Do you guys just take it to a bullion store and dump it there or sell it one bar at a time on ebay or on this forum for that matter? I want to know so when or if silver ever reaches 50-60 bucks i'd like to sell a bit. Has anyone tried to sell silver and the bullion store said "sorry we dont buy back" ?
Example https://bullionmoney.com.au/products/charts_prices/prices http://www.perthbullion.com/shop/listings/sell-bullion/
So you essentially pay the dealer a 10%+ premium and then sell your silver back at spot price. Did the dealers pay above spot for buyback when Silver was in the 30s and 40s?
Might be of interest; http://forums.silverstackers.com/topic-10303-how-do-the-bullion-dealers-make-their-profit.html [youtube]
Doubt it I think the only way you make good money is if say you purchase at 20 and sell at 40, that way any premiums of buying and selling is counted out and you are lift with profit
AAHHH you see you've given away that your a flipper What gives you the impression you can make $ It's meant to be more about wealth preservation And can you fill in your location , it makes it to hard to remember what part of the world your asking questions from
I wonder if anyone will take them up on their generous buy back offer for this coin: PRODUCT : 2014 Lunar Horse Silver 1oz Coin SELL PRICE: $40.00 BUYBACK PRICE: $ 0.00 .
im from sydney. I am not a flipper I just wanted to know how selling is done just in case one day I might decide to off load the stack to put a deposit on a house or what not
Not selling lol wouldnt do that I just wanted to know a bit of infor about it just in case, no one knows what 10-20 years will bring.
Sometimes selling to a dealer is preferable and more satisfying than having conversations with lowballers who want to offer spot minus 3%
try this for starters http://forums.silverstackers.com/topic-58044-new-sydney-meet-this-friday-14th-november.html