Selling Silver

Hi everybody,

I am new to this forum and I am already fully invested in PM at the moment and intend hoard a lot more in the near future. I have made my purchases from Guardian Vault Gold in Melbourne. After a few dealings with them. I have noticed their spot buying and selling price of silver is close to 10% . Is that normal? I have read topics about buying Silver. Someone should post info about venues to sell Silver at a good price.


Thanks

Sujit Menon

 

I prefer
http://www.goldstackers.com.au/store/
&
http://www.bullionbourse.com/
Or
http://www.auroraetluna.com/

All the dealers & mint have a % spread for tiny profit margins & fabrication costs.

 

Thanks STC...but is 10% a norm? whats the usual margin?

 

+1
And W.Davis & son is the best cash buyer in Melbourne

 

Between spot & 10% for Bu is normal, 10% being smaller orders, you get Volume slides if you buy in quantity, notice the buy back (except AeL who is spot) is normally under spot! Best to sell to people on here private. 200%+ for some numis stuff.
Smaller the coin/bar, bigger the %margin, bars are cheaper than coins. You normally pass this on with sale so it is relative.