New to precious metal investing...what should i be paying

Discussion in 'Welcome New Members' started by PlatinumGirl, Jun 16, 2016.

  1. PlatinumGirl

    PlatinumGirl Member

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    Hi all im britney

    Just curious what i should be looking to pay for silver, im purchasing at city gold bullion at brisbane right now, paid $30 for my first few coins, my question is private sales, people seem to want high prices, what should i be paying for 10 ounce bars in todays market? and are 1/10 ounce gold coins worth buying? thanks :)
     
  2. Flyinfree

    Flyinfree Well-Known Member

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    You should walk away if someone tried to sell you over dealer's sell price.

    For you question, 10 oz bullion silver bars (not rare collectable one) would be price at around $240~260.

    1/10 oz Gold? I have no idea.......
     
  3. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Welcome to the forum, as a general guide private sales should be lower than bullion dealer prices
     
  4. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Occasionally you will run into delusional forum members trying to sell items at well above market price
     
  5. SilverDJ

    SilverDJ Well-Known Member

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    Cheapest main dealer 10oz bar seems to be about $265 or so right now.
     
  6. grediz

    grediz Active Member Silver Stacker

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    hi, 1/10 oz coin are worth buying, everyone has their own budget and amount they want to spend so it's just what suits you and your needs and what you want to spend, same when it comes to selling, different people buy different sizes, gold is gold, but its usually cheaper if you buy bigger coins, not as much premium 1oz compared to 1/10oz, usually 1/10oz are around $200-$250
     
  7. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    1/10 ounce gold coins would be at least $200.
     
  8. Flyinfree

    Flyinfree Well-Known Member

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    I am glad to hear that as I have been bought some 1/20 & 1/10 oz gold coins a few months ago.
     
  9. PlatinumGirl

    PlatinumGirl Member

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    thank you for the tips guys :)
     
  10. Mirrorman

    Mirrorman Member

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    Hello and welcome to the forum / community / stacking .. all fun. :)
     
  11. Boyscout

    Boyscout Well-Known Member Silver Stacker

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    Welcome
     
  12. GRETZKY427

    GRETZKY427 Active Member Silver Stacker

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    Welcome to SS :)

    Cheers, HAPPY STACKING :)
     
  13. black5wan

    black5wan Well-Known Member Silver Stacker

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    welcome :)
     

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