Quote:
Originally Posted by Choker
The flaw here is that ANYONE with $1000 cash can walk into a coin shop tomorrow and pick up Silver Eagles at $2 above spot, which right now is about $30.16. So anyone can pay $32.16 for what he is selling for $39. SERIOUS and even novice investors realize this.
Not to mention shipping, how much is shipping for these $39 Eagles? Tell you what, I'll sell you all the silver eagles you can buy for $35 plus shipping as long as silver stays below what it is now.
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Bingo. One of the places I went today, I paid $31 today per round/bar, only buying 15. And that's on a day with a $0.50 uptick! Highest price today was $34 for three 1oz eagles. Paid $32/oz on a bag full of 2011 eagles from the dealer who did the $31 on .999's. Wish he had more. Tomorrow is 10oz bars, he promised $310 across the board for Apmex.