best way to sell silver bullion?

  1. 1,482 Posts.
    Let's entertain a recurrent fantasy of mine.....say silver goes to US$50/oz, and those pretty kilo bars that I paid around $300 each for are now worth, say, $2000 each. I make a decision to sell them all and buy a BMW.

    What would be the best way to cash in on a short-term price spike? If I took them to ABC or a coin dealer, I'd lose maybe 5% or more of their precious metal value. If I sold them privately over e-bay, I'd run the risk of the price correcting, and the auction winner (quite rightly) reneging on his purchase.

    How do you physical silver owners plan on maximizing your profits if/when the time comes?
 
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