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My First Silver Bar

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lostsean's Avatar
Australia
145 Posts
 Posted 06/26/2012  11:08 am  Show Profile   Bookmark this reply Add lostsean to your friends list Get a Link to this Reply
I think what he means is 100 ounce range from 2700-3200 this year, 1 kg is just over 1/3 the size and go for 900-1050
If silver is too boom lets say to 60 oz you will be very happy but if wanting to sell not many people would have a spare 5500-6000 to throw around,with hyper inflation about to blow, most struggle to buy 10 oz at $310.

Stunning bars never the less
Pillar of the Community
barryg's Avatar
United States
5877 Posts
 Posted 06/26/2012  11:12 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Gotcha. That's actually the reason why I focused on getting a few monster boxes of 1-ounce silver coins before starting to collect the bars -- I figured it would be easier to sell off individual coins if necessary. Right now, though, I'm just looking for long-term investment with the lowest up-front premium, and I was able to get both of my 100-ounce bars at just $0.59/ounce over spot. The few kilo bars I have seen available seem to sell for $2-3 per ounce over spot.
Valued Member
ammarabdulfattah's Avatar
Egypt
139 Posts
 Posted 06/26/2012  11:27 am  Show Profile   Bookmark this reply Add ammarabdulfattah to your friends list Get a Link to this Reply
I want one of these
Valued Member
lostsean's Avatar
Australia
145 Posts
 Posted 06/26/2012  11:58 am  Show Profile   Bookmark this reply Add lostsean to your friends list Get a Link to this Reply
I'm the same mate, 1 ounce and 10s at the moment, I set my rule before buying , I am happy to pay $33 a ounce as thats what it was the day I started(im in it for 5-8 years minium, if looking to try make profit at some point)

i accpet silver could go as low as $16-18(dont think so but always think of pro's and con's) and as high as 65, but dont mind if it drops for a bit as it will take my total amount of silver buying price down when adding more.

I read a article on silver and how "when you hold the weight in your hand, you become hooked"
I'm hooked for sure, as with polymers I said i'll never enjoy it, then found a $20 PE94, not I check every note I pass,get, or anyone around me has, lol

That bar cost me $940 Australian when market was at 28.50's, was 30$ for postage, its the first item I got for under spot I think? didn't do math on it 1kg= 35 1/4 oz.

Regardless I work 2 jobs, I waste money from time to time, at least silver is always worth something and is nicer to look at then notes,

If you enjoy it,then it wont matter about a little 1.5%-10% premium, if you like a item you'll pay the price

I just bought 10x 1oz silver bullmarket 2011 coins sealed cost $350 posted .$35 a oz that is around 25% ontop but look at it this way,
To buy 1 coin most are charging 35-42 for 1 coin plus 4.95 postage up to %40 on top.

I won the $350 by gambling on a Bull slot machine, so in Hinze sight they are a bonus!

If you want certain things its better to have a small group buying same item to get a little off.
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