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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (7291)4/28/2006 9:53:26 AM
From: Patrick Slevin  Respond to of 8010
 
I only have a hundred ounce bar I bought privately a few weeks ago for $956.

Nice paperweight.

Primarily I trade it using CBOT contracts. If I actually wanted more for physical ownership I think I might just take delivery now and then. But a thousand ounce bar would clash with the decor under my pool table.

Costs on taking Delivery

minersmanual.com



To: Canuck Dave who wrote (7291)4/28/2006 2:01:47 PM
From: aknahow  Read Replies (1) | Respond to of 8010
 
If you are serious about taking physical off the market, a purchase of SLV, takes more off the market than a purchase of physical.

Seems strange but true. Buying physical from a dealer, leaves more money in the dealers pocket while the same amount of money invested in SLV results in your ownership and removal of physical being higher.