Buy vs Sell Spread

mrpaseo

I would imagine a lot of places are the same but I found this interesting. APMEX has a buy price of $25.05 (Spot is at $23.53) and a sell price of $28.84

This is a good example of the difference between physical and paper bullion, no?

Ray

Meltdown

Sure looks like it to me.

Baley

Yes, the "physical" price is the lug it around, store it, mail it, insure it, and collect the different designs price for separate small pieces of silver that take time and energy to move from place to place and risk both market value and actual physical loss of the silver to misplacement, theft, etc.

the "paper" price is the "sit at your computer and buy and sell it with a few keystrokes in a few seconds" price.