Thinking of buying my first 100 oz silver bar
bretts911
Posts: 764 ✭✭✭
Got an email from apmex for this apmex link but not to sure on how great of a deal it is? also as far as the brands go for bars I have no idea ?
any advise is appreciated
Thanks Brett
any advise is appreciated
Thanks Brett
0
Comments
It seems to work for IRA, if you are playing that game.
For me, I prefer 1-5-10 ounces as they are more liquid. Not everyone has the cash at a moment's notice for 100oz bars, so that may limit on the sale side.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I knew it would happen.
<< <i>Everyone ought to have a 100 oz bar experience at least once in their lifetime, eh Barndog?
Absolutely!
Of course, this is how the market for them is NOW...hold the bar for 5 years and it may be totally reversed scenario, but I doubt it because it's been this way for as long as I can remember.
An easy way to remember it when buying is, the higher the oz's of the bar, the less the premium...buying and selling it.
So, if you're willing to wrap up $xxxx in one thing, and if you are forced to sell for whatever reason, you have to sell ALL of that one thing vs. maybe only 5-6 of the 10 10 oz'ers you could've owned instead.
To each his own and I don't know if there's really a right answer. It's more of a preference thing.
<< <i>Got an email from apmex for this apmex link but not to sure on how great of a deal it is? also as far as the brands go for bars I have no idea ?
any advise is appreciated
Thanks Brett >>
All of the above comments carry good advice. Most of the time 5oz and 10oz bars are the way to go.
But if you've never owned a 100ozer? I'd get a name brand like that JM for the experience alone. They're a heck of a paperweight!
I think the Engelhard with the American flag box is pretty cool. As well as the struck JM or RCM.
It isn't probably never going to happen.
<< <i>Everyone ought to have a 100 oz bar experience at least once in their lifetime, eh Barndog?
I bought my first 100 oz bars in 1987. Sold one in 1992 and the last in 2003.
I hope your first experience isnt like mine.
Knowledge is the enemy of fear
<< <i>...An easy way to remember it when buying is, the higher the oz's of the bar, the less the premium...buying and selling it.
So, if you're willing to wrap up $xxxx in one thing, and if you are forced to sell for whatever reason, you have to sell ALL of that one thing vs. maybe only 5-6 of the 10 10 oz'ers you could've owned instead.
... >>
Makes sense. Variety is the key. A little bit of each. Some 100's some kilo's some 10's, etc. Prov has a 100 opm for .69 over (plus that shipping deal this month). I think that's their regular price on that. Nothing fancy a real "silver is silver" buy.
How easy of a move do you want it to be when you move the stuff? 5 100 oz bars or 500 Indian head rounds?
<< <i>Although maybe cool to own, and you can purchase them for less of a premium than a 10 or 5 oz bar, when you go to sell it, you will not get the premium you MAY have paid for it. 100 oz'ers are a slave to whatever Spot is.
Of course, this is how the market for them is NOW...hold the bar for 5 years and it may be totally reversed scenario, but I doubt it because it's been this way for as long as I can remember.
An easy way to remember it when buying is, the higher the oz's of the bar, the less the premium...buying and selling it.
So, if you're willing to wrap up $xxxx in one thing, and if you are forced to sell for whatever reason, you have to sell ALL of that one thing vs. maybe only 5-6 of the 10 10 oz'ers you could've owned instead.
To each his own and I don't know if there's really a right answer. It's more of a preference thing. >>
What he said.
"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
If you want liquidity, go smaller like 5/10's.
Oh I might add:
I had a guy come in once with 12 of them when silver was over 45.00, Let me tell you I was glad to get that transaction over and done with , and payment. Shipped them to apmex at the time. heavy box and a bucnch of money tied up to make little percentage!
I'd MUCH rather have 20- 5ozers or 10- 10ozers than 1- 100ozer any day of the week and twice on sunday.
Too many positive BST transactions with too many members to list.
have (10) 10 oz. bars !!!
What's wrong with investing/saving $2K-$3K in one bar,coin,stock, car, etc?
These seem to be contradictory comments. But I agree with both, and is why I do not really "trust" metals. Are we to believe that the market is made up of people who cannot even afford to make a $2-3K investment?
Knowledge is the enemy of fear
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If I gave that impression I am sorry. They certainly are liquid, usually for right around for whatever Spot is at that given moment is what I was trying to say.
The lower the weight if the bar, the more premium one should realize. If you're looking to tie up/invest let's just say $2500, I'd rather it be in 10, 20 or even 100 things...than in one thing. There may come a time when I need quick cash. I would then to be forced to sell all of one thing vs. only what I actually need to.