Can't say the best place to sell but you have 2 immediate platforms SS. And ebay which has. 10percent hit.
Have often thought about this, what if you want to sell when nobady is buying. If you go into bullion dealer and prices are high can they say they are not buying? If there ever was a silver shortage I would say we would be selling to industrial buyers but maybe the Gov would have already confiscated in this situation.
theoretically if the price of silver went "to the moon" you wouldnt be able to sell it on ebay or here on ss cause noone would be buying (especially here theoretically). if that was true, would dealers buy your silver or would you have to go to a refiner/perth mint or somewhere big?
If nobody is buying , the price WONT be to the moon. If the price is " to the Moon". PEOPLE WILL BE BUYiNG AT THAT PRICE. There may at some stage be a divergence between spot and physical. Probably on the way to the Moon. B.
I gotta agree... For both Market Traders & Physical Stackers it's a supply & demand game so as well as those who choose to 'Hold' the physical there's the comodity markets and (as we all know) silver has so many industrial uses that even if the price rises to lofty heights at very least there will be an ongoing demand from the latter two sectors, even if it drives some of the small time Physical holders out of the game. No matter how high the price goes, silver bullion will still be traded as a commodity so I can't even see a 200% rise in price causing any major dip in demand. Take gold for example: When I was younger I remember gold never went over US$400oz & now it's at near on US$1800oz demand hasn't dropped off at all, in fact if anything it's made it a more desirable commodity to trade as well as its industrial applications & demand from Stackers. There's a certain logic to the thought that smaller physical holders would be wise to diversify so at least a portion of their stack is made up of coins with a good numismatic/rarity value over & above that of the coins intrinsic value however (I'm asking this as an open question & would very much like opinions)..... Do you guys think silver bullion coins with numismatic value will still be a desired product if/when the price of silver skyrockets or will that value be superseded by the bullion's intrinsic value, thus negating the premiums we currently pay for them?
The question where to sell silver has a dynamic answer in time and place. Just like the question where to buy silver. Not that I'm experienced.
Don't forget the PayPal hit on top so maybe loose 13% ?? Just be lucky you are not in Pom Territory ( UK ) where you also loose the 20% VAT you paid on purchase if selling to a dealer. Best on SS I think
Well look at it another way. They just got the best public advertisement ever going for 'we buy your PMs at spot!' Gold/Silver isn't like consumer and electrical goods that devalue over time and those guys know it. 'I'll buy silver all day' is something that will stick into anyone's mind who watches this show, especially considering how badly they lowball people on everything else.
