Quest for Precious Metals
Several of the guys here recommended Provident and I have bought some stuff from them and they are great.
However I now want to buy a 100 ounce silver bar and Provident only has "random" bars, meaning you don't know which bar you might get.
Does anyone know another metal company where you can pick the exact type of bar you want? I am looking at the Canadian bar.
However I now want to buy a 100 ounce silver bar and Provident only has "random" bars, meaning you don't know which bar you might get.
Does anyone know another metal company where you can pick the exact type of bar you want? I am looking at the Canadian bar.
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Thanks for that link. They have five or six different 100 ounce bars. Weird that Provident does not have any named bars.
I now recall JM, I bought a bunch of metal from them back 25 years ago they are a good company. Thanks for posting.0 -
Allen,
I know you want what you want, but if you just want 100 oz of silver for investing, the "brand" of the bar doesn't matter too much at all. Unless it is a 50 year old bar, or "hand poured loaf" or some such thing.
$.25 premium per oz is just stupid cheap! Provident has 100 oz bars "on sale" right now, I'm not sure if you saw that or not.
Merc0 -
do you have to pay spot X 100 on that it has been 29 years since i bought metal i forget 0 -
Have you tried Texas Precious Metals? I use them and have been very happy with the products and service. 0 -
If you set up a new account at JM Buliion you can buy 10 ounces AT spot. 0 -
Something I've always wondered is if these sales of precious metals are such a great deal why is it being sold? Why don't the people that have it keep it? Or the employees there buy it themselves? 0 -
"Something I've always wondered is if these sales of precious metals are such a great deal why is it being sold? Why don't the people that have it keep it? Or the employees there buy it themselves?"
Same applies to guns. A few like Colts and Winchesters are good investments, most are not (in spite of what many wives are told!) With precious metals, at least there is always a ready market when you decide to sell.0 -
I've used APMEX for any years. Never have had a problem with them. 0 -
quote:Originally posted by Smitty500mag
Something I've always wondered is if these sales of precious metals are such a great deal why is it being sold? Why don't the people that have it keep it? Or the employees there buy it themselves?
You, as the buyer must pay the precious metals dealer a premium (10?) over today's price.
You, as the seller must pay the precious metals dealer a premium (10%?) over today's price.
I prefer to sell on {elsewhere} at the daily quote. I save the premium as does the buyer. Win/Win!
Sooooo...If I buy silver from a dealer and pay 10# premium and hold it until the price of silver increases...say... 25% then I sell it to a dealer, (and pay another 10%), I basically made only 5%.
If I buy at today's price then sell at the daily quote after it has increased 25%, I MAKE 25%!
You are right about holding it. Its all about making a profit when you need the money (emergency, retirement purchase, reinvestment, etc).0 -
I've mentioned theywhocannotbenamed on several occasions only to be ridiculed. So let them pay a premium, plus extra to use a credit card plus shipping charges unless they buy large amounts. I will continue to buy at the price I bid, get free shipping (or figure it into the bid I make) & collect 2% rebate on my credit card. To each his own. 0 -
quote:Originally posted by Mercury
Allen,
I know you want what you want, but if you just want 100 oz of silver for investing, the "brand" of the bar doesn't matter too much at all. Unless it is a 50 year old bar, or "hand poured loaf" or some such thing.
$.25 premium per oz is just stupid cheap! Provident has 100 oz bars "on sale" right now, I'm not sure if you saw that or not.
Merc
Yes I saw the bars on sale at Provident. However I just wanted one of those Canadian bars it says Argent Pure which is French talk.
However when I went to JM Bullion yesterday I saw Johnson Matthey 100 ounce bars, they are poured. Never heard of a poured bar before I like the way they look, plus like the look of the stampings etc on the Johnson Matthey. So, I went back to JM again tonight to check out the bars, and, SOLD OUT of Johnson Matthey.
Fast moving world here in the silver business. See, I am on the road for 10 days more and have to have somebody at home to sign so I can't order until late September, I have a one week vacation first week in October.
At any rate JM does have the bars with French writing.0 -
Allen,
JM Bullion gets inventory in all the time, so keep checking. I don't know if they'll take the order and delay shipping. It is worth asking.
Merc
quote:Originally posted by allen griggs
quote:Originally posted by Mercury
Allen,
I know you want what you want, but if you just want 100 oz of silver for investing, the "brand" of the bar doesn't matter too much at all. Unless it is a 50 year old bar, or "hand poured loaf" or some such thing.
$.25 premium per oz is just stupid cheap! Provident has 100 oz bars "on sale" right now, I'm not sure if you saw that or not.
Merc
Yes I saw the bars on sale at Provident. However I just wanted one of those Canadian bars it says Argent Pure which is French talk.
However when I went to JM Bullion yesterday I saw Johnson Matthey 100 ounce bars, they are poured. Never heard of a poured bar before I like the way they look, plus like the look of the stampings etc on the Johnson Matthey. So, I went back to JM again tonight to check out the bars, and, SOLD OUT of Johnson Matthey.
Fast moving world here in the silver business. See, I am on the road for 10 days more and have to have somebody at home to sign so I can't order until late September, I have a one week vacation first week in October.
At any rate JM does have the bars with French writing.0 -
Silver is cheap.
Silver has sold for an inflation adjusted 4.60 in 1931, 5.97 in 2001, and 11.33 in 2008.
At right around 14-15 it is a bargain to me. Problem is I can only store so much
If it went to 1 I wouldn't lose money I would buy up double what I have and wait until it went back up.0 -
quote:Originally posted by Smitty500mag
Something I've always wondered is if these sales of precious metals are such a great deal why is it being sold? Why don't the people that have it keep it? Or the employees there buy it themselves?
Why does Exxon sell oil?
These Companies are in the business of selling metals.0 -
i go into our small town because i am out of food ...the small grocery has been stripped clean in 1 day...oh yeah ...i wave a small bar of silver around ...and get a cart load of food ...DREAM ON....i have a friend with a basement full of gold and silver...just a bonanza to steal when he dies 0 -
I prepare for all eventualities. However, the most likely interruption to normal life is a phenomenon such as Florence. What we found in NC was that in areas without power, cash was king. I keep a stack of twenties to compliment the gold, silver, guns, ammo, medicines, food, water, etc. 0 -
quote:What we found in NC was that in areas without power, cash was king. I keep a stack of twenties to compliment the gold, silver, guns, ammo, medicines, food, water, etc.
A scenario like this is where some junk silver coins (pre 1965) would be useful.0
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