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Kurr
Penny Hoarding Member
590 Posts |
 Posted - 10/04/2008 : 13:32:56
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Today I stopped at a dealer and he offered me 10oz APMEX bars for $120. I came home and checked and silver bars seem to be $20 an oz minimum. I got my money and got there minutes after he closed.
Should I go back as soon as he opens monday and buy all I can for a quick turnaround or is this price more of a hold and see right now?
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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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natsb88
Penny Hoarding Member
USA
501 Posts |
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Copper Catcher
Moderator
USA
595 Posts |
Posted - 10/04/2008 : 18:28:54
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| Kurr yes... you should get it! I'd pay $130 for it! :-) |
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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TenBears
Penny Hoarding Member
873 Posts |
Posted - 10/04/2008 : 18:31:45
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quote:
Originally posted by Kurr
Today I stopped at a dealer and he offered me 10oz APMEX bars for $120. I came home and checked and silver bars seem to be $20 an oz minimum. I got my money and got there minutes after he closed.
Should I go back as soon as he opens monday and buy all I can for a quick turnaround or is this price more of a hold and see right now?
That's a good price, and not much above spot. Go do it. My usual dealer is now all out of junk and bullion. Looks like I won't see a good price on silver for a while (until my source can restock). |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Ardent Listener
Administrator
USA
2633 Posts |
Posted - 10/04/2008 : 18:35:24
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My dealer told me he would have to charge $2.50 per ounce over spot for any ordered bar. (A couple of days wait.) But if someone came in and sold to him he would work on a fifty cent per ounce buy/sell spread or in other words a dollar per ounce profit. It appears to me your dealer is selling a bar that someone recently sold him. So I would say that if you are buying silver that is a dam good price right now. BTW, who is he and is he close to Erie? |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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HoardCopperByTheTon
Administrator
USA
3614 Posts |
Posted - 10/04/2008 : 18:35:53
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Yes, you should go back and buy enough for everybody here, and then buy just as much for yourself to wait and see.
Why can't I get deals like this?
Question: Why did you go to the coin dealer the first time without your money? Were you window shopping, or did you just want to remove temptation?  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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Ardent Listener
Administrator
USA
2633 Posts |
Posted - 10/04/2008 : 18:41:39
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quote:
Originally posted by HoardCopperByTheTon
Yes, you should go back and buy enough for everybody here, and then buy just as much for yourself to wait and see.
Why can't I get deals like this?
Question: Why did you go to the coin dealer the first time without your money? Were you window shopping, or did you just want to remove temptation?
Same story for me today. The wife and I were coming home from the zoo when I stopped in to talk to my dealer. I had maybe $50 in my wallet. Metal dealers just attract us like flies to sh!t. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
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Kurr
Penny Hoarding Member
590 Posts |
Posted - 10/04/2008 : 18:52:59
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LOL, I was coming from my first penny run in a bit. picked up $250 in sealed boxes, $50 were mixed, looks like the other $200 is uncirced, one sealed box marked "Eept 26 2008 Alice", I figured since I put that first item up on the bay, I might try a box of new zincs to see how they go.
I didn't know how many I had new at the time and I am new to the PM market and running tight. I blinked. Hesitated. The fear got me. Now I know better and have one more experience where I know what the right thing was, and what I did wrong. Not checking the markets, physical and "spot" before I left home was the worst. This is a interesting time to be trying to teach yourself or learn about these things.
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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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Kurr
Penny Hoarding Member
590 Posts |
Posted - 10/06/2008 : 10:48:54
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Update on these bars, I was in the shop Sat. at about 12-12:30. got back at 2:00 closing time door was locked. I went back this morning and me and another gentleman had a lively discussion waiton for the shop to open. And the bars? SOLD OUT. Sold out on 90% too. Must of had 15-20 10 oz bars, one guy bought em all in one pop.
I called around today in about a 50-100 mile radius and no one has any bullion at all, all sold out. Actively EAGERLY wanting to buy. One said he had 90% @ 12.5. |
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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kavajava
Penny Collector Member
USA
489 Posts |
Posted - 10/06/2008 : 12:40:50
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| just read your post--as you figured that was a screaming good deal--one that most of us would have loved to get--as someone above wrote...why don't these good deals ever happen to me? best wishes for next time... |
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harbinger
Penny Sorter Member
United Kingdom
35 Posts |
Posted - 10/06/2008 : 15:46:49
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| Well i'm in the u.k. and i've been buying 10oz bars on ebay for between $160-$180 and I STILL think its cheap as i can sell them on ebay over here for between £120-£149 do the maths.....Get as many as you can |
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10 oz Silver bars
