For those asking where to buy silver you can go to your local pawn shop. You can buy on Ebay. The key is you want the physical silver not some etf or pie in the sky bogus fund. Right now bullion price is over spot by large margins. That means that the actual physical supply of silver is starting to dry up and spot will catch up with physical silver. When that happens, it will be a giant short squeeze that will make Gamestop look like it's a small world. If billions were lost by hedgefunds in Gamestop, Trillions will be lost on the silver short squeeze. It will happen. Fed is finished.
I am all for purchasing more physical silver. BUT, in the event I would like to sell it I don't want to sell to a dealer at below spot. That leaves me with what options? Do I put an add on Craig's list and meet someone in a coffee shop? Will banks act as an intermediary for a transaction? If I decide to sell on ebay but have no track record I dont think anyone would buy from me. Trying to understand my options.......................
Reputable dealers will buy back at just a few dollars under their selling price. Look at JM Bullion, SD Bullion, Apmex, Provident Metals to sell back to. Some have "Buy it Back" type buttons and it will tell you right on their website how much they will buy each coin back from you. You have to pay to ship it of course to them. It's actully not too complicated.
There are local dealers that will buy your gold and silver close to spot. You can find them by doing a google search in your area. No need to sell online. They will give you cash in person when you decide to sell.
This is good too! You can always compare a local dealer and an online dealer and see who gives you the best price, less shipping of course for online. I have sold locally too.
