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09:06 AM
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Selling Silver and Gold in New York’s Diamond District Guy Is Offered 22% BELOW SPOT
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[quote:Pistis Sophia of the 13th Aeon:MV81MDk4Mzg4XzkzNDgxMDU4X0E0ODhBRDk1] [quote:Anonymous Coward 78520669:MV81MDk4Mzg4XzkzNDc5Nzk0XzQzMjAwNzA5] [quote:Anonymous Coward 79008002:MV81MDk4Mzg4XzkzNDc5NzAxX0UyODg0OENG] Duh. Why would you want a business that doesn’t make $$$ [/quote] So your point is, the average person should not participate in PM buying and selling because they’ll lose every time. [/quote] Let's say you sell an ounce of silver on eBay for $40. After eBay takes it's share in fees and the cost of shipping, you'd be lucky to make a $5 profit over spot. The game is rigged. [/quote]
Original Message
With silver and gold you have to buy at a premium and sell at a discount, EVERY TIME.
They need to go up 33% for you to break even!
He explains it @11:25
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