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Is the selling market still tough on 90% premiums (or discounts)

MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭
in Precious Metals

recently 90% was said to be hard to unload. the prices given were lower than before.

is selling 90% silver out of a cache still monetarily painful?

what kind of sell prices (not ##.#x face but back of spot) can be expected these days.

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    See Spot run.

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    are you paying further back of spot for 90% than you had been previously?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    Over the counter retail we are paying spot minus 40¢ right now for small quantities, under $20 face. For half bag rate its -25¢, so yeah rates are still back quite a bit. For awhile back in December we were offering spot on 90% to fill orders. The real demand has been for 1 and 10 oz bars and rounds. Fresh product we are paying above spot over the counter.

  • sumrtymsumrtym Posts: 394 ✭✭✭

    I've been paying 10x face. Just bought $44 face last week in fact. Still need to buy about $20 face.

  • blitzdudeblitzdude Posts: 5,965 ✭✭✭✭✭

    10x standard, 10.5x for BU. @ $16 will probably have to go 10.5 / 11x BU.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • VanHalenVanHalen Posts: 4,030 ✭✭✭✭✭

    @sumrtym said:
    I've been paying 10x face. Just bought $44 face last week in fact. Still need to buy about $20 face.

    Keep buying at that price. 10x is $2 under melt per ounce (-13%). My local pawn shops buy at $1 under.

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    @VanHalen said:
    Keep buying at that price. 10x is $2 under melt per ounce (-13%). My local pawn shops buy at $1 under.

    Quite a bit more than most pawn shops.

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