Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
TRYING TO "Play the GSR" -- HORRIBLE IDEA
>
Reply to Thread
Message:
<p>[QUOTE="hchcoin, post: 3042846, member: 94272"]Here is my purchase from this weekend from an online seller.</p><p><br /></p><p>[ATTACH=full]759727[/ATTACH]</p><p>This comes out to $14.63 an ounce with the discount. I also bought it with my credit card so I get cash back as well and brings it down to $14.48 an ounce on generic silver. I have no problem trading this for spot with the dealers I work with. Right now the Kitco bid is at $16.60 which means I am going to make about $2 on this deal. I can't find a deal this good on gold anywhere especially on the 1/10 ounce. If I could, I would just buy the 1/10 ounce gold right now.</p><p><br /></p><p>I work really hard to find great deals on silver where the premiums are not going to be an issue. The above example is not the norm. Normally, I can get silver deals on eBay or online from one of the big sellers and then take them to a show and actually don't lose on the premiums at all.</p><p><br /></p><p>The Saint Gaudens I have in my avatar was a trade a few weeks ago at a show. I traded silver for that gold coin and got a great deal. It was silver that I had accumulated over the past year or so when I could buy it on sale. I had a 10 ounce bar, a 5 ounce bar, a 5 ounce ATB, silver maple leafs, silver eagles, silver Britannia's, some 90%, Morgan dollars and even two 1 ounce Engelhard bars. They were all bought online when the premium was pretty much non-existent and on sale during the dips. I am guessing the average price was around $16 to $17 on the silver and I traded it when silver was around $16.70 an ounce. This keeps me interested in the hobby and I have fun searching for deals and I love trading at shows.</p><p><br /></p><p>Call me crazy but it works for me and it is fun.[/QUOTE]</p><p><br /></p>
[QUOTE="hchcoin, post: 3042846, member: 94272"]Here is my purchase from this weekend from an online seller. [ATTACH=full]759727[/ATTACH] This comes out to $14.63 an ounce with the discount. I also bought it with my credit card so I get cash back as well and brings it down to $14.48 an ounce on generic silver. I have no problem trading this for spot with the dealers I work with. Right now the Kitco bid is at $16.60 which means I am going to make about $2 on this deal. I can't find a deal this good on gold anywhere especially on the 1/10 ounce. If I could, I would just buy the 1/10 ounce gold right now. I work really hard to find great deals on silver where the premiums are not going to be an issue. The above example is not the norm. Normally, I can get silver deals on eBay or online from one of the big sellers and then take them to a show and actually don't lose on the premiums at all. The Saint Gaudens I have in my avatar was a trade a few weeks ago at a show. I traded silver for that gold coin and got a great deal. It was silver that I had accumulated over the past year or so when I could buy it on sale. I had a 10 ounce bar, a 5 ounce bar, a 5 ounce ATB, silver maple leafs, silver eagles, silver Britannia's, some 90%, Morgan dollars and even two 1 ounce Engelhard bars. They were all bought online when the premium was pretty much non-existent and on sale during the dips. I am guessing the average price was around $16 to $17 on the silver and I traded it when silver was around $16.70 an ounce. This keeps me interested in the hobby and I have fun searching for deals and I love trading at shows. Call me crazy but it works for me and it is fun.[/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
>
TRYING TO "Play the GSR" -- HORRIBLE IDEA
>
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...