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<p>[QUOTE="medoraman, post: 1733418, member: 26302"]Well I was figuring a premium when I sell of ASE's as well. </p><p><br /></p><p>My problem with bars is selling. If I walk up to you Mike with "a 100 ounce silver bar", are you just going to look at it and give me a big pile of money? What would you do? Would you consider yourself safe if you simply tested the surface for silver? Would you want a sg test? Even then, how do you know there is not pot metal inside? So, for that, you need to drill it, melt the shavings, test the shavings, etc. Maybe then you are satisfied, but after a ton of work. Now, what will you DO with this bar? It no longer really is wanted by other bullion buyers, (since there are a bunch of holes in it), so off to the smelter it goes, and any premium is now completely lost, (in fact its a deduct to market value at this point). On the buyer side, what if I take it to you, you drill it, etc, but you are just a tire kicker and offer a low price? WTF am I now supposed to do with a bar with holes in it that does not weigh what it assays for? </p><p><br /></p><p>Lets say you are a trusting soul and believe the bar. You buy it but do not drill it. Isn't it a pretty big risk you are taking if whomever you sell it to brings it back saying it was silver coated pot metal? </p><p><br /></p><p>I am just saying these are pretty real risks in my opinion, risks that are not eliminated but very much reduced by buying junk silver or ASE's, (or philharmonics, etc). That is why I prefer not buying bars.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1733418, member: 26302"]Well I was figuring a premium when I sell of ASE's as well. My problem with bars is selling. If I walk up to you Mike with "a 100 ounce silver bar", are you just going to look at it and give me a big pile of money? What would you do? Would you consider yourself safe if you simply tested the surface for silver? Would you want a sg test? Even then, how do you know there is not pot metal inside? So, for that, you need to drill it, melt the shavings, test the shavings, etc. Maybe then you are satisfied, but after a ton of work. Now, what will you DO with this bar? It no longer really is wanted by other bullion buyers, (since there are a bunch of holes in it), so off to the smelter it goes, and any premium is now completely lost, (in fact its a deduct to market value at this point). On the buyer side, what if I take it to you, you drill it, etc, but you are just a tire kicker and offer a low price? WTF am I now supposed to do with a bar with holes in it that does not weigh what it assays for? Lets say you are a trusting soul and believe the bar. You buy it but do not drill it. Isn't it a pretty big risk you are taking if whomever you sell it to brings it back saying it was silver coated pot metal? I am just saying these are pretty real risks in my opinion, risks that are not eliminated but very much reduced by buying junk silver or ASE's, (or philharmonics, etc). That is why I prefer not buying bars.[/QUOTE]
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