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Wall Street Journal Aids Silver Price Suppression

- Jason Hommel - Silverstockreport

Hi Jim C
Assuming Mr Hommel buys his silver at spot, he makes 6.2% profit, from which he has to pay overheads and tax I guess. You wrote "...I don't begrudge the man a little profit..." fair enough. But then you describe his profit (+state tax) as "...like a kick in the stomach...."
While, obviously, you are welcome to find silver on craigslist or wherever you like, I'd guess that Mr Hommel's shop offers some kind of guarantee of authenticity.
This is the kind of service you are getting when you pay the 6.2%.
6.2% is a small profit margin in any industry I'd say. (of course that's subjective/opinion).
While you could shop around for lower prices from silver sellers, you can't shop around for a cheaper state tax (within the state). I suggest that it's the tax that is the real "kick in the stomach."
Everyone should buy their silver from wherever they choose. 6.2% seems ok to me. (Certainly there are places selling for much more than 6.2%)
Absolutely, you are free to save a buck.
Good wishes to ya

Commented 5066 days ago

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