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06:51 PM
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Selling Silver and Gold in New York’s Diamond District Guy Is Offered 22% BELOW SPOT
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 5461667:MV81MDk4Mzg4XzkzNDgxNzk2X0VBQ0FEOTFC] [quote:Anonymous Coward 82670910:MV81MDk4Mzg4XzkzNDgxNzAwX0QyNkJDNzY3] Very soon, any average Joe will be willing to give you multiple times spot price (if spot even exists anymore). Why the F would you sell it for less than spot right now? This is the time you want to hold silver more than any time in history. Don’t believe me? Look at any other Country where their currency was destroyed. [/quote] You never sell to a dealer or a pawnshop. Selling on ebay requires a fee be paid, that's true. But you reach a wider audience to sell into. Shipping is tacked on, sellers make money on the shipping. They charge $5 to ship a round that costs maybe $2 to ship. I sold on Craig's list many times. We do the deal in a bank lobby where there are lots of cameras, and I had my armed brother outside watching them as they leave. Then I leave. A little preparation goes a long way. You can tell a lot about a person by their voice on the phone. [/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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