If your stacking PM for SHTF, there is no "spread". That's for traders.

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There is a premium above spread on PMs when you buy.

And when SHTF, how is that a factor?

Troy I advocated for a SHTF stack for that reason 😂 But paying a large premium over spot for metals that will likely take years to appreciate to the break even with the spot + premium is a stupid and wasteful strategy, especially when a SHTF situation is very unlikely.