60kg scrapped silver

Discussion in 'Australia & New Zealand (Public)' started by Beyond, Jun 10, 2020.

  1. Beyond

    Beyond Well-Known Member

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    but in china stock
     

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  2. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    It'll be fun shipping that much to Oz
     
  3. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    You can probably find a bunch of similar things on Ali express. A while back I was looking at maybe buying 100Kg of Intel Pentium Pro CPU's for gold recovery, there are some OK deals out there
     
  4. tongkat

    tongkat Active Member Silver Stacker

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    Interesting!
     
  5. Jason1

    Jason1 Well-Known Member

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    If you could figure out how to get it home to Aus, Likely be worth the seller sending all that straight to a refinery and pay them to refine down to pure bars.
    with 60kgs of scrap silver it would definitely be worth the refining costs and plenty of refineries offer that service.
     
  6. Silverbullet82

    Silverbullet82 Member

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    Didn't that 'Lucky' person want scratched, dinted, tarnished silver for close to spot?
     
  7. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Fly over to CHN with empty suitcase, use low-budget airlines of course, then fill it up to 35kg and fly back to Oz...much cheaper than asking posty to deliver it to you
     
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  8. Ryurazu

    Ryurazu Active Member

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    lol hope your just kidding about the flight they arent cheap at the moment. Plus you better hope its all genuine. 60KG is about maybe 250 dollars in shipping and thats without insurance? :(
     
  9. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    Plus our borders are closed to international entry aren't they?
     
  10. SouthCoastSilver

    SouthCoastSilver Active Member

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    Stock from China is coming in surprisingly quickly to Australia, I deal with plenty of suppliers who just drop ship stuff to China at work. I have imported my own stuff from China a few weeks ago and it was a 2 week wait. Breaking it up into three parcels @20kg each would be a very realistic way of getting it here reasonably
     
  11. Beyond

    Beyond Well-Known Member

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    I sold in China
    I also Have checked postage to Australia. Around 600$ for express
     
  12. President Trump

    President Trump Well-Known Member Silver Stacker

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    Would you have to pay Customs Duty and GST if you brought it in from China?
     
  13. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    Yes as it's not bullion
     
  14. Beyond

    Beyond Well-Known Member

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    never pay cos i never bought over 10kg from oversea

    but i always bought from oversea,even seller wrote value 1500$ but i never be charged tax,
    but i have to pay gst
    lucky right?


     
  15. Ryurazu

    Ryurazu Active Member

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    sort of you must go into immediate quarantine (both sides) and have a legitimate reason to leave to country or enter a country. Things may have changed im not following travel bans too closely.
     
  16. Jason1

    Jason1 Well-Known Member

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    wonder if you could get away with a lower value on customs declaration as to most it would look like rubbish lol
     
  17. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    You would need to be paying no more than 50% of spot to make the exercise worthwhile.
     
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  18. Sulty

    Sulty Active Member

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    Anything over 1K imported to Australia attracts a customs fee that starts at $90
    and not being investment grade silver, there would also be 10% GST to pay on the declared value.
    With that in mind, it would still have been worth it IMO.
     
  19. President Trump

    President Trump Well-Known Member Silver Stacker

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    I want to start a bit of refining there is a guy called Sreetips on Youtube that demonstrates the process. Quite a lot of chemicals involved. You need a good fume hood if you don't want to die. The refining costs make more sense if you have a look at his videos. It was a surprise to me that silver is more complex to refine than gold. I used to go to china twice a year. Guess I'll be there again in 6 to 12 months. I'd be happy to bring back 10kg if you get a deal like that again at the right price.
     
  20. tongkat

    tongkat Active Member Silver Stacker

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    Me too. Just need a dedicated space away from most other things.
     

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