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What's a fair price to pay for generic one-ounce rounds at current spot price?

SilverEagles92SilverEagles92 Posts: 6,787 ✭
in Precious Metals
How much over spot would still be considered fair to pay? Just generic .999 rounds.
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Comments

  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>How much over spot would still be considered fair to pay? Just generic .999 rounds. >>



    They range from $13.25 to as high as $14.50 at local shops around here.
    "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
  • cinman14cinman14 Posts: 2,489 ✭
    My local B@M has went to 3 dollars over as of last saturday..
    They were running close to 4 bucks. And 7 bucks on ASEs.
  • SilverEagles92SilverEagles92 Posts: 6,787 ✭
    So $11.33 each would be a good buy?
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  • CladiatorCladiator Posts: 18,038 ✭✭✭✭✭


    << <i>So $11.33 each would be a good buy? >>

    All things considered, yup. If they are Engelhard or JM they're a very good deal.
  • SilverEagles92SilverEagles92 Posts: 6,787 ✭


    << <i>

    << <i>So $11.33 each would be a good buy? >>

    All things considered, yup. If they are Engelhard or JM they're a very good deal. >>


    No, not Engelhard or Johnson Matthey. They're Sunshine Minting rounds. And that price is delivered to my door...
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  • KareemofwheatKareemofwheat Posts: 200
    I would not think JM and Engelhard would be any better than Northwest or Sunshine, Maples etc. An ounce is a ounce.
    JMO
    Jon
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    holy cow, 11.33 is a killer deal!!!
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  • SilverEagles92SilverEagles92 Posts: 6,787 ✭


    << <i>I would not think JM and Engelhard would be any better than Northwest or Sunshine, Maples etc. An ounce is a ounce.
    JMO
    Jon >>



    Some people just seem to prefer Engelhard or JM for some reason. I agree with you though, an ounce is an ounce; and silver is silver. I could understand if it was Sterling vs. .999 fine, but it's all the same purity we're talking about here.
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  • fcfc Posts: 12,793 ✭✭✭
    that is a good deal in this environment. i would buy it.
  • CladiatorCladiator Posts: 18,038 ✭✭✭✭✭
    Buy a buttload of them and sell them to us for $12.50 an ounce image
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