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Purchasing Silver in Bulk

OperationButterOperationButter Posts: 1,672 ✭✭✭
in Precious Metals
If one wanted to purchase silver in bulk, lets say 500 oz, what would be the best method. My parents are looking to make this purchase, my thoughts were a sealed monster box of ASE's. Anyone know reputable dealers online that wont charge too much over spot? Thanks for the help!
Gold is for savings. Fiat is for transactions.



BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole

Comments

  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
    how will they be selling it? all at once? a bit at a time?
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    They dont want to sell. This will be passed down or used to barter if things went all caveman style image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
    monster box

    just use google.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    I buy my monster boxes from tulving.com
    great price and free overnight shipping
    Many different silver selections, but you gotta buy quantity (500 or more ozs.)

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>monster box

    just use google. >>



    makes sense. I was trying to find out if anyone has done this and could recommend someone/dealer that they used. thanks for the confirmation though!
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>I buy my monster boxes from tulving.com >>



    Great thanks!
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>

    << <i>I buy my monster boxes from tulving.com >>



    Great thanks! >>


    I wire funds (6 boxes over the years) and never had a problem. Phone orders only. their website shows prices over spot at time of your call.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    hey butter, turn on you private message feature in your profile.

    and welcome!

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Thanks didnt know it was off... :/
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭


    << <i>I buy my monster boxes from tulving.com
    great price and free overnight shipping
    Many different silver selections, but you gotta buy quantity (500 or more ozs.) >>



    image

    I like them for gold too
    JR Newsletter Online Edition
  • joefrojoefro Posts: 1,872 ✭✭
    If it's for bartering, I would go with a giant batch of 90% US coins. Smaller denominations to trade for smaller items. Having a monster box of ASEs may be like walking around with nothing but $20s after SHTF. Better to be able to "make change".
    Lincoln Cent & Libertad Collector
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Nothing wrong with a monster box if this is a hold and pass down silver batch. And nothing wrong with some bags of 90% for barter either. Both have their perks and issues.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    100 oz. 90% U.S.
    400 oz in brand name 10 oz. bars ie Johnson Matthey, Engelhard
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    a sealed monster box of ASE's

    I agree with this idea. Tulving is the best in terms of cost & service, as long as the order is large enough to meet their minimums, which this does. Not a bad time to add some silver, imo.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>Nothing wrong with a monster box if this is a hold and pass down silver batch. And nothing wrong with some bags of 90% for barter either. Both have their perks and issues. >>



    They own plenty of small denomination 90% silver. They are looking for a large amount and I believe it is more a hold and pass down situation.

    Thank you all for your comments, appreciate it
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>a sealed monster box of ASE's

    Not a bad time to add some silver, imo. >>



    Agreed. Not trying to time the market but will wait a few days until we place the order to see if a support forms at the 27.50 + level.

    Thanks again all
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • TwinturboTwinturbo Posts: 493
    Ive used camino coin co in the past
    Ordered two monster boxes abd an occassional gold kilo bar.
  • tneigtneig Posts: 1,505 ✭✭✭
    Extended afterthought question?

    Why not base silver which is cheaper, like apmex or sunshine bars or generics of 'mixed and cheaper' higher weights.
    How come the extra cost of higher premium vs the cheaper?

    (In tough times or SHTF, I don't see getting the prem back on more expensive brands.
    And if it's good times I think the base brand bars will sell. More quantity for the buck too, right?)

    COA
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>Extended afterthought question?

    Why not base silver which is cheaper, like apmex or sunshine bars or generics of 'mixed and cheaper' higher weights.
    How come the extra cost of higher premium vs the cheaper?

    (In tough times or SHTF, I don't see getting the prem back on more expensive brands.
    And if it's good times I think the base brand bars will sell. More quantity for the buck too, right?) >>


    Keep in mind that spot prices are determined by paper trading. Premiums are the extra you pay for the real McCoy. Premiums vary with the quality and demand for the various McCoys. More demand (and higher premium) usually means more potential buyers when you decide to sell.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Silver Eagles are probably the most easily-liquidated silver there is, and they are in nicely-divisible units. That's always worth a premium.

    Bars are ok, and you may feel that you're getting a bargain. Sometimes it is a bargain, and sometimes it isn't. Bars require some expertise on the part of both buyer and seller.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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