Just a heads up to all, this is a great deal, I wish I had the money to take advantage of it, but silver at spot is news. 100 ounces is a bit intimidating to me though, wish I could afford it. Figure I would pass this along though. https://www.apmex.com/product/69643/100-oz-silver-bar-secondary-market?trk_msg=MG6OOKJ57H74BD2VF07MV89QNC&trk_contact=JJRD9H42VCH1A0V2QT3J6GV568&trk_sid=7IQMPRTQ2PC81P9I7QP9VV10K4&he=86FA89C7F3A6F707379C82675109691D143B9F3B8BC68591D133F19EBD88ADF7&utm_source=listrak&utm_medium=email&utm_term=ACT NOW - Secondary Market 100 oz Silver Bars&utm_campaign=09142017-product69643-All&utm_content=1
How many people on this forum actually own 100 oz silver bars? It's near the bottom of the list of types of bullion I would ever own.
I don't own one yet but there are a couple choice pieces I would pick up IF I had the means. Does this mean the market in precious medals is about to dip hard? Possibly....
Make a cool doorstop... Like at Los Alamos when the folks building the bomb had a big hunk of uranium holding a lab door open until the physicists spotted it and warned them that that was probably not a good idea.
I have never bought anything larger than 5, and all but one of those are 5 oz ATB Silver Burger Hockey Pucks.
It means they likely acquired a lot of inventory when the market was lower and they can move a lot of it right now by marketing it as 'at spot'. Cheap relative to the current spot price, but profitable to them if it was purchases earlier this year. These guys don't really care about what it does after they sell it. They are a business and are after the easy and quick cash flow opportunity.
I almost bought a 5000 gram bar last year, but it wasn't secondary market and it was a bar I picked and liked, to me that's worth an extra .50 cents per ounce. I don't have any 100 ounce bars, I have one 1000 gram bar and 6 500 gram bars...I have my eye on two different 25 ounce bars right now but I'm waiting to see if silver will go under $17.