Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: FritzV who wrote (31162)	6/15/2003 12:27:26 PM
From: inchingup	Read Replies (1) of 36161

Fritz, Kastel, Kyros: "On the other hand, 1000 oz bars are a PIA to move and ship. You might consider just buying 100 oz bars. You should be able to find them for between 5% and 10% over spot. 100's are also going to be a lot easier for you to sell. Other option is $1000 bags of 90% coins.. They are real cheap rite now.. figure contents at 715-720 oz" The 90% coins that I have located are not really a viable product. The spread between the buy and sell price is astronomical. 100 oz. bars are priced excessively high also, running in the range of 8-10% over present value and also a huge spread between buy and sell. Either way I would be almost better off with CEF. As for a futures contract, that is fine if you don't want to be holding the physical, in which case I could buy into the Kitco pool account at a more reasonable cost. Also, I truly don't want to screw around with paying someone to hold MY silver for the simple reason I don't trust them to deliver in an emergency. I do appreciate the input. Thanks all.

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