obtaining silver bars

[Intrinsic_Value]

Hi to those who are familiar with physical silver/gold.

What is the cheapest way to obtain silver bars.
by cheapest i mean lowest margin over physical price.

thanks.

 

[The Y-man]

....just keep in mind the cheapest to obtain may get the cheapest price when selling....

The Y-man

 

[Intrinsic_Value]

and why such a huge spread between buying and selling.

The spread on 1kg silver bars is 13%

 

[Intrinsic_Value]

....just keep in mind the cheapest to obtain may get the cheapest price when selling....

The Y-man

essentially only where one is paying for 'collective value'.
I am not interested in collective value.

 

[HotRod]

Hi to those who are familiar with physical silver/gold.

What is the cheapest way to obtain silver bars.
by cheapest i mean lowest margin over physical price.

thanks.

1kg silver bars at the Perth mint have a 11.4% spread, whilst gold 1/2oz bars have a spread of about 8.7%.

Buy 1kg gold bar and the spread comes down to 3.1% and 100oz silver bar 9.6%.

So I guess, the bigger bars have the lower margins.

 

[tobe]

a silver mine? an armourguard truck? Off one of those internet sites that bangs on about Fiat currency all the time?

 

[Aaron Sice]

i paid bugger all premium on my 1kg Ag PAMPs - i think it was about 8pointsomething percent from memory.

 

[FormerLurker]

Not sure if it's counted as advertising them since I am in no way affiliated with them but theres a host of online dealers that are decent:

Aurora et luna
Bullion bourse
etc.

the two above I have used and had no problems with.

You can always check the silverstackers forum for additional vendors and person to person sales if you are that way inclined.

If in Perth you can also walk into the mint to the bullion counter.

Mods feel free to delete if naming names is frowned upon.

 

[Aaron Sice]

bullion bourse - ben or tim.

 

[Intrinsic_Value]

been going through some of the silver onsellers.
All their prices are higher than the perth mint.

Why would people buy through on of these onsellers when their price is higher?????

(not trying to be a smart**** here, just trying to understand the market)

PS i am only looking at price comparisons on 1kg bars, not interested in lessor quantities.

 

[hobo-jo]

What is the cheapest way to obtain silver bars. by cheapest i mean lowest margin over physical price.

By a contract on the COMEX and take delivery (5000 ounces).

But maybe a bit limiting to do that from Australia. I can recommend:

https://www.bullionlist.com.au/
http://www.bullionbourse.com/
http://bullionmoney.com.au/

Most dealers will be cheaper than Perth Mint direct.

All their prices are higher than the perth mint.
Why would people buy through on of these onsellers when their price is higher?????

Careful making that comparison outside of Perth Mint opening hours, most of the above dealers prices change 24/7 while Perth Mint's stop moving end of business day. Also you can expect Perth Mint postage charges to be higher.

 

[Intrinsic_Value]

By a contract on the COMEX and take delivery (5000 ounces).

But maybe a bit limiting to do that from Australia. I can recommend:

https://www.bullionlist.com.au/
http://www.bullionbourse.com/
http://bullionmoney.com.au/

Most dealers will be cheaper than Perth Mint direct.


Careful making that comparison outside of Perth Mint opening hours, most of the above dealers prices change 24/7 while Perth Mint's stop moving end of business day. Also you can expect Perth Mint postage charges to be higher.

Perth mint $928 + $17.5 delivery fee = $945 total inclusive cost with delivery

 

[HotRod]

...or, pick it up in person.

 

[joeExpat]

Australia is a good place to buy Silver since many other countries treat it differently to Gold and add sales tax (GST) to it, so it´s not really worth buying Silver bullion in Europe.

Buy 1kg gold bar and the spread comes down to 3.1%

Less than 1% spread on 1KG AU in Zurich. 1 ounce bars have a 3% spread.

 

[hobo-jo]

Perth mint $928 + $17.5 delivery fee = $945 total inclusive cost with delivery

Maybe things have changed (and Perth Mint is more competitively priced these days), but in transactions I've made in the past other dealers would normally ship 2-3kg for that price. You would be better off finding a Melbourne dealer with good prices and then pickup e.g. Gold Stackers is in Melbourne:

http://www.goldstackers.com.au/store/silver-bars/kilos/pamp-1kg-silver-bar.html

But unsure when their pricing updates.

You really need to be making these price comparisons during a regular business days as some stores update their web pages 24/7, others don't.

 

[redwing]

Hi to those who are familiar with physical silver/gold.

What is the cheapest way to obtain silver bars.
by cheapest i mean lowest margin over physical price.

thanks.

Why the interest in silver IV

 

[Intrinsic_Value]

Why the interest in silver IV

i will explain in a later post, it will need to be in some detail (by the way its interest (curiosity, potential opportunity etc ec), not execution at this stage)

Does anyone have a link for historical silver prices in AU$.

I need 5yr, 10yr, 15yr and 20+yrs thanks.

 

[Intrinsic_Value]

Australia is a good place to buy Silver since many other countries treat it differently to Gold and add sales tax (GST) to it, so it´s not really worth buying Silver bullion in Europe.


.

very interesting.

So different european countries with different sales tax would have different rates applied to silver right?

some of the sales tax in europe is very high, 20%+
that would be a huge premium.

What about on 2nd hand? my understanding is that sales tax only applie to 'new products' not 2nd hand products.
So what about the secondary market?

 

[hobo-jo]

Does anyone have a link for historical silver prices in AU$.
I need 5yr, 10yr, 15yr and 20+yrs thanks.

Not aware of any that old online, you would probably need to chart your own, Perth Mint has the data here:

http://www.perthmint.com.au/investment_invest_in_gold_precious_metal_prices.aspx

 

[Intrinsic_Value]

one of the windows of opportunity are currency markets going long AU$ as a proxy for safety, this in turn generates demand from the traders which puts additional upside pressure on our currency.

Silver essential pricing test US$26.6

A potential opportunity will be created if AU$ goes up, yet silver breaches US$26.6 on the downside, this will create at least short term panick in the silver markets, as long term stops are executed.

The 5 year US$ silver chart does not look healthy at the moment. Lower highs are being generated, but with that US$26.6 major support level.