Author Topic: Bullion: When to Buy, When to Sell, & What to Buy  (Read 9886 times)

Offline smee123

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Re: Re: Best savings account?
« Reply #20 on: May 19, 2013, 03:53:00 PM »
+1
I couldn't agree more. With Silver down another 43 cents on Friday & now at $22.21. I believe it could go lower but I did manage to catch a nice amount at $22.13. So hopefully I will win nicely. Good thinking.
How do you buy silver?

Offline Kvending

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Re: Re: Best savings account?
« Reply #21 on: May 19, 2013, 04:08:38 PM »
You don't think it will go down further ?

I do, but I don't believe much, so just in case it doesn't go down anymore. I grabbed a nice amount. & if it does go down more (which I hope it does) I will buy a lot more & then the goal is to wait till the winter & when I believe it will go up to $35+. So in reality every 100 ounces I buy I make $100 every dollar it goes up, so if it goes to $35+ iy"h as I'm predicting I will make money either way, some of the silver I will make more on vs. others depending on what price I buy it at.

How do you buy silver?

I have a guy in the City that sells me Gold & Silver (really all precious medals) at spot price b"h.

 

Offline Shreknit

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Re: Re: Best savings account?
« Reply #22 on: May 19, 2013, 04:13:25 PM »


Can you share his info

Offline Shmulyg

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Re: Re: Best savings account?
« Reply #23 on: May 19, 2013, 07:40:27 PM »
You can buy silver through ETFs as well. But we're a little off topic... :)

Offline Yeki89

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #24 on: May 19, 2013, 09:28:01 PM »
... so it hit $20.85 today...

Offline Yeki89

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Re: Re: Best savings account?
« Reply #25 on: May 19, 2013, 09:29:09 PM »

Can you share his info
Very trustworthy site, although slightly more then many other sites
Shipping is flat rate, no hidden fees, no "handling fees"

http://www.apmex.com/

Offline smee123

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #26 on: May 19, 2013, 09:48:03 PM »
And how would you sell?

Offline far rockaway

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #27 on: May 19, 2013, 10:18:42 PM »
Just curios why would you buy silver as opposed to investing in commodities. Isn't it easier to sell?

Online CountValentine

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Re: Re: Best savings account?
« Reply #28 on: May 19, 2013, 11:01:09 PM »
I have a guy in the City that sells me Gold & Silver (really all precious medals) at spot price b"h.
...but is it real?  :)
Only on DDF does 24/6 mean 24/5/half/half

Offline Kvending

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Re: Re: Best savings account?
« Reply #29 on: May 19, 2013, 11:04:44 PM »
...but is it real?  :)

I'm not sure what you mean by real. I do buy actual (or should I say physical) silver & gold from him a lot. But I also sell to him as well.


Offline Yeki89

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Re: Re: Best savings account?
« Reply #30 on: May 19, 2013, 11:09:16 PM »
I'm not sure what you mean by real. I do buy actual (or should I say physical) silver & gold from him a lot. But I also sell to him as well.
he was refering to silver vs iron.

Offline Kvending

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Re: Re: Best savings account?
« Reply #31 on: May 19, 2013, 11:13:50 PM »
he was refering to silver vs iron.

It;s real silver, I know for a fact. Plus a lot of people buy by him & he has a good name in the business & seems to be a very honest man, as far as I can tell.

But hey there are great places out there as well,that you can/should go to if you trust the place/person your dealing with.

Offline Yeki89

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #32 on: May 19, 2013, 11:21:59 PM »

Offline Kvending

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #33 on: May 19, 2013, 11:42:49 PM »
same place, or here

I personally never sold any precious metals on ebay for a couple of reasons. First I haven't done enough research to see if they charge their regular fees, which is close to 15% usually. Which means even though you might see there a 100 ounce silver brick for lets say $200 over spot price getting sold. & Let's say the amount is $2,500 which mean spot price is $2,300 but then if you subtract the 15% that ebay fees take, it should equal some where around $375. Which leaves you with $2,125. So thats a loss of $175 off spot for 100 ounces. Now just understand that I was doing it all with ruff numbers, but just to give you an idea of what you should look out for & consider if you want to take that route.

My guy usually charges me about $0.75 per ounce when I sell him silver (depending on how much I'm selling him, the more I sell him the lower the fee), which for arguments sake we can use the same price that we used before of $2,300 for 100 ounces ($23/ounce). So my guy would charge me $75. Which means I would get $2,225. In this case if all the math above is correct then I would save $100 for using my guy over ebay, & plus what I look at is the effort to list it, & shipping it. I don't know how it all works. But right that avenue is not worth it for me.


Offline Yeki89

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #34 on: May 19, 2013, 11:49:28 PM »
Here is the most accurate eBay calc
With a basic store subscription, as well as top rated seller discount, your fees will be $140.
Ship in flat rate priority mailer for $5.
I think this way is alot better.

Offline Kvending

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #35 on: May 19, 2013, 11:59:36 PM »
Here is the most accurate eBay calc
With a basic store subscription, as well as top rated seller discount, your fees will be $140.
Ship in flat rate priority mailer for $5.
I think this way is alot better.

I think you can definitely be right, depending on the price that you sell it at.


Offline Yeki89

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #36 on: May 20, 2013, 12:11:52 AM »
Thank you.

Offline Kvending

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #37 on: May 20, 2013, 08:04:57 AM »
... so it hit $20.85 today...

Where do you see that?


Offline Name Changed

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #38 on: May 20, 2013, 08:40:00 AM »
Selling on eBay you could sell over spot.


Offline Kvending

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Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #39 on: May 20, 2013, 08:43:54 AM »
Selling on eBay you could sell over spot.

100%. If you read what I wrote a couple of posts before you would see that I said just that but was worried regarding the ebay fees.