How desperate for PM's are you?

Discussion in 'General Precious Metals Discussion' started by 2ds, Dec 25, 2010.

  1. 2ds

    2ds New Member

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  2. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Hmmm

    Spot price of silver now $29.15, so 18.50 grams @ $29.15 ( to end in 8 days time ) is $17.34.

    Since the seller DOESNT know in what percantages the PMs are present in the scrap, the auction bidders
    ( and there will be bidders here im sure ) will assume the worst and 'assume' with their
    bidding action that its all silver and bid accordingly.
    However if there are at least 3 diff bidders on the item and there is at least 3 days left til end of auction, than this will finish at least $57 ( new assumption that there is at least around 1 gram of GOLD or Platinum ).

    maybe the bidders will 'watch' the item only so that the price explodes with a few hours left to go at auction.

    I dont know, but pity for the seller that he doesnt know the exact compostition of scrap.
     

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