Real Price of Silver

Discussion in 'Silver' started by capcoinman, Mar 20, 2015.

  1. capcoinman

    capcoinman New Member

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    As a collector and dealer in silver, I noticed increased interest in orders at these levels and potential customers are willing to pay quite more than spot. Like I explain,spot is the price of paper silver and the "real" silver comes with a premium. Has anyone else found this to be true.
     
    capcoinman, Mar 20, 2015
    #1
  2. House

    House Well-Known Member Silver Stacker

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    Yes, I have found this to be true.
     
    House, Mar 20, 2015
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  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I concur
     
    Caput Lupinum, Mar 20, 2015
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  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    I wouldn't have a clue. But I'll take your word for it.
     
    willrocks, Mar 20, 2015
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  5. smk762

    smk762 Active Member Silver Stacker

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    [​IMG]
     
    smk762, Mar 20, 2015
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  6. Rubbing Elbows

    Rubbing Elbows Active Member

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    The real price of silver is the cheapest price one can find within around 5 minutes of comparative searches on the internet when its time to buy. Regardless of the spot price or not.
     
    Rubbing Elbows, Mar 20, 2015
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  7. ytrader

    ytrader Member

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    Ditto
     
    ytrader, Mar 20, 2015
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  8. fishtaco

    fishtaco Active Member Silver Stacker

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    Not much is ever offered at spot so almost everyone has to pay a premium above spot so not sure of your point?

    Different items of silver have varying premiums added to the spot price, or am i missing something here?
     
    fishtaco, Mar 21, 2015
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  9. oscarheem

    oscarheem Member

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    I spoke to a jewellery maker once. She got her metals from a wholesaler.
    Not sure if they sell 99.9% silver, however the price of those metals would be closest to spot.
    The problem is they are hard to re-sell as there is no stamp on them or anything.
    Just a block of plain silver. So it's hard to re-sell.

    Might just as well buy silver with a premium and sell with a premium.
    That's why I just buy 1 kg silver coin instead of bars. Price is slightly more but it stays mint in the capsule and the premium you pay, you receive back.
     
    oscarheem, Mar 24, 2015
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