Higher spot silver bringing in floods of bullion

We've experienced a dramatic upturn in silver purchases since early last week
mostly 999 bars and rounds. We've also begun to notice a drop in the spread.
Most dealers are now purchasing silver BELOW spot silver price, including
Englehard and JM 100s and even Prospectors. Usually these forms of silver
bring from 20c to 40c OVER spot.

This usually happens whenever rapid increases in spot prices outpace the
market's ability to absorb the excess. I recall selling one oz Prospects as
low as 60c under spot during a run-up a few years ago.

I'm not sure what all this means except that if your dealer wants to buy your
silver for lower than normal prices, he's at the mercy of the same market
forces that affects all. 90% silver bags are having the same struggle as
dealer buys are falling in realtion to the "melt" value of the silver contained
in them.

Obviously, if you're of a mind to invest in silver at this level, you should be
able to purchase bullion at or around spot.

Dondi3





DONDI enterprises. BUY, SELL, TRADE. RARE COINS & PRECIOUS METALS
Member COINNET, CSNS, ANA, INA, MOON, ILNA.

(DONDI3) wrote in message ...
We've experienced a dramatic upturn in silver purchases since early last week
mostly 999 bars and rounds. We've also begun to notice a drop in the spread.
Most dealers are now purchasing silver BELOW spot silver price, including
Englehard and JM 100s and even Prospectors. Usually these forms of silver
bring from 20c to 40c OVER spot.


I built a site just for that, buying silver under spot price. The site
is tied to the ebay marketplace and all popular gold and silver
products are listed. The best is the "buy it now" sections. When
silver spikes as it did today the buy it now prices are fixed so you
can buy below or close to spot price.

The other day one fella was selling a 100oz silver bar at 700 dollars
buy it now. He really needed the money for medical bills. There were
Englehard bars being sold at 750. With today's price of 743 those bars
were snapped up pretty fast.

There has been fast movement of silver on ebay as of late.

Check it out
http://www.knowgold.com
At least it saves you some clicks.

Knowgold