New answers tagged silver
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Bullion is both a currency hedge and an industrial commodity.
And many bullion dealers, for instance, sell one-ounce gold at 5% or less over spot but buy one-ounce gold at spot. A bullion dealer is not a hoarder but a hedger. In fact a hedge with futures can financially benefit from contango. If the bullion dealer should have too much stock on hand they can ...
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A very layman explanation. Please note that all below refer to "a rainy day means a stock goes awry for few day maybe weeks or there might be some spike in price of gold or silver".
A gold bullion is worth it's price in gold. It don't matter if it's bar, coin, ring1 or candelabre. And you can sell it in any place that buy/sell (trade) such things. Pawn ...
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At one point in history, gold and silver had something to do with paper-based money. Actually, quite recently - less than 50 years ago.
Now, they don't.
If you want to "convert" silver into paper money, you need to find someone who wants to buy it from you. Same as any other kind of metal. There's no special super-secret way to exchange silver for paper ...
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