SIGforum
Buying Silver (or other precious metal)

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/6120090324

April 21, 2017, 03:09 PM
LS1 GTO
Buying Silver (or other precious metal)
Wondering when you buy silver and take in the premium/ over spot price, what form is it in?When you buy silver, how do you buy it (what form)?Silver EaglesAnother countrys' coin(s)Other country's coin with lowest premiumRoundsBarsWhatever has the lowest premiumPaper (someone else is holding it)The poop will never hit the fan and it does, precious metals won't buy squat.I actually buy it?






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



April 21, 2017, 03:11 PM
Deqlyn
Bullion from tge mint im buying.



What man is a man that does not make the world better. -Balian of Ibelin

Only boring people get bored. - Ruth Burke
April 21, 2017, 03:16 PM
LS1 GTO
quote:
Originally posted by Deqlyn:
Bullion from tge mint im buying.


That's either rounds or bars. How do/ did you decide?






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



April 21, 2017, 03:43 PM
cjevans
... rounds or bars are generally the cheapest way to invest in silver bullion. Round/bars are made by private mints, carrying a smaller premium.

Some nice designs by these private mints as well.

Example from my bullion dealer:
Eagles (99.9% pure silver) - $3.50 premium
Aussie Kookaburras (.999 fine) - $6.00
Maple Leafs (99.99% pure) - $3.00
Silver round 1 oz (.999 fine) - $1.50
1/5/10 oz silver bars (.999 fine) - $1.50

... discounts for quantity ...

I generally buy the Maple Leafs or the Kookas; and grab a few rounds if I like the design.



We are all born ignorant, but one must work hard to remain stupid." ~ Benjamin Franklin.

"If anyone in this country doesn't minimise their tax, they want their head read, because as a government, you are not spending it that well, that we should be donating extra...:
Kerry Packer

SIGForum: the island of reality in an ocean of diarrhoea.
April 21, 2017, 03:46 PM
vinnybass
Both rounds and junk.



"We're all travelers in this world. From the sweet grass to the packing house. Birth 'til death. We travel between the eternities."
April 21, 2017, 03:47 PM
LS1 GTO
Where I go the silver front Oz and Land of Canucks is just over $2/ounce.

Eagles are $3 and bars/rounds $1.35.






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



April 21, 2017, 03:51 PM
mrmn50
Just buy 10% of our portfolio in Silver and Gold Eagles. Just in cast of a financial blowup.
April 21, 2017, 03:51 PM
cjevans
quote:
Originally posted by LS1 GTO:
Where I go the silver front Oz and Land of Canucks is just over $2/ounce.

Eagles are $3 and bars/rounds $1.35.


That's good for the Kookas and Maples!

Nice - I knew my zip code came with a premium on the premium.



We are all born ignorant, but one must work hard to remain stupid." ~ Benjamin Franklin.

"If anyone in this country doesn't minimise their tax, they want their head read, because as a government, you are not spending it that well, that we should be donating extra...:
Kerry Packer

SIGForum: the island of reality in an ocean of diarrhoea.
April 21, 2017, 04:23 PM
a1abdj
I have always bought from private sellers, and avoid premiums all together.


________________________



www.zykansafe.com
April 21, 2017, 04:31 PM
Aquabird
I buy Eagles because I also have collected coins for years.
Plus, I feel that Eagle prices do not go down in price as much as Bullion does when the price of Silver falls.


NRA Life Endowment member
Tri-State Gun collectors Life Member
April 21, 2017, 04:45 PM
wcb6092
I either buy Silver Eagles or Canadian Maple Leaf. Less chance of counterfeit coins that are silver plated, when buying,and the same assurance to those you are selling to.


_________________________
April 21, 2017, 05:43 PM
LS1 GTO
quote:
Originally posted by cjevans:
quote:
Originally posted by LS1 GTO:
Where I go the silver front Oz and Land of Canucks is just over $2/ounce.

Eagles are $3 and bars/rounds $1.35.


That's good for the Kookas and Maples!

Nice - I knew my zip code came with a premium on the premium.


Look up Bluevault.com. it's FTF only






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



April 21, 2017, 05:54 PM
Skins2881
You better have a LOT of silver if you are trying to buy ammo or food from me when the shit hits the fan. It won't be measured in coins or ounces, but in multiple pounds.

If someone ever cleans the shit off the fan, it will be a long while before normal trade and valuation kicks back in.



Jesse

Sic Semper Tyrannis
April 21, 2017, 06:01 PM
StorminNormin
I buy Canadian Maple 99.99% pure.




NRA Benefactor Life Member
April 21, 2017, 06:04 PM
cjevans
quote:
Originally posted by LS1 GTO:
Look up Bluevault.com. it's FTF only


Correction:
http://www.bluevaultsecure.com...r-bars-and-coins.php

... good to know; there's nothing like this in Seattle ... not that I know of.



We are all born ignorant, but one must work hard to remain stupid." ~ Benjamin Franklin.

"If anyone in this country doesn't minimise their tax, they want their head read, because as a government, you are not spending it that well, that we should be donating extra...:
Kerry Packer

SIGForum: the island of reality in an ocean of diarrhoea.
April 21, 2017, 06:57 PM
2BobTanner
American Silver (Gold) Eagles, Canadian Silver (Gold) Maple Leafs, Austrian Silver (Gold) Philharmonics, Australian Kookaburras; in that order.


---------------------
DJT-45/47 MAGA !!!!!

“Quidquid latine dictum sit, altum videtur.”

"Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it." — Mark Twain

“Democracy is the theory that the common people know what they want, and deserve to get it good and hard.” — H. L. Mencken
April 21, 2017, 11:24 PM
Jimineer
You can get some first ever silver Krugerrands now. Probably 3 to 4x more than spot but might have some greater collector value in years to come. I ordered one just because I like gold Krugerrands.
April 22, 2017, 12:14 AM
jhe888
Mine is all in Sigforum coins.




The fish is mute, expressionless. The fish doesn't think because the fish knows everything.
April 22, 2017, 10:14 AM
LS1 GTO
quote:
Originally posted by jhe888:
Mine is all in Sigforum coins.


Dang it, forgot that option.






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



April 22, 2017, 04:43 PM
Appliance Brad
I buy coins. I have some rounds as well but mostly just well worn/junk U.S. coins

Zero gold.


quote:
Originally posted by Skins2881:
You better have a LOT of silver if you are trying to buy ammo or food from me when the shit hits the fan. It won't be measured in coins or ounces, but in multiple pounds.


We know a Gold Bug. My wife ribs him all the time he better not show up wanting to trade for food when things go to Hell. He seems to think he's going to be well off. That gold stuff is pretty hard to chew.


__________________________
Writing the next chapter that I've been looking forward to.