Delivery of Silver:
I am based in Japan, so I don't have too much info, but:
*5,000 oz is the main contract size, but I believe that 1,000 oz contracts are available.
*If you buy the nearest contract the prices should be very close to spot, none of the idiotic margins you have to pay when buying coins at dealers.
*Commissions are minimal.....depends on who you deal with.....since you are taking delivery you will near a person, not an "e-trade" type company.....maybe $35/contract (5,000 oz) or so?
*If you keep it in the wharehouse and just have the silver registered in your name, then I don't see any reason to have it assayed when you sell it.
*I would call around and find a broker who will help you take delivery of a contract, most want you to buy & sell to generate commissions.
Bernie Bohl is friendly:
bohl@minot.com
Glenn Toth <glenn@commodity.com> is another person that seems helpful....however, you should ask people that do business in the states.
Good luck,
THC |
