Hi friends,
My family and I were out for a weekend lunch and there was a 30 minutes wait at the restaurant we wanted to eat at. Since we had a little time to spare, we went into a pawn shop and they had a few pieces of silver for sale but this one caught my eye:
They had a couple generic rounds listed at spot + $5 ounce - so that would put this at a $500 premium on top of the spot price of $3,250, which isn’t terrible, but there is also a 10% sales tax at the pawn shop, so add an extra $375 to the price tag for an overall price of $4,125 - too much, in my opinion.
I do not have any kilo or 100 oz pieces - only some 10 ouncers. Should have done the big ones when spot was under $20…
Thanks for coming by,
Brian
Indeed, too expensive.
It is important to be able to take advantage of every opportunity and always be ready to make a good trade. Good luck to the prepared!
!HUG
Looks like you always make sure that you stack up some silver wherever you go😅
You are right because there is more profit in buying big pieces because there will be little profit in small pieces but if you buy 1 kg pieces then you can get more value in it
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That is a little more premium than I would pay too. Pawn shops are so hit and miss with gold and silver!
That is a vintage bar… it is normal to get bigger premiums in something like that I guess…