Dealer Raises Premiums In Proportion To Falling Spot Prices - Page 2

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Author	Replies: 20 / Views: 4,461	Page: of 2

fistfulladirt Pillar of the Community United States 4333 Posts	Posted 03/18/2020 06:01 am Physical silver. Bought at $12.50. Ten years ago. It's still $12.50 today. An investment in the future! /s When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
oriole Pillar of the Community Canada 5246 Posts	Posted 03/18/2020 06:26 am Quote: How long are dealers going to wait for a potential recovery in the silver price? That depends on the dealer's resources and how long the price stays low. After a few months of low silver, I would think that people will be starting to sell at the new low price and competition will prevent anyone from selling at a much bigger premium. My guess only. Report this Post to the Staff
jmgi Valued Member United States 160 Posts	Posted 03/18/2020 10:09 am Quote: How long are dealers going to wait for a potential recovery in the silver price? It depends on the dealer I guess. If they are mainly a bullion dealer instead of a numismatic dealer, they probably will need to get some of their money back in order to continue buying at the lower prices, or they may just sit on what they have until prices rise again. If they deal mostly in numismatic coins, then the price fall of silver doesn't affect much of anything for them. Report this Post to the Staff
travelcoin Pillar of the Community United States 1120 Posts	Posted 03/18/2020 10:33 am This is the first time I've encountered this. Most dealers are not selling or "Out of Stock". I'm quickly learning that it's even hard to capitalize on falling prices. Yes, I bough SLV in stock but it's not the same. Ironically, it wasn't difficult for the dealers to sell to me when silver was over $50 an ounce. Man - you live and learn Edited by travelcoin 03/18/2020 10:34 am Report this Post to the Staff
Lionel90 Valued Member United States 392 Posts	Posted 03/18/2020 5:02 pm I like the SLV for the ease of buying and selling. Don't expect to have any silver sent to you if the SHTF scenario but you can get as much SLV on paper as you like and sell later paying a small commission for the trade. I sold some SLV recently at 16 but then bought more at 12. If spot rises again I'll sell again and get silver eagles but the price for eagles is too high for me knowing the spot price. Just to clarify SLV is only a trade while silver Eagles are an investment. Never hold on to a trade beyond your initial timeframe hoping it will get better according to "Mad Money". Edited by Lionel90 03/18/2020 5:14 pm Report this Post to the Staff
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