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 Silver Coins, Gold, and other Bullion Metals
 Silver Shot a good investment?
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fhbob
Penny Sorter Member


USA
39 Posts

Posted - 08/17/2008 :  15:04:58  Show Profile  Send fhbob an AOL message Send fhbob a Private Message  Reply with Quote
It seems like the best deal currently available on apmex for silver is one kilo of silver "bb's" .999 fine for .49 cents per ounce over spot. You can get batter deals for a bigger quantity but for my money that seems to be the best. But my question is, besides ebay, how would one go about selling it when silver goes back up?

Bobby Deese

Kurr
Penny Hoarding Member



576 Posts

Posted - 08/17/2008 :  15:31:38  Show Profile Send Kurr a Private Message  Reply with Quote
melt, pour and stamp it? Give it to tmaring to make coins out of it? YOU know the purity, but how could another buyer from you know in shot form unless in a sealed, marked bag? Then, my guess id its .999 fine and would sell for market value at the time

Always willing to trade copper for pm's

A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears

My Ebay items: http://tinyurl.com/5pqkho
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fhbob
Penny Sorter Member



USA
39 Posts

Posted - 08/17/2008 :  16:26:12  Show Profile  Send fhbob an AOL message Send fhbob a Private Message  Reply with Quote
There in lies the problem, I would want to break it down to sell in smaller amounts so it would be hard to prove it was .999 silver. And sending it somewhere to get made into bars or coins would greatly diminish any profit.

Bobby Deese
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Delawhere Jack
Penny Hoarding Member



USA
515 Posts

Posted - 08/17/2008 :  17:36:39  Show Profile Send Delawhere Jack a Private Message  Reply with Quote
Or keep it on hand for dental fillings after TSHTF

"Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed."

Ayn Rand, from Atlas Shrugged
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fhbob
Penny Sorter Member



USA
39 Posts

Posted - 08/17/2008 :  18:14:44  Show Profile  Send fhbob an AOL message Send fhbob a Private Message  Reply with Quote
What is the melting point for silver anyway? I know smelting and such would be difficult for an amatuer regardless of the metal type, but is silver one of the "easier" metals to melt and make into bars?

Bobby Deese
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Nickelless
1000+ Penny Miser Member



USA
1340 Posts

Posted - 08/18/2008 :  06:03:46  Show Profile Send Nickelless a Private Message  Reply with Quote
The melting point for silver is 1763.20°F. Don't try this in your kitchen.

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com
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NotABigDeal
1000+ Penny Miser Member



USA
1848 Posts

Posted - 08/18/2008 :  06:23:32  Show Profile Send NotABigDeal a Private Message  Reply with Quote
quote:
Originally posted by Nickelless

The melting point for silver is 1763.20°F. Don't try this in your kitchen.


That's what I was thinking. A little to hot for your Bic as well....

Deal

I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
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