Bullion (silver & gold)?

Question

Is $1.5 dollars over spot value too much? Im considering buying 50 or so ounces of silver from a local dealer. I would rather not do it via paypal (shipping reasons), I think that it is average (not gouging or an incredible deal). what do you think?

(only answer if you know what you are talking about)

Answer 1

Silver closed around $18.50 today if I remember correctly. $1.50 as a percentage of spot (8.1%) is pretty reasonable. I remember buying silver back in the early 80's at $7 or $8 per oz and paying a $1 over spot so $1.50 today seems reasonable.