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Has anyone who is following the Silver prices
Mercury
Member Posts: 7,840 ✭✭✭
noticed that the retailers have stopped lowering their prices? The percentage of markup is going up, so the retail price is staying the same, while the spot price is dropping.
Now instead of 5% markups, they have 10-15%.
Kind of sucks, imo. I really wanted to get some cheaper prices, but it just isn't happening.
And yes, I know they need to make a profit, blah blah blah. [:p]
Merc
Now instead of 5% markups, they have 10-15%.
Kind of sucks, imo. I really wanted to get some cheaper prices, but it just isn't happening.
And yes, I know they need to make a profit, blah blah blah. [:p]
Merc
Comments
Dealers are trying to not feel the market loss. Just don't buy from the SCALPERS!![:(!]
I'm seeing regular silver rounds go for $2 over spot and silver
eagles are at $4 over spot with free shipping. My watch list on
fleabay shows the eagle rolls will go lower as prices head lower.
The rolls are now $375 each with free shipping, they are dropping
a little each time.
You can do MUCH better buying silver than on ebay.
Merc
quote:Originally posted by wpage
Noticing the ebay price on us coin silver has not followed the curve...
If you are buying silver on ebay, you are a fool. There are so many fakes on there, not to mention the big reputable companies on there are 20% over-priced.
You can do MUCH better buying silver than on ebay.
Merc
quote:Originally posted by wpage
Noticing the ebay price on us coin silver has not followed the curve...
I have found the cheapest prices on fleabay, same sellers, Jm bullion, Apmex etc
Precious metals, those fabulously liquid storehouses of wealth.
I buy silver with no thought given to wealth storage. I use it to cast silver bullets to kill Vampires and Zombies.
If you are buying silver on ebay, you are a fool. There are so many fakes on there, not to mention the big reputable companies on there are 20% over-priced.
You can do MUCH better buying silver than on ebay.
Merc
quote:Originally posted by wpage
Noticing the ebay price on us coin silver has not followed the curve...
If that were true you would have posted some of those places so you're claim is false without sites to back it up.
Why I can buy that cheaper online (I hear at the GS) Oh really? Where, what site?
Well don't remember off hand but its always cheaper online at the mythical web sites
"Fools learn from their own mistakes. I learn from the mistakes of others"
Otto von Bismarck
silver bars have gone down but the US coins keep going up or are staying / holding there price
Go to www.comparesilverprices.com to see for yourself.
I buy silver at least 3x a month, and I'm cheap. I KNOW where the best prices are. [:D]
Merc
quote:Originally posted by Wulfmann
quote:Originally posted by Mercury
If you are buying silver on ebay, you are a fool. There are so many fakes on there, not to mention the big reputable companies on there are 20% over-priced.
You can do MUCH better buying silver than on ebay.
Merc
quote:Originally posted by wpage
Noticing the ebay price on us coin silver has not followed the curve...
If that were true you would have posted some of those places so you're claim is false without sites to back it up.
Why I can buy that cheaper online (I hear at the GS) Oh really? Where, what site?
Well don't remember off hand but its always cheaper online at the mythical web sites
It is a storage device, not an investment, but will always have some value unlike, potentially, securities and cash.
At present, I have enough silver to live for a year, and should get to that point with gold in another few months.
Beyond that, I am at a bit of a loss as to why I would buy any more.
Brad Steele
IMO, silver and gold should be a part of one's assets.
It is a storage device, not an investment, but will always have some value unlike, potentially, securities and cash.
At present, I have enough silver to live for a year, and should get to that point with gold in another few months.
Beyond that, I am at a bit of a loss as to why I would buy any more.
I'm not where I want to be yet so I'm hoping they keep suppressing the price. I'm looking at this as a blessing to me.
I'm not where I want to be yet so I'm hoping they keep suppressing the price. I'm looking at this as a blessing to me.
The industry does a bang-up job in hiding the total cost of production of silver. Forbes states that the cost of production is somewhere around $ 20.00 per ounce. Some sources state that the cash cost (excludes capital, overhead, exploration, etc.) is around $ 10.00 per ounce. These two numbers are not mutually exclusive, but sadly, are used interchangeably by some, which just confuses the issue, perhaps by design.
I think it is safe to say the at the sustainable cost of production, mine through mint, is greater than the selling price right now. How long mines and mints will continue to produce at an overall loss is a question that can only be answered over time.
Brad Steele
quote:Originally posted by skicat
I'm not where I want to be yet so I'm hoping they keep suppressing the price. I'm looking at this as a blessing to me.
The industry does a bang-up job in hiding the total cost of production of silver. Forbes states that the cost of production is somewhere around $ 20.00 per ounce. Some sources state that the cash cost (excludes capital, overhead, exploration, etc.) is around $ 10.00 per ounce. These two numbers are not mutually exclusive, but sadly, are used interchangeably by some, which just confuses the issue, perhaps by design.
I think it is safe to say the at the sustainable cost of production, mine through mint, is greater than the selling price right now. How long mines and mints will continue to produce at an overall loss is a question that can only be answered over time.
I have been buying some products from OPM which is all from recycled silver. I would bet they have a really decent profit margin compared to those pulling it out of the ground.
here is a good price.
if you just want Silver,
here is a good price.
?????