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Message
re: Physical silver
Posted on 3/17/14 at 9:45 am to Iowa Golfer
Posted on 3/17/14 at 9:45 am to Iowa Golfer
quote:
I buy from a local dealer. Rounds are $1 over spot. Usually eagles are about 2.50 over
Same. I have mostly 1 ounce rounds and pre 1964 circulated half dollars. While the 10 oz. bars are cool, they carry more value and would be harder to trade in a SHTF/barter situation.
You can buy a lot on EBAY, you just have to wade through the bullshite of peoplle asking way to much. You can find some nice deals from individuals, but there is no guarantee against knock offs. Companies like APMEX, MCM, and Scotsdale Silver sell on there with gaurantees and free shipping a lot. If you work the asking price backwards and consider what shipping would be, their premiums are not bad.
1
Posted on 3/17/14 at 9:51 am to Clyde Tipton
i bought 50 eagles when the price when down to $15 or so a while ago.
I think I paid about 1.5 over spot, but I also bought them with some gold bars so I got a slightly better deal.
you should have a little bit(<2%) of your net worth in silver and gold but its a store of value not an investment vehicle.
I think I paid about 1.5 over spot, but I also bought them with some gold bars so I got a slightly better deal.
you should have a little bit(<2%) of your net worth in silver and gold but its a store of value not an investment vehicle.
Posted on 3/18/14 at 6:58 am to Hawkeye95
When playing with metals, at the end of the day, you have to be responsible for your own purchases. You will hear people say prices will tank and others will say prices are going to the moon.
Back to your original question.
Price per ounce should be why you buy from a source. I a always prepared to pay a little extra for local business but not much. Local coin shops (lcs) are preferable if the prices are right.
The online places each have strengths. If you are ordering large volume, look at apmex, kitco, or jmbullion. Smaller orders providentmetals is my favorite.
Stay away from ebay until you open your eyes to the scene. Earlier poster hit the nail on the head. Way overpriced with very occaisional deals.
Back to your original question.
Price per ounce should be why you buy from a source. I a always prepared to pay a little extra for local business but not much. Local coin shops (lcs) are preferable if the prices are right.
The online places each have strengths. If you are ordering large volume, look at apmex, kitco, or jmbullion. Smaller orders providentmetals is my favorite.
Stay away from ebay until you open your eyes to the scene. Earlier poster hit the nail on the head. Way overpriced with very occaisional deals.
Posted on 3/19/14 at 9:09 am to Jibbajabba
Look like jmbullion is solid with free shipping. Notice mor than Gainesville coins, but they charge $19.95 for shipping
Posted on 3/20/14 at 2:07 pm to TigerTatorTots
Just wanted to let anyone interested in buying some know that there is a special on ebay right now 10 ounces for 219.99 i thought that looked like a good deal, but I do not know much about it.
Posted on 3/20/14 at 2:39 pm to keeton350
quote:
Just wanted to let anyone interested in buying some know that there is a special on ebay right now 10 ounces for 219.99 i thought that looked like a good deal, but I do not know much about it.
A link would be nice... assuming it's not $30 shipping or coming from China, it does sound legit.
Posted on 3/20/14 at 2:43 pm to Clyde Tipton
quote:
A link would be nice...
And I feel like an a-hole now.
It's on the home page. Free shipping, and from APMEX which is a legit business.
That's a good deal.
I just picked up 10 oz... basically $1.50 over spot w/ free shipping.This post was edited on 3/20/14 at 2:59 pm
Posted on 3/20/14 at 5:15 pm to Clyde Tipton
Wow that is legit. No bank wire fees and free shipping. I had to buy a few of those
Posted on 3/20/14 at 5:41 pm to TigerTatorTots
I think silver will fall 25-50% over the next year. As QE ends, metals will drop, imo.
This post was edited on 3/20/14 at 5:42 pm
Posted on 3/20/14 at 5:58 pm to LSURussian
And there are those who think the exact opposite. 
This is why I got out of it and put that money in mutual funds that I don't have to watch every day wondering when it's going back down to the low 18s
This is why I got out of it and put that money in mutual funds that I don't have to watch every day wondering when it's going back down to the low 18s
Posted on 3/20/14 at 6:09 pm to ell_13
I'm going to wait for silver to go below $15/oz before I buy.
Posted on 3/20/14 at 6:33 pm to LSURussian
Wow. That low? Even though it's used so much in electronics now?
Posted on 3/20/14 at 7:26 pm to ell_13
There would need to be a pretty serious decrease on the demand side. Easing the bond purchase program could stagnate industrial demand I guess. Recently there has been a slight decrease in industrial demand. Less than 2%. Futures contracts have already accounted for this.
Anecdotal evidence only, but usually as the price declines, the premium to take possession goes up. Given that you can now take physical possession for about 4.8% (no more than a dollar)of spot, it appears to me that the demand is weakening.
I'll beleive $15 silver when I see it. If it were to happen, I would be a hoarder of silver.
Anecdotal evidence only, but usually as the price declines, the premium to take possession goes up. Given that you can now take physical possession for about 4.8% (no more than a dollar)of spot, it appears to me that the demand is weakening.
I'll beleive $15 silver when I see it. If it were to happen, I would be a hoarder of silver.
Posted on 3/20/14 at 7:26 pm to LSURussian
quote:even thought I just bought physical silver at $21.99 per oz shipped, I'd love for it to go to $15. I'd load up A LOT at that price
I'm going to wait for silver to go below $15/oz before I buy.
Posted on 3/20/14 at 7:30 pm to TigerTatorTots
quote:
even thought I just bought physical silver at $21.99 per oz shipped, I'd love for it to go to $15. I'd load up A LOT at that price
Keep buying silver. It is going to be so complicated to unwind all of the liquidity central bankers have pumped in to the economy, at some point in the future you will be very happy.
Posted on 3/20/14 at 8:02 pm to Iowa Golfer
quote:
It is going to be so complicated to unwind all of the liquidity central bankers have pumped in to the economy,
What's complicated about it?
Posted on 3/20/14 at 9:59 pm to LSURussian
quote:
What's complicated about it?
Not sure if serious, or if you're just that much smarter than everyone else?
Posted on 3/20/14 at 10:08 pm to Iowa Golfer
Not smarter. Maybe more experienced in central banking monetary operations. Reducing liquidity is easier than increasing liquidity as far as the results of open market operations go.
Posted on 3/20/14 at 10:19 pm to LSURussian
I see reducing liquidity and unwinding liquidity as two separate issues. Your statement directly above is correct. So is mine. And I'm not talking about Peter Schiff.
Posted on 3/20/14 at 10:32 pm to Iowa Golfer
Okay, so what do you mean by unwinding liquidity?
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