5kg silver too illiquid?

Discussion in 'Silver' started by round50, Jun 4, 2013.

  1. round50

    round50 Member

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    I have found a well priced 5kg bar for sale. Would it be too hard to move it on in the future?

    I'm considering it as its selling for under spot....
     
    round50, Jun 4, 2013
    #1
  2. tolly_67

    tolly_67 Well-Known Member

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    It will only be hard to move if you do your back in carrying it around all the time showing all your friends.
     
    tolly_67, Jun 4, 2013
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  3. Fat Freddy

    Fat Freddy New Member

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    A 5kg bar won't be anywhere near as easy to move as a pile of 10oz bars. Potential buyers and sales opportunities will both be far fewer in number.
     
    Fat Freddy, Jun 4, 2013
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  4. House

    House Well-Known Member Silver Stacker

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    It may be slightly more illiquid as not many have or are willing to spend ~$4k on silver in one go but I've seen 5kg bars move very quickly on here once they're priced below spot.

    I bought one mainly for sh1ts and giggles but also made it the core part of my stack that I won't be selling for a long time. By then, it should be easy to shift for under spot if needs be. In staying that, I'd still go for smaller bars unless it's significantly under spot.
     
    House, Jun 4, 2013
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  5. mike titanic

    mike titanic New Member

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    My limit has been 1 kg bars.If silver goes up say $20/oz you can expect to be able to sell around spot so you would make a few $.Most buyers dont have the cash to buy 5 kgs at one time.
     
    mike titanic, Jun 4, 2013
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  6. goldpelican

    goldpelican Administrator Staff Member

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    5kg under spot = BUY

    I've just sold a number of ~32kg (1000oz) bars at several percent over spot through this forum. Not everyone brags about their purchases - plenty of half tonne investors out there that keep quiet.

    If you were in Melbourne I would buy it at spot off you today.
     
    goldpelican, Jun 4, 2013
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  7. Bit Baron

    Bit Baron Member

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    How do people move around 1000oz of silver?

    Even moving it onto a trolley would be a challenge for some people.
     
    Bit Baron, Jun 4, 2013
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  8. DanielM

    DanielM Active Member Silver Stacker

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    Well it's only 32kg and I'm sure someone who will buy it whould have thought about it alot
     
    DanielM, Jun 4, 2013
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  9. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    That's why they come on pallets
     
    Caput Lupinum, Jun 4, 2013
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  10. goldpelican

    goldpelican Administrator Staff Member

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    With care.
     
    goldpelican, Jun 5, 2013
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  11. renovator

    renovator Well-Known Member

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    ^^^^ lol & with a good grip & both hands
     
    renovator, Jun 5, 2013
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  12. round50

    round50 Member

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    Ok guys and gals. I'm going to stop ahming... And ahhing over it. If I buy it my gf will kill me.

    So here is the add for the 5kg bar. The owner said its still available.

    http://m.gumtree.com.au/v?adId=1020571246
     
    round50, Jun 5, 2013
    #12
  13. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Send staff and self to gym for workouts before stocktake time.
     
    Eureka Moments, Jun 5, 2013
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  14. bloomst

    bloomst Well-Known Member Silver Stacker

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    Peptide does wonder.

    On a serious note, if it housed in a good size box, it's reasonably easy to carry, with the right motivation. You can ask my wife...:D
     
    bloomst, Jun 5, 2013
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  15. Kawa

    Kawa New Member

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    I just got my first 100 oz bar delivered today and have decided that big bars are the new black.
     
    Kawa, Jun 5, 2013
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