Why are Silver Stackers selling silver for more than dealers?
- Thread starter Belvedere
- Start date
But can you take delivery of it straight away?
shinymetal
Well-Known Member
What dealer is that? Do they have it in stock or is that pre order?
stackmans
Active Member
Yeah, I was wondering the same thing? I saw someone sold a generic perth mint 1oz AU bar for $3150 and I can get one from ainslie for $2700. Generic 1Kg silver is $835 in stock but people are getting $900 on the forum.
The dealer premium over spot is already extremely high and nowsecond hand market is over the dealer premium. What gives?
The dealer premium over spot is already extremely high and nowsecond hand market is over the dealer premium. What gives?
Supply and demand my friend..... are those dealers have stock? Most of them are just BS
This means ' thanks for your cash... I'll get back to you when I have the stock for you on the price cheaper than what you've paid for '
Huh? If you paid when you order (which you will have to) why are you asking what you pay when it arrives?
Maybe i should be a dealer... just put delivery delay 12 months
Bubble Bobbles Bullion Barn..now open for business
Taking orders now.... delivery delay is 12 months... full payment when submit order
That's just it, you don't know when it will arrive. I had a bullion company tell me that it could be a June arrival, 3 Months
.Someone recently wrote on here about a substantial order they placed in 2011. They paid their money and as they waited for their order to be fulfilled the order was then cancelled by the bullion company and the money was refunded. So locking in the price didn't work and they lost the window of opportunity. Having the items at hand and ready to go with reasonable postage charges is what everyone wants. There is no way I'm tying up my funds for 3 Months on the never never. And then if it ever did get fulfilled you might not be able to do pickup either due to COVID-19 restrictions. Then you could be forced to pay high postage and insurance charges that you normally wouldn't pay as well.
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Its the old saying a kilo in the hand is worth two with unknown eta
No takers? If not filled within 12 months of order, you'll get your money refunded....
I think that's a bit extreme!
During the last shortage in 2008, it took around 5 months before I could walk into a bullion dealer, plonk my cash down and walk out with a bar.
I auctioned some things last week. Buying price was decided by bidding Buyers not the Seller who opened bidding on all lots at $1.00 and left the buyers to decide the current market value. Might do the same again, better than setting a sell price and have people whinge about any premiums over spot.
OMG, I think I just advocated for a free and transparent market, hope none of my Comrades noticed!
OMG, I think I just advocated for a free and transparent market, hope none of my Comrades noticed!
Nearly... but you still referenced the fact that buyers benchmark using the irrelevant-but-always-used, phony-but-real-enough-to-be-controlled, detached-but-inherent-enough-to-reference-a-premium paper spot price.
