Downside to purchasing 1 oz silver rounds from First Majestic?
If one is a shareholder, there is a a $0.50 per oz discount on the present $26 per oz price. This is roughly $4 less than Kitco.
Would one take a big hit on the resale price?
If one is a shareholder, there is a a $0.50 per oz discount on the present $26 per oz price. This is roughly $4 less than Kitco.
Would one take a big hit on the resale price?
Don’t see why there would be a lower resale price? If it is 1oz of silver the price is the price. The whole reason for buying generic rounds as opposed to Eagles or Maple Leafs is to avoid the premiums, so as to get more ounces for the same fiat.
Kitco sells US Silver Eagles for $40 now. Buys them back at $24.