If you're a methodical buy and hold precious metals investor (meaning you buy incrementally due to a prediction that the gold/silver bull market has a long road ahead of it), you don't need to feel as though your metals investments will immediately become more expensive.
Personally, I like to purchase my metals from a local vendor (who knows my face and first name, but not my last name or contact info). Local dealers seem to have the lowest premiums and zero shipping cost associated with their sales. Furthermore, your transactions aren't necessarily captured on someone's information data base or the credit card company's ledger.
However, I noticed quite a while ago, that while pawn shops typically carry a higher premium, they don't have their finger on the pulse of the market. That is to say that they aren't going to be among the first to realize that gold and silver are consolidating or rallying. The significance is that we have an opportunity to capitalize on consolidations... well, even after theyr'e no longer consolidations. And we don't need to feel guilty about capitalizing on a pawn shop's failure to stay apace of the metals markets, because much of their profit margin is wrapped around purchasing their goods at far less than their value.
To be honest, I forgot to check the local pawn shops this time around, but was reminded in another thread after hearing of a great purchase price of some silver rounds. I made a trip out this afternoon to the local pawn shops, and as fate would have it, I found two rolls of dimes (fifty coins per roll) for sixty dollars apeice. With .09 oz. of silver in a 1964 US dime, that's
$13.33/oz - far below Friday's closing of $18.40/oz. I also bought six silver half oz coins for $8 apeice. That's $2.40/oz. below Friday's spot.
Long story short, if you're an incremental buyer, check the pawn shops for a while before their prices catch up to the market value.
Good luck.
Personally, I like to purchase my metals from a local vendor (who knows my face and first name, but not my last name or contact info). Local dealers seem to have the lowest premiums and zero shipping cost associated with their sales. Furthermore, your transactions aren't necessarily captured on someone's information data base or the credit card company's ledger.
However, I noticed quite a while ago, that while pawn shops typically carry a higher premium, they don't have their finger on the pulse of the market. That is to say that they aren't going to be among the first to realize that gold and silver are consolidating or rallying. The significance is that we have an opportunity to capitalize on consolidations... well, even after theyr'e no longer consolidations. And we don't need to feel guilty about capitalizing on a pawn shop's failure to stay apace of the metals markets, because much of their profit margin is wrapped around purchasing their goods at far less than their value.
To be honest, I forgot to check the local pawn shops this time around, but was reminded in another thread after hearing of a great purchase price of some silver rounds. I made a trip out this afternoon to the local pawn shops, and as fate would have it, I found two rolls of dimes (fifty coins per roll) for sixty dollars apeice. With .09 oz. of silver in a 1964 US dime, that's
$13.33/oz - far below Friday's closing of $18.40/oz. I also bought six silver half oz coins for $8 apeice. That's $2.40/oz. below Friday's spot.
Long story short, if you're an incremental buyer, check the pawn shops for a while before their prices catch up to the market value.
Good luck.
: but they know me and know me as a little more than just a window shopper, I've gotten the impression on occasion that they must have had some impending bills or something, and seem to have given me a pretty good deal on something I've inquired about.
