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Brokers and dealers who sell silver charge a premium to make a profit. Gainesville Coins states a fair premium is 5%-8% over spot for bars and 12%-20% for coins. What Is the Best Way To Start ...
Silver prices spiked in March 2023 following the collapse of Silicon Valley Bank, as concerns were raised about the stability of the financial system. Investors like silver for many reasons.
Silver bars can either be cast or poured, or minted; both categories often involve the production of bars with intricate decorative designs that are attractive to collectors, often referred to as "art bars". Various sizes of silver bars are 1, 10, 100 and 1,000 troy ounces, 100 gram (3.215 troy ounces) and one kilogram (32.15 troy ounces), as ...
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located next to the United States Army post of Fort Knox, Kentucky. It is operated by the United States Department of the Treasury. The vault is used to store a large portion of the United States' gold reserves as well as other precious items belonging ...
They are unable to answer your questions: Legitimate coin, silver and gold dealers have a deep well of knowledge about what they are selling. Those that don’t are probably not legit. Those that ...
At the height of the 1979-1980 silver boom where it traded above $50.00 per ounce, the firm was purchasing $2M a week in scrap, 1000 ounce delivery bars and contracts for 90% silver coins. The firm was also trading $1M to $5M per week in precious metals contracts, with delivery primarily in Chicago.
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