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Coin Collector

Is it worth while to invest in Silver?

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Coin Collector

Hi! Would like to know if it is worthwhile to invest in Silver if one can only get it at 66% over spot per ounce. Spot price is +- R210-00 and one can only get Silver Eagles at +- R350-00. Gold in the other hand is only 8% over spot at R13 650-00 per ounce, and one can get it at +- R14 700. I would like to invest in silver, but to pay 66% over spot does not make sense to me.:oops:

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jwither

66% over spot for an ASE is absurd. I live in the USA and a reasonable premium here is about 10% to 12%, though the exact amount you will pay will vary by source. The spread between the buy and sell price is about half of that.

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