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David Morgan – “Buying Silver At Spot Price – Possible or Impossible?” (Audio)
Typically, my answer to that question is yes and no. Purchasing silver coins or bars at the spot price would be similar to attempting to buy a car for just the cost of the auto-making materials, such as steel, aluminum, glass, and rubber. You can buy silver close to spot price if you buy off the exchange. Or, using an automated gold and silver saving program, you can take delivery of 1000 oz bars at close to spot price. Why? Because there is no manufacturing involved. If you want Silver Eagles, then you pay a premium just like everyone else does. But remember, you only pay when you cash out your silver, not when you buy. You can take delivery later on when the premiums are back to normal.
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Posted March 23, 2020
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