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One Oz. Silver Bars From Apmex .

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 Posted 01/19/2021  08:42 am Show Profile   Bookmark this topic Add T-BOP to your friends list Get a Link to this Message
I wanted to start buying silver bars but found out buying from a precious metal distributor is not the way to go for me . I'm better off buying from my local coin shows that they have every other week . No shipping charges and no sales tax . Yesterday I saw some generic bars on APMEX , my plan was to buy one bar a month . The price was $28.98 each , Affordable , I was ready to pull the trigger until I saw the bottom figure $43.50 . Are they kidding me ? $9.00 for shipping and $3.50 for tax .
That's not the way for me to invest .
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Edited by T-BOP
01/19/2021 08:52 am
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 Posted 01/19/2021  11:22 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
That's one of the reasons silver is a poor investment. Also, price is less than it was ten years ago, as a hedge it's not even keeping up with inflation.
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 Posted 01/19/2021  1:22 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I like silver bullion coins and the like, but I too feel like they're not much of an investment with all the associated costs of buying them, shipping, any taxes, even the premium amount over spot price. At the end you will have paid more for what your bullion coin is worth.
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 Posted 01/19/2021  2:10 pm  Show Profile   Bookmark this reply Add Nickels_rule to your friends list Get a Link to this Reply
Golden State Mint has free shipping on orders of $99 and above...that helps a little.
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 Posted 01/19/2021  4:02 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
5 years ago $16
today $25
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 Posted 01/19/2021  4:19 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Can avoid internet sales tax anymore, unless you lived in certain states, and that number is getting smaller.

They do offer free shipping for order over $99?

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Edited by macmercury
01/19/2021 4:24 pm
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 Posted 01/19/2021  4:36 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
They do offer free shipping for order over $99?

No , APMEX is free shipping for $199 or more .
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 Posted 01/19/2021  5:04 pm  Show Profile   Bookmark this reply Add Nickels_rule to your friends list Get a Link to this Reply

Quote:
No , APMEX is free shipping for $199 or more .


Golden State Mint is where I was talking about T-BOP shipping is free after $99
Edited by Nickels_rule
01/19/2021 5:05 pm
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 Posted 01/19/2021  6:46 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
Look at the value 20 years ago. It's not a bad investment, it's just not a game to play everyday. Hold onto it. The Ferengi love their PMs.
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 Posted 01/21/2021  12:45 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I guess what I am saying is that if you are NOT a buying in volume (spending enough to get free shipping) collector, the associated fees I eluded to previously would be cost prohibitive. Many people just buy one ASE for the year and might get other issues over a period of time instead of buying a lot at once to take advantage of shipping discounts.

Oh and LOVE the Ferengi reference! I'll go count my 500 bars of gold pressed latinum! lol
Edited by TheForce
01/21/2021 12:46 pm
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 Posted 01/21/2021  10:23 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
You're absolutely right in regards to the shipping costs needing to be taken into account. Let's face it, there are only a few moments in time when the prices really fluctuate, the rest of the time it's pretty sideways in a $10 range. When you're already paying over spot for the coin, plus your shipping and then factor in selling fees, you actual need like a $10 swing to make it even worth your while. Heaven forbid you jumped on board on the up swing. If you happen to be a long term player and you're in it at the right times and are patient, you can make a good return. If you're in it for the short term, you're kinda screwed. Only a very select few will be lucky enough to break even or make a profit. IMHO.

I've only been in it long enough to be in two major moves. The first one I was involved in and did well, the second I was sidelined leading up to now. I personally don't feel like we are in to conditions yet to see a return to $50 silver but the potential for that down the road is real. So I'm still interested in trying to get back in although I'm keeping a close eye waiting for it to drop back down first. Waiting for people to start pulling out thinking that everything's ok again, when it's not. That's the time to get in and hold for the next big swing. General rule, don't buy on the up but always be buying on the way down. Being that we're at 50% all time high anywhere below this is not too bad of a time to purchase as long as you're not adding all the before mentioned costs on top. IMHO
Edited by samsnate
01/21/2021 10:31 pm
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 Posted 01/24/2021  10:15 am  Show Profile   Check beem's eBay Listings Bookmark this reply Add beem to your friends list Get a Link to this Reply

Quote:
That's one of the reasons silver is a poor investment.


I beg to differ.


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 Posted 01/24/2021  11:17 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
@beem - not bad. I avoid the bars because they aren't easy to move. I have two LCS that won't buy bars over 5 oz.
Not bad, but those that bought 10 years ago haven't yet broke even. Too much of a crap game for me.
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 Posted 01/24/2021  12:26 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
What was the price of silver in March of 2020 ?
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 Posted 01/24/2021  12:34 pm  Show Profile   Check beem's eBay Listings Bookmark this reply Add beem to your friends list Get a Link to this Reply
11.70
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 Posted 01/24/2021  8:22 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
That's a good positive return beem, I sold all my silver ETF when silver reached $27-28 high. Holding only some physical silver.

Waiting for silver to drop back down more before picking up again, will see how this new administration do with PM.

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