This ^^^^ x100 I wish i could block some users. Every second post from a certain member just dribbling rubbish, perhaps nothing better to do. End rant.
That's not cool. IMO if you come on here to buy.You should offer the price asked or move on unless it says "offers considered" I personally hate bartering.
I have a minor observation. I felt it was more difficult to access bars last year. Thus the higher secondary market premiums. At the moment they appear easier to get through the mints. I was at the bullion window at the PM last week. They had the door behind the counter open where sales storage is kept. I sighted at least a 150 * 100 Oz bars plus a s.load of 1kg bars. Is availability of fabricated bars having an impact on secondary market demand at the moment? Trying to buy on the big dips last year in volume was difficult via the mint. Not so now. Just my 2c worth...
@BIGGRIN Last year the Perth Mint was upgrading their production line for 10oz bars and as such the premiums were pretty high for PM 10oz bars at the time. This was before and during the inauguration of SC and SS stacker bars. Now 10oz bars are common once again and all is saved.
I don't understand why people think they can offer below spot for bars, given that the seller could just walk into most dealers and get spot price ... on the spot. But then again I couldn't see myself paying spot for a silver tea spoon ... but in that case its because of either lower purity or lower liquidity than bars/coins.
saw somewhere perth mint bars have not been available. hi kawa,i started out buying 5kg then 1kg and then perth 1oz because the ingots are fair bland, nice to hold but boring to look at. the array of 1oz coins and bars from all over the world are great to look at and i am always on the prowl for nice lookers then i pop them in the safe and rarely even say hi. mmm ignore this post, seriously though, have you seen brotherjohnf youtube channel, he is big on semi numis and explains why
Usually bullion houses offer less than spot for silver and sell above spot. So like their buyback is -5% spot and selling for +10% spot. They buy/sell spread of dealers for silver is pretty high (10%-15%) compared to gold (about 5%). I've never understood why the buy/sell spread is so much higher for silver, but probably to do with more physical metal and higher storage costs perhaps, not sure really.
Will be receiving a 1kg AGM (Australian Gaul Metals) silver bar hopefully next week and it will be going straight up on here for sale!
Whats the general section got to do with buying or selling???? I wish some of you guys would think before you open your mouths. Did it ever occur to you that people are sitting on bars because they paid alot more?????
New members think collectable coins are easier to move and can make more $ on them as bars are always going around a little bit higher than spot.
