Until recently, I had purchased silver at local coin stores. Obviously, they charged a markup (plus and additional charge for using a credit card). Today, I called around and was, basically, told that there would be a 30% markup on any purchase of silver bullion. This, apparently, was due to the fact that, although the price of silver had dropped, the actual purchase price would not go down for nearly two weeks.
I have seen commercials for companies that allow people to purchase gold or silver directly, sometimes with as low as a 1% markup. These commercials, however, were on Fox News and other American stations. I would imagine that any savings made from the purchase would be lost on shipping and duties. Is anybody aware of a trustworthy, reliable website from which to purchase precious metals. Any suggestions would be greatly appreciated.
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