i have recently gone to a local pawnshop which is selling bars and eagles and i talked the guy down to 36 each eagle for a minimum of ten eagles. he has about 20 tubes . i was wondering if i should buy heavily considering the high premiums evrywhere else that i have gone. this price by the way was today so roughly 2 and a half bucks over bid spot.
Goldmart at $36.29 right now... so you're skipping shipping! http://www.goldmart.com/bullion-1/silver-bullion/american-silver-eagles-2012-prior.html
yes i guess its not bad...just have to wait for it to climb a few bucks to make profit :/ . i bought 20 today. i may grab more tomorrow. if anyone lives in mass i can tell you the place.
To be honest i really dont have the extra money but i figured why have it in paper money that keeps losing buying power ya know?
I'm in RI... so feel free to share your source... and whom I should mention to get this fantastic deal
My coin guy is at $3 over spot on any ASE he has in stock. He has the 1oz buffalo coins for $1 over and generic is at spot. The best deal is on the generic but I keep gravitating to the ASEs. His premiums get a bit out of whack when he has something odd like a 8oz puck or a bar. Then he wants about $5 per ounce over spot. I was in a different shop last week and that guy wanted $42.95 per 2012 ASE. Confirmed my thought that I have been getting a good deal at my regular shop.
Be careful with GoldMart. I just recently researched them for a purchase and they had one of the highest shipping charges out there. If I remember correctly, it was at least $30 per tube of ASE's. I would recommend ProvidentMetals or MintProducts before GoldMart.
It's $32 with using a Credit Card. It's $12 with check, MO or wire. GoldMart is the cheapest place I've seen online for pretty much any precious metals, has anyone had bad experiences?
If I were you, I would use caution, as you may or may not be thinking about, all bullion is speculative and it can just as easely go down in value as well as up. Beware If you don't have a lot of money that you can afford to invest. (IMHO).
I would be careful with this mentality. While I do completely agree with you fundamentally, if you need the money to pay for something and have to sell your metal you could end up losing on the buy/sell spread. I try to keep enough cash that I don't have to sell unless I want to. It is a good deal though. I have to pay $4.50 or $5 over spot at the coin shops in my area. I typically buy incrementally in case the price drops, that way I have cash on hand when I feel like I find a good deal or something I really want.
