Can you imagine buying a 10,000 oz bar of silver
Bear
Posts: 18,953 ✭✭✭
and trying to schlep it home?
There once was a place called
Camelot
Camelot
0
Comments
Two Green-Monster Boxes are a tough haul, too.
SLV is not heavy at all.
[... 650 to 700 REGULAR pounds... give or take.... since they are rarely exact weight....]
********************
Silver is the mortar that binds the bricks of loyalty.
I couldn't imagine a bar 10X this weight!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
It wasn't priced to sell, they just wanted it as a display.
I did purchase three of them back when silver was below $5 and still paid a bit of a premium.
They came shipped UPS in a wooden box with fairly large wood shavings as a packing agent and labeled as machine parts.
The driver used a dolly to bring each one to my front door.
They fit just fine in my safe deposit boxes. The problem was bringing them into the bank as inconspicously as possible. Yes, it took three trips!
I haven't seen any since and that was many years ago.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
********************
Silver is the mortar that binds the bricks of loyalty.
<< <i>Saw one in a display case at a Houston B&M shop years ago.
It wasn't priced to sell, they just wanted it as a display.
I did purchase three of them back when silver was below $5 and still paid a bit of a premium.
They came shipped UPS in a wooden box with fairly large wood shavings as a packing agent and labeled as machine parts.
The driver used a dolly to bring each one to my front door.
They fit just fine in my safe deposit boxes. The problem was bringing them into the bank as inconspicously as possible. Yes, it took three trips!
I haven't seen any since and that was many years ago. >>
Three 10,000 oz silver bars in a safety deposit box!!!
That must be one Behemoth-sized safety deposit box
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>Saw one in a display case at a Houston B&M shop years ago.
It wasn't priced to sell, they just wanted it as a display.
I did purchase three of them back when silver was below $5 and still paid a bit of a premium.
They came shipped UPS in a wooden box with fairly large wood shavings as a packing agent and labeled as machine parts.
The driver used a dolly to bring each one to my front door.
They fit just fine in my safe deposit boxes. The problem was bringing them into the bank as inconspicously as possible. Yes, it took three trips!
I haven't seen any since and that was many years ago. >>
Three 10,000 oz silver bars in a safety deposit box!!!
That must be one Behemoth-sized safety deposit box
No, I should have been more clear.
Three separate boxes for those, though the rest of each is filed with rounds and smaller bars.
I originally had a couple of the behemoth sizes many years ago but quickly realed that I couldn't possibly pick them up or move them.
Now I've diversified to several smaller boxes. They are still all quite heavy.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Silver porn...
Knowledge is the enemy of fear
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I may be wrong, but I think the above pics of all those bars are only 1000 oz each, not 10,000 oz. >>
You're correct, those are poured 1,000 ounce bars.
Each pallet would weigh in at 1860 pounds. Forklift territory.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
The dealer siad he would sell it to me for spot, which at the time was just under $20.00 per ounce. I said I did not have a spare $20K lying around. Glad I passed given the drop in silver spot. Now if I coul dhave bought it when spot was $5.00 per ounce, I just might have taken the plunge.
<< <i>
Silver porn...
Just think ... even all that silver shown in that room, would not have been enough to equal what the US Mint has already sold in bullion ASE's year to date.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>WOW!!! I wish I had that much silver! Does anyone know of what place the pics are from? >>
Honestly, the more I look at them, I do believe they are industrial silver bars. They have that "sandstone" look.
Thus they are NOT .999 silver and worth quite a bit less than one might initially think.
My personal experience with industrial is limited to 100 ounce bars, but 1000 oz are actually the most common, though they do come in both sizes as well as 10,000.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
What we have here is two different batches of metal.
The sandstone looking finish bars (last two pics and with green strapping) are actually 5,000 ounce bars and are industrial silver.
The shiny looking batch (first two pics with black strapping) is the real deal, .999 1,000 ounce bars.
Both are generic which is to be expected with industrial silver anyway and both are poured which should be evident.
Both look to be of European origin as well.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
A 10,000 oz bar of silver would weigh about 650 lbs!! You'd need a forklift to transport that sucker!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>spoke to my contact in TO who buys and sells plenty of physical including 1000 oz bars of silver. He says he has never seen a 5,000 or 10,000 oz bar of silver.
A 10,000 oz bar of silver would weigh about 650 lbs!! You'd need a forklift to transport that sucker!! >>
If you blow up and sharpen those images, you can clearly read the weight on them. The industrial ones are marked at 5,000 tr. onces. I was surprised by that, but perhaps they do things differently across the water.
Not quite 650 lbs. You can move them with a hand cart and three guys can pick one up and move it as needed.
The others are also marked as 1,000 tr. ounces, the first two pics. They do appear to have been poured somewhere in Europe based on what I could read, I mentioned that earlier in the thread.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff