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How did I do?

secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
in Precious Metals
Just bought 10 one-ounce Engelhard silver bars from a local dealer for $15 each. It's obviously way over spot but how did I do in terms of the actual physical silver market?
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    you did very well! Engelhards always sell for a good amount.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Thanks. They are the "older" style bars that look like this one that someone is selling on Ebay.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Just bought 10 one-ounce Engelhard silver bars from a local dealer for $15 each. It's obviously way over spot but how did I do in terms of the actual physical silver market? >>




    I'll sell you 10 ounce Engelhards for that rate.

    Poured or extruded, your choice.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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