Posted on 03/01/2011 5:13:29 AM PST by Jet Jaguar
Yep.
Looks like tulving.com has a $0.49-0.70 per ounce buy/sell spread on silver. That’s 1.5-2.0% for large quantities and low overhead, while your local shop guys have a $4 spread, which is about 12% spread (plausible, though not attractive).
These numbers have been this way for years, so saying “the run is on” is not really correct.
What you have described is inflation. It is a price increase, a hidden one, but a price increase all the same.
Er yeah. I guess the sarcasm tag got left off that one.
Local guys around here are selling at $2 over spot, unless it’s a premium coin. $1.50 over spot if you’re buying 100 or more. It’s hit or miss. If they get a boatload in the morning, it’s gone in the afternoon.
I was hoping you were trying to be funny (good one!), but in this day and age, you never know. I guess I should give your average freeper more credit too. ;^)
I have a torn $2 from 1928. Then it was worth about a tenth ounce of gold. Today it is worth $2.
Local shop said they sold 3 bags ($1000 face) this morning. Not much junk left.
And what’s their minimum? 500 ounces?
Happy I went all-in on PM’s in early 2009. Not so happy what this spells for the future of my kids and my country.
Yes, typically.
I try to get a $25 box of pennies every time I go to the bank. I consistently come away with 1/3 pre-1982 copper. As more people get wise, I'm sure that percentage will go down.
I also grab as many $2 rolls of nickles as they're willing to part with.
The only problem with Tulving is that you can't buy smaller lots any more. I mean, his minimum purchase is pretty huge these days.
nickles, what dates am I looking for in nickles? Pardon my ignorance please.
Additionally, how is it possible to physically possess PMs inside a SEP/IRA?
All nickels (1946-2011). The copper and nickel in each coin is currently worth 7 cents.
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