Quote:
Originally Posted by Peter_Spaeth
Does the spot price exist anywhere such that you can actually buy at it? In gold for example people are always advertising best price only x dollars above spot. Makes me want to buy at spot.
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I'm going to say no. Even if you could find a private seller, you would probably still pay over spot. And that's because the bullion dealers are buying over spot.
A little over a year ago, the situation was different. Many online dealers offered specials like "buy 10 ounces at spot" but those deals were limited to like 1 per household (address). But today, you won't find anything at spot.
And the price I paid today ($31/oz) is for generic silver. American silver eagles are selling for like $10 over spot.