silvercoinboy
Well-known member
Time to cash in. $$$$
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I've seen this also but have no real answer. One of the best sources for real time silver pricing is COMEX. A lot of other sites that post the prices deal in the buying and selling of metals so maybe they are quoting a price to entice selling so they quote the price a bit high to draw attention to them. I really don't know and am just speculating. COMEX acts as a brokerage of sort for buying and selling futures contracts so should be extremely accurate in the minute by minute transactions of what silver is actually selling for with traders.While we are on the subject, why is it when I look at two different websites, the price of gold is not listed as the same?
These two sites are “Silver Recyclers” and “APMEX”.
That makes sense. Thanks!!!Spot is not , never has been and never will be. COMEX is a con game , continuous fraud , ignore it since it buys and sells fictitious contracts. Spot will never be the same until markets have closed and even then will constantly vary since it is traded world wide on different markets basically 24 hours. You can occasionally find the same prices for short periods on Sunday.
I said that at $3000 and didnt. Now its $4000. Im on hold but it sure is tempting. First will be all those name rings...then 10k plain wedding bands.Time to cash in. $$$$
Do they make wind mills and solar panels?This may be good for detectorists, but high gold prices always mean something bad is happening with the economy. My workplace has seen steady decline since the beginning of this year. It worries me.
Big dealers have no downside risk I said big jm bullion sd bullion and so on . When they buy a large amount of silver they also buy a future contract to short it this protects them if metal goes down in price .The higher "spot" goes the lower the percentage of that you will receive when you decide to sell. The profit margin for buyers of your loot is pretty thin when you consider the downside risk they are confronting. They will rightfully be hesitant to cash out large holdings when staring down the real possibility that they are buying "at the top" and they may well be. I have been selling some all along on the way up this rally and my buyers all tell me that no one is buying so they have less and less cash and more and more risk. Gold could easily drop to 3800 and silver to the mid 30s in a week , look at history. Just how sure are you that "this time it is different"?