to buy your bullion coins. It has a anual membership to buy bullion at dealer cost. Anyone with a positive experience? How much can you save per coin over an online company like Provident or JM Bullion or Liberty?
That is why the question of how much over spot. It might be worth the membership like buying at Costco Ex: If I plan to buy 100 ASE a year from an online company that charges $4 over spot and they charge $2 then I am willing to pay $200 or less for the membership.
Well, it looks like the "break even" is around 280 oz. of silver per year, that is assuming everything is on the level. My personal opinion, is I would stick to Provident. Things can go awry.... Mike
Before the dip, and even a few times since, Provident has sold ASE's for less than $2 over spot. Since the US Mint doesn't sell them to their authorized purchasers for melt, and definitely not under melt, then it would be impossible for the average difference to be as large as $2 per ounce. I would suspect the price difference on average, if any, between this service and Provident to be less than $0.50. Less if you only buy from Provident when they are having a sale. An average price difference of $0.50 would push the break even point to more than 1,000 ounces in a year. One thing that jumps out at me from the page, is the whole network marketing aspect of the company. It seems to me this company is more interested in selling memberships and "opportunities" than it is about selling precious metals. My advice: Run away...
I agree with the above. His idea of 'dealer price' likely is not what his company pays for it, but what is assumed some dealers pay for the inventory. I belong to Costco more for their return policies than for any other reason, so it is a non sequitur. Buy when appropriate for you from a major bullion dealer on whatever is the then current spread.
