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Bedrock of the Community
13014 Posts |
Quote:
WOW! You're infinitely more trusting than me. I recognize the investment ease of paper silver, but my lack of trust in that game precludes my ever being daring enough to do that. Your only buying and selling the price of it not actual silver with those so your not ever going to ask for it. With Etrade and all of those things even if the fund was a fraud that was going to come crashing down a simple sell order not to far behind the current price will save you from getting MF Globaled on the way down. You cant beat the ability to buy and sell in seconds though for 10 bucks. Its really just a stock with the word silver in it, just have to pay attention to it like your other ones and have the safe guard in place just in case Forgot to mention I agree with you about the 100 ounce bars. 100 ounces is 100 ounces if you stacked the 1 ounce bars like a 100 the size difference is marginal at best. The only real advantage to the 100 is that its easier to move and keep track of how much is there, but like you said I don't think any of us have a bank sized stash. Having 1 would be cool to say you do but that's about it. Edited by basebal21
02/18/2013 8:29 pm
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Pillar of the Community
 Canada
3692 Posts |
Paper silver doesn't really come into this discussion because I am obviously talking about physical lumps of silver. I get that the bigger the bar the lower the price on buying and selling but the market is smaller. 1oz though I hate paying the premiums for them so I may have to switch to buying the dreaded buffalo round, which I distrust because they look cheaply made and thus make me think that a counterfeiter would have little trouble making his own. 1ozers are easier to break down and distribute, so I may just stick to these for now. As for art bars, I'm not going to get into those because I just don't appreciate them.
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Bedrock of the Community
13014 Posts |
I didn't think you feel into the paper silver crowd, but there are some people who do buy physical solely as an investmest which is a mistake imo.
The 1oz do have a bit higher premium but if you save up and get them several at a time you can lower their price with more of a bulk purchase. You mentioned the 100 oz bars so I would assume you have the ability to get rolls which cost less per coin. Even if you just buy a couple a month you could save up the silver funds until you have enough.
In the us the maples are slightly cheaper than the ASEs as well, not sure in canada but the reverse may be true for you guys if you like those. The good thing about the premiums for the 1 ounce though is if you resell they don't lose that premium.
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Pillar of the Community
United States
648 Posts |
I always see folks mention liquidity around larger bullion bars. For some I understand it might be hard to let it all go at one time (locally). I believe bullion liquidity is a subjective phrase. There are multiple dealers in the area who would buy 1000 oz's in their sleep. I personally would buy whatever I feel like buying because I like stacking it all. Best bang for the buck? 100 oz bars (if you have the cash up front). Next would be 10 oz THEN 1 oz bars. But many will tell you to get 1 oz bars & rounds etc. due to variety & liquidity. I totally understand it. Just not my strategy at the moment as I'm in this for the weight first. Then collect pretty silver bullion. Disclaimer: I do indulge in ASE's / Maples / Kooks and hard to find Engelhard's during my stacking journey. It keeps things interesting. It's a matter of what is your stacking strategy from a $ perspective both short and long term. Easier said than done. Good luck. Edited by tripncoins
02/18/2013 9:42 pm
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Bedrock of the Community
13014 Posts |
Quote:
here are multiple dealers in the area who would buy 1000 oz's in their sleep. Fair point but youll be lucky to even get melt selling it that way. Part of being liquid to me is youll get at minimum face value for it and as close to the going rate as possible. If your willing to take 90 percent of melt or what ever the dealer/refiner would offer even the largest bars are very liquid. If you got them for 5 10 dollars an ounce they may not be an issue but if you bought at todays rates youll be losing a few hundred bucks between their offer and the premium you paid to get it large bars |
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Valued Member
United States
456 Posts |
To the OP's original question, I don't think I'll ever expand beyond 10 oz bars. Most of what I buy is 1 oz coins and bars up to 10 oz bars. I understand those that buy 100 oz bars due to their low premium, but I'm not at a place to be buying 100 oz at a time. Perhaps more importantly, I'd rather have the option to sell any number of ounces I would like rather than being stuck selling in 100 oz intervals. Just my personal preference.
Also, I agree with basebal, that any space savings with larger bars wouldn't be significant. For me, the best way to store my 1 oz bars is to stack bars 10 high and wrap with parafilm, effectively turning them into 10 oz cubes. Take two of those and stack them on top of each other, and they sit perfectly in one of those cheap red 2x2 coin boxes, and you could store around 150 oz's per box. Then, even these 2x2 boxes could easily stack on top of each other. For me they're the perfect size, easy to know how many you have, easy to move/store.
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Pillar of the Community
United States
5862 Posts |
I'm a big fan of 100-ounce bars. They look nice, stack easily, have lower premiums than 1-ounce bars and coins and (hopefully) are still small enough to liquidate easily if I ever needed to.
1000-ounce bars are just too massive for me, even though the premiums are even lower. I don't want something I can't carry to and from my safe easily. That's one of the reasons I have stopped buying monster boxes (even though I can open them up and transfer individual rolls if necessary).
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Pillar of the Community
United States
1200 Posts |
@sdcrow---You refer to "parafilm." Is that like Saran Wrap, shrink-wrap or some other such clear plastic wrap?
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Valued Member
United States
456 Posts |
FF, it is a malleable plastic film that is cohesive and waterproof. It is a little expensive, but since it stretches, a little piece goes a long ways. Here is a picture of parafilm around 10 one oz bars. The next picture shows how I stack these to store them in a 2x2 box.   |
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Pillar of the Community
Canada
1502 Posts |
parafilm = wax and is inert, so won't cause your silver to tarnish
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Pillar of the Community
United States
1200 Posts |
@sdcrow--Your 1oz bar storage system is great. This is what I need. The $30-$50 price tag on the parafilm is tough, though.
Would regular supermarket grade wax paper accomplish the same objective if it was securely taped up?
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Valued Member
United States
456 Posts |
The price is high, but if you bought it once, you'd probably never need to buy it again. If you want to get a 'sample size', it looks like there some legitimate ebay listings selling it 10 feet at a time for $6 shipped. That would be enough to wrap up 600 ounces the way that I do it (2" x 4" per 10 oz). Here's an example of one of the listings: http://www.ebay.com/itm/Parafilm-M-...em2c664c6a98Sorry to stray us off topic. . . |
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Bedrock of the Community
 United States
12845 Posts |
why wrap them up like that and not just stack in the box? Extra protection? I don't dislike the idea, just curious.
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Bedrock of the Community
13014 Posts |
I can't speak for him but personally I'd wrap them as a way to keep track. If you see 4wrapped stacks you know there's 40 instead of counting them all. Easy to tell if 1 goes missing too
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Valued Member
United States
456 Posts |
I didn't wrap them for protection, but I guess it doesn't hurt. I originally wrapped them as a means to keep them together similar to a coin tube before I realized how well they fit in the 2x2 box. It seemed like an easy way to organize while hardly taking up any additional space. I probably never would have wrapped them if I had them in the box to begin with. But, as basebal pointed out, it also serves as an easy way to keep track of numbers when the box starts filling up.
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Replies: 24 / Views: 2,575 |
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Posted 02/18/2013 8:35 pm
