Quote:
Originally Posted by Pipecrew
Silver up 4-5 dollars an oz in last week. If you bought 1000 oz last week. You would already be up 5k in a week. Some dealers so desperate they are paying 2 over spot which means up 7k. Better than keeping money in bank
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Anytime you buy physical, you pay over spot, so buying a bar, you would have paid $1.5 -3.00 over spot. Coins are much higher. Still a great return, no doubt about it. 2011 American Silver Eagles (1oz) are selling for $55+ on ebay right now, when the spot is only $47 and some change.
SLV calls are making a killing right now. I bought July 50 calls last Friday and added more this week and with my average, I'm up 71% in five days.