I'm sure this has been asked here before, but when it comes time to sell, where can this be done? Is a mint the best place, or are there establishments/businesses that will buy silver bars from the public? It's a noob question, I know.
Here (http://forums.silverstackers.com/forum-33-australia-new-zealand-public.html), priced right you can move any amount. Want less $$ for your silver? Try the dealers or the mint. Steve (AEL) has/had? a buy back floor a while back... dunno if still going, but it was good.
That would work. Though they won't give the best prices. There is an active sales thread on this forum which you can use. You can also build up a network of traders via this forum, not all the trades between members even make it up onto the threads, a lot of deals are done between members who met on the forums and traded in the past. EBay is another good place, the fees are high but people tend to pay more anyway.
Good Q, IMO you should get handy with trading as its a vital component in the physical silver strategy, hopefully you are already an accomplished trader - if not... it will pay to buy and sell a few times to build up your experience beofre the time comes when you plan to liquidate the entieity of your stack. Starting in the SS buy/sell thread is a great way to build confidence, maybe obserse for a little then get into it.. the more you trade the more your confidence and knowledge will increase, this will serve you well in the future as its all about getting the best price possible and buying for as low as possible. 1for1
Thanks for the advice everyone. I found a bullion dealer in the city, but they offered me abismal prices just as you all said they would. Cheers.
Problem is people will be looking to sell when everyone here is calling a top. You'll need to target an uneducated, unintelligent investor, probably one who just lost everything in Real Estate. Only one of those would buy all your bullion after it's appreciated. You will want to be getting into another asset class that everyone now hates/shuns.. probably real estate at that point, or stocks
When i started buying, silver was around $30 - $35... so to me, anything under that is a buy point. But to many people on this forum, they think it will go to triple digits, so to them, anything under $100 is a buy point. So just because some people are calling a top doesn't mean you won't find buyers on this forum. I have met a few people on here at meet ups and silver always passes hands, and i think that's a good way to build up confidence for new people with selling because it's done in person, plus you make friends I have also had dealings through the buy and sell part of the forum and found everyone i dealt with to be honorable. But in saying that, i only dealt with "active" members who contribute to posting and want to be a part of this community. Mark P.S. i have been away for a while so hopefully people will remember me. Not in Brisbane anymore... moved to Dubbo (don't ask why lol )
I've spent the last couple of weeks in Dubbo for work...... I seriously offer my condolences as well !
