Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Buying Junk Silver - What should I worry about?
>
Reply to Thread
Message:
<p>[QUOTE="Zuhara, post: 860161, member: 23099"]Interesting discussion. Apmex also lists $1 over spot as their buyback price for eagles and maples, at least for quantity (minimum $10,000), and you also have to deduct the cost of the shipping.</p><p> </p><p>So unless we are living near Cloudsweeper <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> I don't think we're doing too well on the spread. </p><p> </p><p>There are two ways to purchase bullion as I see it: one is to look for low premiums and hope to sell back for bullion price, the second is to try to find the tightest spread. I've been looking at the spreads, and some of the best (lowest) premium bullion coins--for instance, Austrian 100 Coronas -- also have the widest spreads.</p><p> </p><p>Currently, eagles and maples and such have the tightest spreads, and <b>appear</b> to be the best buy. But they also have higher premiums, and there is no guarantee IMO that when it comes time to sell that they will retain the premium. To be sure of this one would have to track the spreads over time--about a decade. Currently, for instance, Apmex is buying back Pamp Suisse 1 oz ingots for <b>under</b> the spot price. Nothing like a "secure store of value" is there? :rolling: </p><p> </p><p>No wonder people trade ETFs. Sorry GATA <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />.</p><p> </p><p><a href="http://www.apmex.com/APMEXTop40/Default.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.apmex.com/APMEXTop40/Default.aspx" rel="nofollow">http://www.apmex.com/APMEXTop40/Default.aspx</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Zuhara, post: 860161, member: 23099"]Interesting discussion. Apmex also lists $1 over spot as their buyback price for eagles and maples, at least for quantity (minimum $10,000), and you also have to deduct the cost of the shipping. So unless we are living near Cloudsweeper :) I don't think we're doing too well on the spread. There are two ways to purchase bullion as I see it: one is to look for low premiums and hope to sell back for bullion price, the second is to try to find the tightest spread. I've been looking at the spreads, and some of the best (lowest) premium bullion coins--for instance, Austrian 100 Coronas -- also have the widest spreads. Currently, eagles and maples and such have the tightest spreads, and [B]appear[/B] to be the best buy. But they also have higher premiums, and there is no guarantee IMO that when it comes time to sell that they will retain the premium. To be sure of this one would have to track the spreads over time--about a decade. Currently, for instance, Apmex is buying back Pamp Suisse 1 oz ingots for [B]under[/B] the spot price. Nothing like a "secure store of value" is there? :rolling: No wonder people trade ETFs. Sorry GATA :). [URL]http://www.apmex.com/APMEXTop40/Default.aspx[/URL][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Buying Junk Silver - What should I worry about?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...