/biz/ - Business & Finance

First post ever in /pmg/
I have a question.
Let's say that you look at the spot price for silver.
Today it is $25.18
Now obviously, It's not like all I have to do is pay $25.18 and suddenly I get an ounce of silver sent to my house right?
I have to pay shipping and handling of some kind?
And can I buy it at spot price or do you often pay above spot price?

And then when you want to convert it back to cash. Let's say the spot price then is $26.23.
Are you actually going to get $26.23 per ounce?
Or are you going to get low balled?
Also where would you even sell it? How do you take silver that is in your hand and turn it into cash?

It just seems like no matter what you are going to lose some in the conversion.