Thanks for the info. But why is the Delta so outrageously high. I bought silver 100 oz. Bars starting in 2003 and the vig was mínimal. I sold it all on April 30th 2011 at $49.95...???
Unfortunately right now the silver price you pay for a physical coin, round or bar is the highest its ever been. Not only that but then when you do pay for silver there is often a wait time that was never an issue before. Ever since covid, the demand has out stripped the supply, there are logistical issues with shipping and refining gold, and there is extreme volatility in the spot market price for silver on the comex exchange. The government and Mints will buy the silver and gold in large volumes at the market price, then they chop it and mint it into small pieces and charge you a premium for that service. So you always have to pay a premium when you buy investment gold. Each mint makes up their own price above spot! The American is the highest, we recommend going with a lower premium Silver maple or Generic rounds 1ozt size. Go to our web site, click on the coins and compare the premiums, and we show you the price we buy back the silver so you can see the delta spread as well
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