sydney dealers buying silver for spot
- Thread starter dozerz
- Start date
I'll take a stab that Sam from Liberty Bullion would be the only one , I'm "ASSUMING" so .
I think it's insane / retarted kind of way that dealers would pay below spot for bullion .
It's like going to the banks & only getting $98 for your $100 note
I think it's insane / retarted kind of way that dealers would pay below spot for bullion .
It's like going to the banks & only getting $98 for your $100 note
thanks @spannermonkey will give them a call and see, the only other place i can see is jaggards but they still paying under spot (currently $83.58 when spot is $87.13)
Thieves I tell you
Frkn thieves
The reason I bought very little silver since 2015 is that the US dealers like Apmex & Provident changed to where they kept all the premium. All pricing is in US Dollars. For example, when silver was $20 and they were selling a lunar for $35, they offered me $20. Now the situation appears to be far worse. Most dealers won't list their buy prices. Provident does but the silver prices are horrible. With spot at $67, they sell a 1oz ASE for $73 but will only pay $62 to buy.
I have bought less than 100oz recently and that is probably going to be it until things change for the better. The US has a glut of 90% US silver being sold by individuals and maybe that is affecting all US silver buy pricing. Provident buy prices on gold aren't too bad and I picked up two 1oz AGEs when they ran a special at spot. Of course their spot is more than actual spot, but it was closer than most dealers.
Yeah this is definitely the time to buy with so many deals out there.
The smaller coin shops are getting desperate for sales with everyone just selling.
The smaller coin shops are getting desperate for sales with everyone just selling.