Bought My First Kilo Bar Of Silver - Page 2

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Author	Replies: 23 / Views: 4,644	Page: of 2

AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 05/07/2015 10:43 am Here at the local Winnipeg Mint they have a kilo .999 gold bar which you can pick up and hold... It's chained down and it has one security guard 4 feet from it... but every time I go there.. I always go to pick it up... love that feeling Report this Post to the Staff
Liverpool Pillar of the Community Canada 576 Posts	Posted 05/07/2015 12:39 pm It's all good, large silver bricks look awesome but I would be concerned about getting rid of them if I had them. How many buyers are available at anyone time to purchase something of that value. (Note: this is about me, I live in a small town) thanks for posting Report this Post to the Staff
JoggingLiberty Valued Member 292 Posts	Posted 05/07/2015 1:34 pm I have no less than 20 pawn shops within a 15 mile radius from my home. It would be so easy to sell any of my silver in any amount. For you in a small town you'd also have NO issue selling a kilo bar or higher since tons of mints, refineries, and dealers of precious metals offer to buy your silver. So don't worry about where you live. Edited by JoggingLiberty 05/07/2015 1:38 pm Report this Post to the Staff
BullionPirate Valued Member United States 61 Posts	Posted 05/07/2015 4:32 pm I actually just sold my kilo bar to have a little liquid cash. I will be buying another soon though. I love holding a kilo of silver at once lol... I also recently bought a 10 pound copper bar just for fun. Its amazing how small it actually is for its weight Edited by BullionPirate 05/07/2015 4:33 pm Report this Post to the Staff
vermontensium Moderator United States 16679 Posts	Posted 05/07/2015 4:37 pm Biggest single I own is a 10 oz. I have two 5 oz. bars as well. Every payday, I usually pick up an oz. swcoin.ecrater.com Report this Post to the Staff
rcfarmer Valued Member United States 71 Posts	Posted 05/08/2015 07:16 am Quote: As the GSR is approaching 80... It means you're getting 80 silver to one gold oz.... I'm usually buying silver a bit at a time as it can be on discount. If the GSR hits 80 I sell my gold and get MORE silver.... If ever the GSR approaches 40... I'm a buyer of gold and I will sell all silver stock to get more gold. Price doing swaps doesn't matter one iota as if you're doing the swaps you will simply acquire free ounces. The question that finally came to my mind is how often has this occurred? Is it a normal occurrence with history repeating itself or more of an aberration? Thanks for the responses so far. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 05/08/2015 11:09 pm Since 1975 the GSR has hit 80 or more on 4 different spikes.. three of which you probably could've made some sort of swap. Conversely It has also dipped below 40 three times, two times within 3 years after the GSR had gone above 80. I personally have swapped all my silver for gold on two different occasions and once I have swapped all my gold for silver. As the GSR steadily climbs I'm looking forward to doing another swap as it's literally "free" metal in the end. Report this Post to the Staff
rcfarmer Valued Member United States 71 Posts	Posted 05/09/2015 08:10 am Thank you for the info, according to my math it is at 72.4 at the time of this post. It is nice to see that it has happened and possibly will happen again. Report this Post to the Staff
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