Newbie: Where to sell my Silver bullion?

Hey guys,

New to the site, and to stacking. This has probably been posted before, however I was just wondering if you could answer a few questions.

I've been investing in physical silver, I currently have 320/oz of Silver bullion from the Perth Mint Australia, 20 x 1/10oz Silver Kookaburra's and several other assorted coins.

1. Where would I sell these online, or in person, when the time arises?

2. How will I know when the right time comes? I've seen many different videos claiming that silver could go anywhere from 100/oz to 400/oz or even 1000/oz or 4000/oz?

Thanks for taking the time to answer these questions, that you probably get all the time.

Cheeers in advance.

 

I should mention too I guess the bullion is 32 x 10/oz bars.

 

Hi & Welcome to SS Forum

You can sell yours item follows the link... if you are in Australia, but you must built your credential in the forum first.

Hope this help


http://forums.silverstackers.com/forum-33-australia-new-zealand-public.html

 

Where are you locate?

 

I'm in New South Wales, close to Sydney

 

You can also sell it back to the dealers.


http://forums.silverstackers.com/forum-46-gold-stackers.html

 

You will never know the 'right' time to sell but you can normally have a good guess when it is close.
Once you experience some of the following events then you would be best exiting.

Your friends start talking about silver. This is not the time yet but it indicates that they are the last buyers. Once your average Joe Muggins is in the game then there are no more buyers.
Your investment manager suggests buying silver. The time is very, very close. My friend was advised to buy silver bullion when it was at $1500 a kilo. She bought 2 bars. ( that is like 18- 20,000 dollars in todays money)
You notice a definite sharp rise in price over a short period of time just like 1980. The blow-off will be fast and you must be in position to off load quickly.

There are many more scenarios fellow silver stackers can add to this list so keep them in mind.

 

Hey guys. I'm also new to the silver stacking game. The whole community thing and the idea of stacking is fascinating to me, almost addicting. I recently made my first YouTube video so please check it out and subscribe. Once I get home from out of town I will be sharing my stack. Thanks in advance.

https://youtu.be/T5YjJGRxzf4

 

Hi, i have only been collecting silver since beginning of this year, i have quite a few 1OZ XAG Intrinsic value cast bars, i recently came across one that has no stamp on it, it was purchased through my regular supplier who purchases from a reputable dealer. Has anyone seen one of these bars without a stamp on it, it appears identical in weight, shape, markings eg from being cast including the rough edge they all have. I have a pic and short video of the bar alongside one with stamp on it, but being 1st timer on here it appears i can't post them yet.

 

Just received an email from Perth Bullion regarding this blank XAG 1 OZ bar, apparently a minting error and rare but not unknown

Thank you for your email and I do apologise for the late reply.

Very rarely we will see a round or bar which has not been stamped on one side. This is a minting error but can be quite sort after due to there rarity.
Are you happy to keep this item?

Thank you.

 

So you got an Arrow bar, impressive.

You better keep it. ) )

 

You will have to do your research when you decide it is time to sell. Here's a list of online dealers you can checkout at the time. It may be a year or 2 old but it is still a good starting point. They are listed in order of web traffic and have their Better Business Bureau rating listed.
http://www.choosingsilver.com/silver-bullion-dealers.html