They've got to be swamped right now with silver, because of the high prices.

Keith

Gold/silver took a big jump in early 80's. Followed by a big decline. If your a gambler might could sell now and buy it back in a few months with a good profit.

If I bought when it was less than 28, I'd be selling a little and keeping some too.

Remember when the Hunt family tried to hoard silver, decades ago? There was too much out there. And maybe still is, and that explains the refiners selection criteria

Do you think this price is allows reasonable, or too much markup, compared to the 38.5 X value referenced below in KeithC post?

I'd offer you 30 times face. Lots of regular walking around people who don't have coin shop overhead to pay would too.

What are some reputable places online to buy silver, gold and platinum??

US, 90% silver coins are currently 36.09 times face value for melt.



http://coinapps.com/silver/coin/calculator/

If you aren't getting screwed to badly, you should get $34.28 for use 90% silver coins and be able to buy them from a dealer for $37.89.

Keith

Go to a coins dealer and see if they will pay you spot. I can buy them back of spot right now from the guy I use the most.

Same as Amy other commodity the spot price is a paper price. It's all supply and demand. The big refiners aren't taking 90 and 92.4 percent right now. They have a backlog of it and along with that there is a high demand for 1k ounce good delivery bars. The LBMA is basically out of them. It's easier to refine and mold .999.

Another reason adding to lower offers on non .999 is silver is backwardation right now. What that means is the delivery price on today's market is higher than the futures market. No how big of a risk would you take buying 90 percent that isn't being taken by refiners and may have to sell down the road that right now is trading at 2 dollars lower.

It's the same as the corn market, what it's worth at the CBOT isn't the same as what it's worth in the grain bin on the farm. Lots of factors at play.

Wasn't that long ago 90 percent could be easily sold by a customer to a dealer for 10 to 20 percent over spot.

Yeah you’ve got a basis.