand in Asian robots, via Popy/Bandai Godaikin and I am a member of another board called robotsjapan. You may recall some from your chidhood if you are from my generation of the early 70's, Voltron, Godmarz, Daltanias, Daimos, Sun Vulcan, Danguard Ace, Voltes V, Combattler, and on an on an on. You would not believe the under the radar market for these PRE Asian transforming robots which fire neat missiles/fists etc, like the shogun warriors you will recall from the 70's, like Mazinger Z. I saw a Tetsujin 28 (you may recall the cartoon gigantor, boy with remote control which controlled huge blue robot) recently sell on ebay for 3400 and have never seen a nice complete one bring less than 3000. Pure steel amazing engineering, magnetic armour which when removed exposes a elevator system for repair droids within robots leg, this thing is huge over 2 feet tall. Many of the other big name robots bring 500 to 1000 all day, and just like precious medals, their value only increase as they get older, esp if complete, box nice, etc. I know this is way off subject, but I share this info, because who knows some of you probably have some up in attic collecting dust not known to anyone, and the item could be worth hundreds if not thousands.....

I am thinking seriously about selling entire collection while they are bringing big money an converting into gold an silver....

Like me, you may have lived through the Hunt run-up and crash, but almost no one is aware of what happened. Here's the real story.

The Hunts wanted to compile a lot of silver. They did this by buying contracts on the commodity exchange.

Normally, a contract is created when a miner wants to have a steady, known income. If the mine produces 50,000 ounces of silver a month, it promises to sell 10 contracts at today's price, plus interest + storage cost, with delivery in Sept.

A jewelry maker will need 50,000 oz of silver in Sept, but wants to lock in today's price without tying up all that money, so he buys 10 contracts, paying today's price plus I+S (which he'd have to pay if he bought the silver outright), putting 5% down to seal the deal, the rest due on delivery. Miner has a guaranteed sale, jeweler has a guaranteed supply, everyone's happy.

If the miner wants to sell contracts but there are no buyers, a speculator buys them. He hopes silver goes up a dollar before he sells, and he'll make $5000 per contract, which he only had to put up $1000 to control. Silver goes up 20%, he makes 500%.

Normally, there are a group of miners and a group of users needing roughly the same amount of silver. In the meanwhile, there are a bunch of speculators buying and selling contracts.

Come sept, the speculators sell their contracts to the users (with luck, at a profit). As long as mining and use are roughly equal, everything is fine.

Instead, the Hunts didn't sell their contracts giving them the rights to buy silver at a fixed price. They said "here's the rest of the money, give us the silver we contracted to buy."

Problem is, miner has 50,000 oz, user wants 50,000 oz, but so do the Hunts, and they have contracts guaranteeing delivery. Now the sellers of those contracts (other speculators expecting silver to go down) have to come up with 50,000 oz of silver!

They can't mine much faster, so they offer a higher price for scrap sterling, coins, etc, until they have enough.

If this was a one-shot deal, it would have ended there, but the Hunts had more contracts coming due in oct, nov, dec, etc, and they insisted on getting physical delivery of silver for them, meaning prices kept rising to shake loose more silver from the public.

Eventually, other speculators realize that they can buy a contract for $1000, and make $5000 every time silver goes up $1. It gets to the point where people would mortgage a paid-off house to buy bunches of contracts, since it looked like easy money. The saw cuts both ways, tho. If silver drops $1, you lose $5000--the $1000 you paid and $4000 more, since you sell the contract at a loss. And now you have a mortgage payment to boot!

The powers that be then made two changes that most people never heard about. Instead of putting 5% down, they required 2/3. So the guy who mortgaged his house to buy 100 contracts at $1000, can only buy one contract for $100,000 down, $50,000 on delivery. Instead of making $500,000 if silver goes up $1, he'll only make $5000. The good news is he'll only lose $5000 if it goes down $1.

This didn't change much for the Hunts. They simply paid the same price, but most of it up front and less on delivery.

Then the killer.

They limited the amount of silver anyone could buy in one month.

Let's say you win a huge lottery and go to the local computer dealer, who sells five a month. You contract to buy 100 a month, and he places a standing order for them.

You buy the 100 every month, until they pass a law saying no one can buy more than five. You have agreements to buy 95 machines he can't sell to you. The only thing you can do is sell the right to buy those 95 machines to other people, and you will only be able to do that if you sell them for a LOT less money than you agreed to pay.

That, my friend, is what finally crashed the silver price. The Hunts had agreements to buy silver that they had to sell for whatever they could get. The more silver dropped, the more speculators waited for it to drop more, and with their holdings falling 50% overnight, their backers wouldn't lend them more money, or asked to be repaid.

The Hunts had no intention of not keeping their promises. The rules of the game were changed.

Everyone is looking for a deal just human nature.