lumka1 wrote:There is another online site with a similar name and logo - are they the same? http://www.booksilvertrade.com.tw. There is also another one, but slightly cheaper: http://www.shiny.com.tw/. I would be glad if anyone can post some experiences they had with these online brokers. I am particularly interested in their policy of buying back the silver, in case I want to sell it.
Out of all the three sites, booksilver.com has the lowest prices.
The other two sites have a buy back price for a couple of silver assets. God damn, the spreads they have are pure rape. I calculated their spreads to be between 10% and 25%.
If the spread is 20%, that means the price of silver needs to appreciate 25% for you just to break even. Pretty sick. Maybe silver investing in Taiwan is not such a good idea...