Silver is Back in the 20's! - 5/24

Miscellaneous General
1

Silver is around 28…

Nice. I’m hoping with EU problems and possibly collapse, the dollar will look even stronger and silver will go down (in terms of US dollars) even more.

But, just so I’m getting this right…you still are charged about 1-2 dollars over actual price at coin shops…which is about 5% and then you’re still charged about 8.5% sales tax…

so you’ll still lose around 5 + 8.5% = 13-14%

2

Not sure where you buy your precious metals but I’ve never been charged sales tax on anything.

3

at coin shops and stuff, they don’t charge sales tax on silver bullion coins?

I’ve bought some a year or two ago from a coin shop, but I forgot if they charged sales tax or not. maybe they didnt…

so for the extra dollar or so over spot, that woud only be 5-10% you’ll lose.