expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Item 1 of 1
expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)
+ Free Shipping$550
$550
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"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar . Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""
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If US dollars fail, we will be in a sort of trouble a safe full of silver eagles won't solve. That said, I'm not entirely vested in fiat either, but I don't own physical silver or gold.
...if it comes to a barter situation, I'd rather have ammunition, fuel, and food to be honest.
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Please provide proof that ALL are saying it otherwise your comment is nothing more than another useless opinion.
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Those deals were Slick, but I haven't seen anything like that in years. I got spoiled by those days so I can't pay $4 over spot for an ASE.
Silver Metal Performance History
February 16, 2024 3:01 AM EST
Time Price Change Change %
1 Day $22.96 +0.079 +0.34%
14 Days $22.69 +0.32 +1.41%
1 Months $23.64 -0.634 -2.68%
6 Months $22.56 +0.448 +1.99%
1 Years $23.80 -0.79 -3.32%
5 Years $17.86 +5.148 +28.83%
10 Years $15.70 +7.309 +46.57%
15 Years $16.84 +6.165 +36.61%
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But yes it's very cyclical so you want to catch the bull markets, and you don't want to buy after it's gone up 1000% cause it's likely to go down or do nothing for 10 years.
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