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Jim C.
Member since May 2012
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Wall Street Journal Aids Silver Price Suppression

- Jason Hommel - Silverstockreport

I can understand Mr. Hommel desiring people to buy silver, and maybe crush J. P. Morgan in the process: he makes a living selling silver and gold. He'll sell you a 1 oz silver round, currently, at 6.2% over spot -- and buy it back, as of this date, at -2.9% under spot.

What a fair transaction is I don't really know, and I don't begrudge the man a little profit. But paying his premiums (and others like him) and the state tax on top of that (if you purchase less that $1500) is like a kick in the stomach.

I advise, instead, that you find small traders like yourself: friends, relatives, neighbors. Build a network. You can find trustworthy sellers of silver on Craigslist if you take the time. It may take a little effort, but you can find traders who won't stick it to you. If Mr. Hommel is free to make a buck then we are equally free to save one.

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