500 OUNCE SILVER SHOT $8045

Mike59

So JM Bullion has 500 OZ silver shot for $8045 per bag. That's $16.09 an ounce, cheapest silver I've seen but what do you do with it if you don't have forge or smelting available. Im not that guy but I do enjoy watching "Backyard Bullion" on YouTube.

https://www.jmbullion.com/500-oz-silver-shot/
Mike

jmski52

I'm guessing that the only way to sell it at a later time is to ship it to a refinery and wait for their offer. Not for me.

derryb

I've bought ASEs on ebay in the past (with bonus bux) for less spread. I'll wait for "normal" to return, if it ever does.

DrBuster

An old school friend of mine makes jewelry and uses shot.

Jinx86

Start your own pour and stamping operation. Small bench furnace and mold and tools might cost $2K out of pocket. That would be a very basic system. And BAM, start selling on ebay for spot+6/oz with a cool name on em.

isaiah58

@Jinx86 said:
Start your own pour and stamping operation. Small bench furnace and mold and tools might cost $2K out of pocket. That would be a very basic system. And BAM, start selling on ebay for spot+6/oz with a cool name on em.

And how does one verify and guarantee the purity of the end product they plan to sell?

Jinx86

Have a website, youtube videos, and solid feedback. You can change the name of an existing ebay account and keep the feedback. I did that once when I went from just a collector to a seller with a store. Got off with a few thousand feedback to start the store account.

ricko

Years ago, when I worked in the plating industry, we used silver shot and also gold....was useful for plating small electronic housings such as transistor bodies etc.. One day, while walking through the plating room, I noticed that I blocked a ray of light....wondering what that was, I crouched down and saw light coming in from outside through a round hole in the wall. Then I noticed a few pellets of gold on the floor and ground outside....Someone was stealing gold by funneling it to a person outside. Yep, I caught them a week later. They went to prison. Cheers, RickO

Jinx86

@ricko

Detective Ricko hard at work.

LukeMarshall

Backyard bullion temporary closed their operation recently because of supply issues, he talks about it on his latest video.

I have been playing around with aluminum and copper in my own backyard forge/smelter working my way through the different metals... 500oz of silver shot is quite the commitment and not for me at the moment.

I do have a 500g bag of Sterling I plan to play around with soon though.

ricko

Sterling has a melt point about 300 degrees lower than pure silver, though I have never tried it myself. Cheers, RickO