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Silver At Just $1.79 Over Spot? There Is One Minor Catch...
Those who have been following the barren wasteland that is the precious metals retail market know that not only is it virtually impossible to get any silver for less than a $3-4 premium per ounce over spot, but it has become next to impossible to find any physical, period. So the fact that Apmex is now selling silver at just a $1.79 over spot - a bargain even in the days when JPM wasn't about to run out of commercial gold (incidentally no change in the gold held at the firm's 1 CMP vault as of yesterday's close), and certainly a blue light special at a time when the entire world is scrambling for anything shiny. There is however one minor catch. Maybe not so minor. Because while most PM afficionados are used to buying silver by the ounce, or at most bar, the Apmex offer involves a very generous dollop of Silver Koala. 1 Kilogram's worth of generous.
Yup: the $1.79 premium over spot offer is only applicable to 1 kilo (32.15 oz) "coins" - not exactly a conventional, "carry in your pocket" kind of weight, or one amenable to transactions in a post-Bernanke world.
Which brings up an interesting point: is the massive premium over spot for silver only due to the practical size of the most common, and thus cheapest, 1 oz denomination? Does silver only have a sizable physical premium when it is in a handy denomination - do heavier variants necessarily lose their premium over spot. And if so, is the relationship linear or convex - is there no premium at all if one was buying or selling all the physical outstanding (at least in a thought experiment).
Of course, it may just be a good liquidation deal (and no, ZH is not getting any money, or physical, for this post).
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10,000 oz of gold sold by the US Mint today. Zero silver though.
Silver has greater volume and sales are deferred to the new month sometimes. And I don;t think it is updated daily anymore.
$1.79 over spot is about 7.6%, very reasonable.
The bid/ask spreads for silver in Bullionvault suggest there's no phys shortage there, at least
There's no physical shortage right now - just a shortage of 1 oz denomination. Bullion dealers are taking advantage by raising the premium - i'll wait until the premiums normalize a bit.
Silver will have its day (not yet though) because the supply situation will get worse as time goes by as it costs $23 on average for miners to mine the stuff with all-in costs
http://seekingalpha.com/article/1303691-the-true-cost-to-mine-silver-complete-2012-figures
Either it stays at these levels and I accumulate as the miners cut production and go out of business. Or it starts rising from here and I make money on my silver. I can wait this out
My silver guy is now selling $7.00 over spot.
2012 and 2011 coins on APMEX are $10 over spot.
Silver bullion available at Nucleo Exchange for $25.60/ oz
Cheapest I have seen, at the moment.
I imagine APMEX has a low premium on the Koala because they're not selling very well. A kilogram (32.15 oz) coin is not practical for spending. It is more of a collector/novelty item.
i want one f it
LCS out here where I'm currently working is asking $35 for Peace Silver dollars in very, VERY circulated condition. WTF?
Good Lord, it's 1.5cm thick w/ 10cm diameter. Are you happy to see me (if so, bravo sir), or is that a Ag pancake in your pants?
I'm interested to see what happens to manufacturing during this Silver squeeze.
Hey Tyler, any word on shortages in the ELECTRONICS/ELECTRICAL world?
'Apmex is now selling silver at just a $1.79 over spot - a bargain and certainly a blue light special.'
So now ZH is running advertorials for silver charlatans?
How the mighty have fallen.
At today's silver price, that corresponds to 'only' a 15 percent bid-ask spread.
Anyone who thinks they can make money at a 15 percent bid-ask spread is very sadly mistaken.
Silver suckers: there's a new one born every day.
As of this morning, Gold is at $1,460.00 and Silver is at $23.60, so that’s a G/S Ratio of 61.8:1.
The 1kg Silver coin is priced at $826.90, this is equal to 53.67% of the price of a single 1oz Gold Eagle.
If you’re bullish for Silver and believe that a G/S Ratio is going back to 16:1 someday in the not too distant future, then this coin can be viewed as way under-priced. In fact, with that mindset, it’s value to a PM believer should be around $3,193.90.
I agree with Tyler’s comments however, if one day the G/S returns to 16:1 and PMs have doubled between now and then-then for $826.90 in todays’ money, you have an investment worth $6,387.80 tomorrow. That’s 770% in the bag.
So, really, if you’re gonna carry around a $3,000-$6,000 in your pocket each day you’re a dick head, because it belongs in a safe place.
Perspective!
Money aside, it’s a very sexy coin and when you hold one in your hand…awesome. The 1kg Silver coins is actually a collectable at bullion prices. I have bought many of these coins for other investors.
I don’t really know what the G/S Ratio will go to without suppression, all I believe in is Gold itself, and this is only because of what the wealthiest people on the planet are doing with their money (wealth, to be precise).
If you’re a 16:1 advocate, then that coin’s a bargain.
What do you find sexy? The obverse or reverse?
I will say though, the Australian pre-decimal Queen scrubs up alright.
As much as I am a silver bull, especially from here, I have never subscribed to the 16:1 argument. Was that ratio set by the free market or decreed by governments? Being an exact number, I presume the latter.
As far as sexy goes,..either:
Slave queen for perverse sexy or Mexican Libertatad for the great boobies.
Otherwise its 100 oz bars,....those are f-ing sexy!
The US dollar was pegged to the spanish dollar, silver. Gold was then pegged to silver at 16:1.
@ machineh....
...are you JPM or or BIS?
...or NSA?
I'm guessing DUM.
ROR
I'm guessing machinem is an admin clerk at some no-name low-life chop shop where, budgets are so low, hookers come from the trailer park - conveniently located next door - and the after work drinks wine bottle inflates to make tonight’s pillow.
15:1 is the historical ratio of silver mined vs gold mined. There have been historical runs on both metals when the availability got out of whack, so the 16:1 ratio is more like a dictate than a market reality.
One thing is for sure: we know how much silver there is in the world, and it's less than there is gold (above ground). The Rothschilds and their compatriots may have vast, unknown quaitities of gold, but the same is almost certainly not true of silver. It's a known quantity (more or less), the same cannot be said of gold.
I am pretty sure that is the ratio of silver to gold in the earth's crust, as well, hence it corresponding to the ratio of silver mined vs gold mined.
Anyone check Alibaba? Those big 1 kilo 'coins' have to be a lot easier to fake than the 1 troy oz. coins and a lot more profitable given the amount of silver that's NOT there.
http://www.alibaba.com/product-gs/759268931/1_oz_Australian_Koala_Elizab...
http://www.alibaba.com/product-gs/768135902/1oz_40mm_silver_plated_coins...
http://www.alibaba.com/product-gs/768155552/1oz_40mm_silver_plated_coins...
not that a reputable supplier like AMPEX - or any other - would knowingly touch such items........
In the 1 kilo vein......
http://www.alibaba.com/product-gs/571152066/Queen_Elizabeth_II_2012_1_Ki...
http://www.alibaba.com/product-gs/571147994/2012_Queen_Elizabeth_II_1_Ki...
WOW! a 1 to 1 gold to silver ratio on the 1 kilo Queen Elizabeth coins.....
So *THATS* where all the gold is going! Those Chinese are really smart. Take a solid bit of gold, use it as gold plating and then sell fake gold coins to tourists. That's awesome. No wonder their gold coins are so light! There's profit to be made off the dumb westerners, that's fer shizzle.
its probably a good idea to have these, as Ron Swanson would say, "in your safe where anybody can get them", and the real stuff under a slab
So a roll of 20 is about $16K?
Pretty sure you need to buy 10 or more to get this price... that's 10 kilos and, while still a relative bargain, not very useful... I'd rather a monster box :-)
silver is a by-product of mining metals that actually have instrinsic value
rather than simply discard it, the miners go ahead and process the silver so they can pick up a free $24 per ounce
the price can drop to about $1 per ounce and the miners still get to enjoy free profits from the excess, unwanted, scrap silver the dig up in pursuit of more valuable metals
obligatory /s for anyone who didn't see it in the small print
Poe's law strikes again.
http://en.wikipedia.org/wiki/Poe's_law
Why is why I'm curious about streaming companies like Silver Wheaton or Franco Nevada... They stream Silver and/or Gold from some companies mines... when the prices were going up, how willing with these companies be to make deals with the streamers?
example, SLW's avg silver cost is around $4.16 / oz
silver is a by-product of mining metals that actually have instrinsic value
rather than simply discard it, the miners go ahead and process the silver so they can pick up a free $24 per ounce
the price can drop to about $1 per ounce and the miners still get to enjoy free profits from the excess, unwanted, scrap silver the dig up in pursuit of more valuable metals
Wel,well,well lemme see, and pray tell what is the spot price per ounce of the usual items being mined?.
Typically Copper,Nickel, etc
Idiot. Process equals labor + energy ... that's not and never will be free.
Try making most modern electronics without silver.
Try making bread without wheat.
Is that a permanent, never-changing reason to buy wheat futures?
It appears extremely likely that exposure to silver, like lead poisoning, causes irreversible mental degradation.
You are right, time to convert my silver holdings into something productive like T-bonds or JP Morgan-Chase CDs......
Electronics? Hell, trying going fishing without silver.
A waste of a good boating accident without your silver.
The point is THERE ARE VERY FEW DEDICATED SILVER MINES
Most silver is produced as a BYPRODUCT of mining copper, lead and other more commonly used metals. The mining of those metals continues whatever the demand for silver is, though it may slow if demand for copper and other metals drops. The cost of running these mines is borne by the primary product. 95-99% of the costs in running those mines remain whether any silver is produced or not.
Silver is an INCREMENTAL cost byproduct - additional processing yields silver or concentrated silver ore which is usually bought as it (and of latte often sent to China for refining into .999 silver - a dirty polluting process).
Silver Wheaton's whole business model is based on fronting some of the immense capital needed to start up large mines for copper and other metals in exchange for future 'byproduct' silver sold to SLW at a locked in low price.
What a hopelessly stupid thing to say, Safely Graze.
Silver is typically a byproduct of lead or copper mining. Silver is much more valuable than either. Silver is a fantastic conductor. Silver has terrific reflective properties. Silver also has wonderful anti-microbial properties. In fact, according to many sources, oil is the only substance on earth with more uses than silver.
One of silver's uses is that it satisfies the qualities necessary for money (durability, divisibility, convenient, consistent, has value in itself, limited in quantity and with a history of acceptance) better than any other substance on earth except gold, the other element with thousands of years of history of use as money.
Yeah, no intrinsic value.
Real estate is limited in quantity too.
How did that work out in the past few years?
The world changes, but the silver suckers only ever sing the same tune.
Dont feed da Trolls!!!!
Silver is typically a byproduct of lead or copper mining.
this could be a pro for silver.
so if the floor falls out of the Pb/Cu market, or lower grade ores + increase deisel costs = not profitable Pb/Cu mines, the supply of silver wont increase and hopefully up goes price.
Idea for Mint and Refiners!!! How about Buy Silver Futures and Ask for delivery..
Yes! Buy few Tons of Silver on CRIMEX and
Let JPM delivers since back orders are in place already?
And on a positive note, if they fail to deliver you can always buy the metal needed for your product at 15% over the spot price they pay you.
"silver is a by-product of mining metals that actually have instrinsic value"
And what gives those metals intrinsic value? Their utility in industry. Too bad silver doesn't have that, so your argument is brilliant.
I would argue that since consistent, significant, and stable economic growth is possible ONLY when using gold and silver as money, they are the most intrinsically valuable metals of them all: you can use copper for pipes and wires, but the ability to have and benefit from industries which use those metals is dependent, ultimately, on sound money. So the two king metals are actually intrinsic to everything of value. The alternative to them is throwing caution to the wind and let banksters slowly pauperize you with their money, diminishing the transactional value of ALL material things (except the monetary metals; those they have to diminish with an even more aggressive means of deceit and manipulation).
1-Kilo Koalas are cheaper (only $1.59/oz. over spot) at Provident:
http://www.providentmetals.com/2013-1-kilo-silver-koala-australia-perth-mint-coin.html
[and you don't have to order 10 or more of them to get that price...]
http://www.apmex.com/Category/1193/100_oz_Silver_Bars.aspx
Yesterday on ebay I saw 2 silver eagles go for $65 + $2 shipping. Rolls of 20 eagles go for between $625 and $650, shipping included. Buyers all day long.
There used to be good deals on eBay. PMs are soooo expensive now.
Not that bad a deal- Ebay charges for the auction, as much as 13%.
The sellers are refusing to eat that. When you consider the waiting time, shipping charges and CC fees, from a 'real' dealer, it's a fair dinkum.
My silver guy is $6.00 over spot but he has nothing to sell..
Boeing Boy,
If he has nothing to sell than it's not $6.00 over spot. He can call it $0.05 over spot but if I can't buy than it's useless.
Is Bullionvault physical? Does it have counterparty risk?
Is Bullionvault physical? Does it have counterparty risk?
ALL PM depositories in private hands have countrparty risk(theft by goobers).Also, BV, if I remember the FINE print has the OPTION of cashing you out, just like any other ETF.
Unless you have to add shipping. That is added to my per once cost....
Provided you purchase 10 or more (1Kg is around 32Toz * 10 * spot = around $7700)
https://comparesilverprices.com/
At my local coin shop I was able to buy 9 rolls (50 dimes each roll) at $85 each roll for a cost of $23.50 per ounce of silver.
4 rolls yesterday and 5 today.
That's below spot yesterday and at spot today.
Sure it's "junk silver" but silver all the same.
Deals are out there. LCS, ebay, craigslists.
Good deals out there for good shoppers.
BTFD
If anyone is buying Silver for May 1st, you can win some free Silver by uploading a picture to http://bulliongallery.com, see details here: http://bulliongallery.com/news/27/Prizes_for_May_1st_Silver_Purchase_?vi...
I have many Slver kilo coins. Not inconvenient at all, fits nicely into a stretched out hand ;)
LOL - its $1.79 over spot because nobody wants an oversize 32 oz coin. Give me small denomination coins or large bars.
I have a few dragon kilo's because I'm from 76 so also a dragon in my starsign. and the dragons are fucking cool! :)
it's not THAT big and it are nice centerpieces to put in the vault.
Before I bought them, I even thought them to be bigger.
A LCS I used to frequent had a one kilo platinum "coin" on the wall. Dat's bling.
Case in point; A large portion of March totals for silver eagles at the mint were deferred to April.
Picked up some Pandas for my daughter earlier today. 2012's ..... she loves 'em.
That's a big koala
/that'sabigtwinkievoice
That big, ugly koala should move his paw, otherwise it sorta looks like he's 'batin'.
Methinks it's time to open up a fabrication and shearing shop in my garage.
Don't forget forging and reloading.
God, that thing is hideous, but still not as bad as what's on the other side.
they would get more premium if the koala was fisting the Queen
Why did the song "Ring my bell" pop in my head?
Hafta look for that vid again. Need something funny.
pods
Interesting that they chose a slow-moving, slow-witted, foul-smelling, rather useless arboreal animal for both sides of the coin.
I "borrowed" yr joke (w/ attribution!) about the goldbugs from India, akak. I sent it out to the +/- 50 on my Joke List, many of them thought yr joke was fabulous!
Thanks DoChen!
Always glad to be of service!
(And yes, it just came to me off the top of my head.)
could you post it again?
Q: What did the Indian goldbug say to the other Indian goldbug?
A: "What good is owning a cow? I mean, you can't eat it!"
Brilliant
Good one. But you sure can milk it. Also make more cows/bulls.
akak said:
A true instant classic.
The only one not laughing is Jonderpdum Nadlershitdeep.
"I am not wanting you to be doing the buying of the golds, for that would be making you all the very stupid peoples, and I am not wanting to be seeing more of the Indian goldbuggery than is being already there in the place of all those people who wear all the gold jewelries and who hoard all the golds and are not wanting to hold instead all the paper that I am always wanting to be pushing on everyone who is not doing the knowing of the better."
How rude!
/C-3POvoice
http://www.youtube.com/watch?v=FWoG9tKf1lA
Just bought some from my LCS, but they stopped doing live prices. They are just selling for 30.00 an ounce. Kinda feel ripped off, but they ran out selling at spot. Free markets who dove thunk it.
+1 for user name. My LGS (local grocery store; LOL) just got in a ton of new IPAs including Stone, Two-Hearted, and many others.
fuu,
Actually, the Mint sold 11,500 ounces of gold today:
http://www.coinnews.net/2013/05/01/gold-silver-close-lower-but-rise-after-fed-holds-qe-steady/
I used this one: http://www.usmint.gov/mint_programs/american_eagles/?action=sales
That doesn't include the 1,500 Gold Buffaloes the Mint sold today.
Fair enough.
10,000 oz of gold sold by the US Mint today. Zero silver though.
They aren't shipping any is why.
Typical of good ole AMPEX.
Er' NO!.
Physical silver is very tight, gold is startig to tighten up, and yes the premiums are very high on some products. As a dealer, I want to help some of my Zerohedge patriots by giving them the heads up on some items. ASE's are a joke for both delivery and premium so stay away from them for now. If you are going to buy silver, buy the following
100oz silver bars....we are $1.25/oz over spot...do not pay more than that,,,,,delay of 2 weeks on most big bars.
10oz silver bar.....we are $1.65/oz over spot....again, do not pay more than tht...I have seen a few dealers maybe a dime less this week....some size in stock but large orders are 2-3 week delay.
1oz silver rounds,,,,we are currently $2.25/oz ov)er spot (kills me because we normlly are $0.99-$1.20/oz over)....we have some in stock and we will have 13,000 in stock next week.
I hope this helps my fellow stackers. Don't forget, stay away from paper silver and gold!
Mark Lonneker
President
Liberty Coin & Precious Metals Libertycpm.com PS.....None of us want those kilo bars...nobody buys them!!
As for kilo bars, I exist on the other side of the planet from San Diego and can tell you that anywhere where the metric system is in place, Ag is Ag and people in the market are in the market.
On a related note, my supplier in Japan was always trying to ply me with kilo bars of gold for 5% UNDER spot (jewelry grade 99.9 generic) because he could find any other way to unload them. This was about 5 years ago. And I didn't have enough cash for that even with the discount. One day, about 3 years ago a Chinese guy walked into his (out of the way) watch repair and jewelry shop and wrote down (didn't speak Japanese) that he wanted gold. My guy bumped the price up to 1.5% over spot just to see and the guy bought all 12 kilo bars he had on him with a GIANT wad of cash. Yen and dollars mixed (none fake). He closed early and has only sold gold to cash paying Chinese (and me) since. There's a giant sucking sound coming from China...
cool story bro
didn't believe, though
+1. Thanks for the insights. Wish you'd post more often.
Bigger pockets
Bear'ish, geddit.
Seems to me that the banking syndicate is "up a tree too" in that the only way to cover their pm short without sending their reserves below 2.0% is to let up on the printing.
Is Homeland Security buying up silver rounds now too? For the Vampire Werewolf Apocolypse?
Better check with NWTM: http://silverbulletbullion.com/
They had a pretty good stash not to long ago. . .
American inovation, I love it!
that's actually some really cool stuff!
they should add the motto: "Killing JPM one round at a time"
The problem with NWTM is the longggggg wait time. I was buying from them going back three years ago and, delivery took wayyyy longer than any other major supplier. I have to say tho, their "Stagecoach" bars (can be easily divided into 3/4, 1/2 or 1/4 sections) are real cool and handy. Otherwise, except for long delivery times (possibly on par with all other dealers now) they're a good outfit.
OMG - tell me about it. They're local to me - so when we cashed out the 401k to transition into PMs, we ordered it from NWTM because I didn't want to deal with mail, preferring to pick it up in-person. It took almost two months. Man, I was sweating. It finally came through though - as has every other order since (much faster since the big buy btw).
(of course it's all gone now. . . damn leaky canoe)
DAMN THAT'S COOL!!!
To bad those fuckers don't ship to europe.....
does anybody know a site that ships those to europe?
Morocco and Africa ship a lot to europe.
The Perth Mint. http://www.perthmint.com.au/
Uh, APMEX.
The whole point of silver for money is smaller demoniations than gold. So a 1 kg coin is a fail. The other reason for silver is speculation (higher swings than gold) and paper is good for that. So the 1 kg coin is a novelty item I guess.
edit
Dr No: "The whole point of silver for money is smaller demoniations than gold. So a 1 kg coin is a fail. The other reason for silver is speculation (higher swings than gold) and paper is good for that. So the 1 kg coin is a novelty item I guess."
Some see more upside potential for silver than gold. They also don't want to put their money in paper, but in the physical commodity without counterparty risks. I wouldnt personally pay a premium for any quantity of kilo coins over plain bars . . though I have paid a premium for a really nicely designed metal product given as gifts or to have one for the heck of it. If silver prices end up where I think theyll be eventually, the few dollars premium paid won't be significant anyway. When making larger purchases I go as low cost as possible.
BTW - I don't like the look of that koala coin at all
that'd make a nice coaster
This just means that a particular form of silver i.e. coins are hard to find because mints were not set up for this sort of demand. It does not necessarily relate the picture for the entire physical market. But I suspect that the trend will spread throughout.
It's too lumpy for my purse.
If someone tries to steal it, just knock em out with it.
they make for good discus practice
That Kilo coin is some butt ugly. They may need buy one get one free.
silver is silver.
I'll even buy "scrap" silver when the price is right :)
WTF?? Must be a lot of fucking werewolves eating koalas. If you are complaining of mark-ups in silver, you should see what's going on in the consumer-sized brass, copper and lead markets.
Another 1.6% of COMEX Gold inventory out the door:
4/30: 8,000,991
4/29: 8,129,154
Remember yesterday Scotia brought a bunch of inventory in, and transferred out about half of it. Today the other half they brough in went out the door.
oh, and PS, Tyler: physical is money ;)
+ 1
shit that is like 1.5% a day lately eh? I wonder if the percentages start to shoot up as the inventory depletes.
Yes, we're consistently seeing 1.5-2.5% walk out the door every day the market is trading, and it was only thanks to Scotia we didn't see new lows on inventory.
The size of the sales seems to have gone up the past week or so, but it's odd (to me) that Scotia showed up and put so much into the market, just for them to take it out of the market the next day.
We know from past experience (MFGlobal) that the reported COMEX inventories aren't real and they'll do cash settlements in lieu of delivery when supposedly they have plenty of gold on the books. I can't find the total gold inventory from 10/31/2011, but the registered gold was 2.298 million oz on that day, and as of yesterday registered inventory is 2.103 million ounces, so we're actually about 200K oz below the point where MFG imploded.
I really don't think COMEX has much wiggle room. I have to wonder if that comment from them yesterday about coins was an attempt to drive people away from standaing for delivery at the exchange and just have them buy coins.
That was the guy from the CME, not the COMEX, as someone supposed in that thread yesterday he might not have been in on the planned dump and might be mightily pissed off
Love these 'take downs' . . wonderful opportunities to buy on sale IMO.
Last week I was hoping theyd try knocking down the price some more.
"This silver coin comes in a plastic capsule."
I bought two of those a couple of weeks ago.
Fumnbled and dropped them down a steel sewer grating when I was holding them up to the sun to see how shiny they were and how ugly the Koala illustration on the front is.
But...it's Silver not at $8/ounce over spot like Silver Eagles.
Damn sewer grate, just can't bring myself to go down there to get them - what with all the flushed pharmaceuticals in sewage these days - might come out with a 4-hour erection and Boobs.
If you have death-like symptoms, you may want to contact your physician.
I bought a couple for my Grandkids....hey, hard to beat that price since 20 years from now as the $$$ loses purchasing power at 6-8%/year, these could be worth ...well, who knows (I'll leave that up to statisticians and mathematics professors)....in any case, they're pretty cheap and perty for the little RugRats....besides....
I'm a Cheap Bastard !
Current Price(1.06^[#years]) = new price
All other things constant
Inflation is not fixed at 6%/annum and all other things are not constant.
your in luck, cause silver is anti bacterial. so u will come out healthier than when u went in
even with the boobs and the erection
But...it's Silver not at $8/ounce over spot like Silver Eagles.
If you do not know where to get it for less.
I was exaggerating a little bit, but random year Silver Eagles start at $4.99 over spot and the monster boxes of Silver Eagles are $5.99-$6.99 over spot. Ouch!
http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2013__Prior.aspx
That's $3.20 more than the Perth Mint Koala, so ~$104 more per 32.5 oz.
To each their own.
You can get Maples for about $3.50 over spot if you look around.
Would rather have any silver coin over FB stock...now the chief accounting officer is leaving FB...wonder why...after the earnings release...curious...
Would rather have any silver coin over FB stock...now the chief accounting officer is leaving FB...wonder why...after the earnings release...curious...
i'll buy silver (physical) when its $17. gotta wait for the bubble to fully deflate.
i would wait for $16.90
If it hits $18, I'll buy everything.
Better hope it goes down there and stays at 17 for a few months then. If it goes down quick, you won't find any at that price. Just like you can't find any silver for less than about $30 now. Maybe when it hits 17 you will be able to get it for 23 or 24---todays cost. But I'd love too see $17 silver---monster boxes at $8500--who would have ever thought you could get a MB that cheap ever again (and you probably never will anyway).
Oh, I'm sure it'll get there or maybe even <$2.00 an ounce with the way this product is "specialty" priced but you'll have to pay the >$50.00 premium...if you can even find any available!
I wonder when they'll start using this kind of pricing on food when it becomes impossible to reduce the size of packaging anymore in order to assure people that inflation is not a problem.
I own some kilo coins and I concider them the crown jewels
of my coin collection.They are beautifull and impresive.
Tnx for the tip ZH :)
I had some too (before I went out to sea with them....)
@ 101 years and counting: What makes you think that Ag is in a bubble? The fact that a mine producing 25% of US annual just went on hiatus due to a landslide? Or that there is NO Ag to be found and orders are backed up 6-8 weeks? The axiom "catch a falling knife" comes to mind sir. I don't know about the rest of this august posting body, but I'm not buying Ag because I'm looking to turn a quick or even long-term profit.
dude, dont feed the troll
Premiums are $5-$8 on Eagles and Maples, but generic rounds have come down quite a bit from a couple weeks ago. SDBullion's selling buffalo rounds for $1.99 overhttp://sdbullion.com/shop/silver/1oz-silver-buffalos/ and Provident is selling OPM rounds for $1.99 over
Volume discount or in this case volume = weight most likely. Nothing fundamentally wrong with the pricing strategy here based on current physical market retail prices. Supply and demand, probably less demand for larger denominations of silver. My question is how is Ampex selling them so cheap, is this surplus they have lying around they bought years ago when silver was like at $5 a troy ounce or did they lock in prices at lower rate for the year like the airlines do when they buy fuel? My second guess is this pricing beside being a volume discount maybe they are trying to entice big money to spend on these larger sized bars since small money tends to buy smaller sized denominations of anything and not just gold and silver. Either way all speculation aside I doubt Ampex is losing money on this deal and we are seeing real price discovery based on the physical markets in action here. Capitalism isn't quite dead yet.
Ten Ounce and 100oz are the bulk of investors buy's.And 100oz carries lowest prem I have seen.Just 29 days to get my last purch, of IRA approved rounds.
http://2.bp.blogspot.com/_370LegCORZc/TEHwMc9BS2I/AAAAAAAAABM/xhKMTPIwVjo/s1600/koala-in-a-bucket.jpg
I have a three year old Koala Bear named GumNut, that I'm desperately trying to find a new home for. I bought him back in January figuring it would be an awesome pet that would enjoy living in my greenhouse, sadly I was wrong. I paid $3200 for him back in January and I'am not sure what the used Koala Bear market is like in a good economy or the one we have now; so I'am open to offers. Please use some common sense before contacting me, don't be an idiot, I'am not interested in trading my Koala Bear for your busted up 1980's Camero, your XBOX, or an offer to paint my garage door.
GumNut's Stats:
The Good
*He is somewhat housebroken, uses a cat box most of the time.
*For the most part he is very quite; this also falls into the bad category which we will touch on in a moment.
*He eats spiders, (not kidding) we haven't had a spider in our house since we got him.
*Hates watching Desperate Housewives, used to be my wifes favorite show until GumNut bit her for changing the channel from Jeopardy, to Desperate Housewives.
*Gets along well with one of my two dogs.
*Loves to go for car rides.
Now for the Bad:
*He eats a lot of eucalyptus, which is not as cheap as I expected.
*Apparently eucalyptus is like a drug for Koala Bears, when GumNut is coming down from his high he becomes very violent and aggressive.
*He raped and killed my wife's cat "Miss. Kitty'" (Honestly, I wanted to put this in the good section because I've been trying to find a way to get that worthless cat out of our house for two years, thanks GumNut.)
*He does not like Asian's, I have no idea where this Koala was raised but someone of Asian Decent must have really mistreated him.
*Loves Vin Diesel movies, not sure why, he just does.
*Has extremely sharp claws and teeth which he uses often.
*Loves shiny objects, steals and hides them frequently in my dog's ass.
*He is quite, and as a result has snuck in on my wife and I during intimate moments. I mind him watching; maybe it won't bother you as much.
* GumNut smells terrible and is not easy to wash. I had to hold a gas soaked rag over his mouth till he blacked out to get him in this tub for a bath.
*Once he is in the water he is fine, getting him into the water is a challenge, he will scratch you, he will bite you, and you will bleed.
WTF?!??!?!!
Methinks someone inhaled a bit more of the gasoline fumes than they should have - and I don't mean the koala.... this sounds like long term usage (and damage)
Huffing is BAD for your brain.