Originally Posted by gladysvjubb
I really love silver. One day my friend came to visit and we both had a shitload of cash to invest. I pointed out to him that silver had closed at $2.50 an oz. on Friday. It was Saturday so we went to the biggest dealer in our neck of the woods and bought all his 100 oz. bars in stock with the promise of more on Tues if we paid for them now. Which we did.
Silver did nothing but go up from that point.
Silver 19.77 3:02PM EDT +0.24 +1.25%
How much premium on the bars, or is that the 2.50, which is kinda high on 100 oz bars ref APMEX? I have some, and wish I had monster boxes of coins instead. Either ASE or my fave, RCM 4x9 leafs. That is because of counterfeits, and divisibility.
That ratio reverting to the mean will be a hoot.