There are a lot of people who buy silver with the expressed idea of selling it for more money than they paid for the silver. They do this in a large number of ways ranging from selling it back to the company that they bought it from to selling it on public auction websites. Each of these methods has benefits, but they also have fall backs. Some of the techniques can even be dangerous to attempt to do, causing one to lose more than just their money in investment. However, it is up to the individual who invested in silver for the monetary gain that it can provide to decide how he or she finds it best to resell the silver.
Part of the deal when one attempts to buy silver from Monex is that Monex will buy the silver back when one is ready to liquefy the investment into cold, hard cash. This website offers the silver at a slight market up in order to obtain a profit from the selling of the silver. In addition, the company offers a lower price to buy the silver back. This is also in hopes of obtaining the highest amount of profit. This profit is then used to pay the employees and obtain more silver for the business. This is also considered normal practice for any business that buys and sells silver.
The next favored way is to sell the silver that has been purchased is to sell it at a swap meet. This method involves a lot of people who all have similar tastes in investing coming together to sell and buy their wares and investments. Even when one buy silver from Monex, the return in investment comes from selling the silver. While there are a lot of people who also collect silver at such a swap or conference, this does not mean that the individuals will be buying the silver collections from the venders, so there is a potential that one could lose more money going this route.
The least favorite and most dangerous way to sell silver is to sell it over an online auction site, such as eBay. While there have been numerous success stories regarding eBay, these are typically surprise gems, not silver. In addition, the auction websites are places for people to obtain discount products, not full price products. Many people do not want to pay full price and will not bid above the spot price. The seller also has to be aware that he or she may be giving out their address when shipping the silver, making them a target.