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Buying Under Melt

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Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/09/2016  4:13 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Never expect to buy silver under melt from ebay, if you also include every fee as well, unless,
the seller has made a mistake and you have taken advantage of it.

I have bought silver under melt (rarely), and close to melt (much more often), but it has always been in face to face buying for cash. Most of it has come from dealers'junk boxes. Occasionally the silver has come collaterally, in the purchase of numismatic lots of multiple coins.

The easiest way to buy silver closest to spot is from a bullion dealer, in large amounts.

If you always attempt to buy junk silver at below spot, expect that your stash will grow very slowly. That has certainly been my experience.
Edited by sel_69l
02/09/2016 4:52 pm
Pillar of the Community
United States
1913 Posts
 Posted 02/11/2016  3:35 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
I bought a roll of 20 silver 1oz rounds off ebay last year for exactly spot. They had a sale going on that lasted a few hours. If you factor in the 1% rebate I get on my credit card, my net cost was 99% of spot. It was a delivered price from one of the major bullion dealers (so no worries about them being fake).
Valued Member
Sportfanatic1's Avatar
United States
53 Posts
 Posted 02/11/2016  6:31 pm  Show Profile   Bookmark this reply Add Sportfanatic1 to your friends list Get a Link to this Reply
Very nice pickup Bret!
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/11/2016  7:00 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
It seems to me that the bullion dealer has judged that the price of silver will continue to trend down, and he needs some ready cash.

I think that you have done well to buy at the current spot price.
I think that longterm price trends look good at this time in the World economic cycle. There is not much downside left to go.

My judgement is that World commodity generally prices are nearing the bottom of a downward trend, and the window for buying at the bottom of the trend will eventually close.

Have a look at most long term prices: oil, coal, iron ore, nickel gold platinum and silver. World sharemarket prices have also nosedived in the last year,
but
most commentators are of the opinion that World economies are looking to a brighter future. Look at the unemployment rates in most leading economies.
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