TexasCHLforum.com

talltex wrote:The spot price is based on the commodities market and varies daily from hour to hour. The price dealers charge to buy and sell generally varies according to the amount you are purchasing or selling ,and the business history you have with a particular dealer. There is no set price over or under...depends on the deal. The smaller the size and amount of the bullion you are buying, the higher the premium will normally be. I have bought and sold metals since back in the late 70's before Nelson and Bunker Hunt tried to corner the market. On one ounce bullion coins you will pay a higher premium than on 10 ounce bars and the premium on 100 ounce bars is lower still. The dealers I did business with would generally pay me spot on 100 oz. bars and sell to me at $1.00 over...a lot less work for them to sell 5 big bars than 500 one oz. rounds...just handle one sales invoice and one check in 5 minutes, so they are willing to take a smaller margin. Now days, the safest small bullion coins to buy are American Eagles from US mint, and Mexican Libertads from APMEX. Both are certified and widely recognized and carry a higher resale value on the secondary market. Bags of "junk silver" (pre 64 US dimes, quarters and halves are probaly the best to hold if you are looking for silver that can be easily bartered in a economic collapse scenario.