152kgs of Silver Bars - NZD$135,000

Discussion in 'Silver' started by Silverman99, Jun 26, 2017.

  1. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Last edited: Jun 26, 2017
    Silverman99, Jun 26, 2017
    #1
    SilverSiren, Skyrocket, Greg Williams and 6 others like this.
  2. dross

    dross Active Member

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    Wow that's crazy, well for me anyway, got to wonder how legit it is shelling over that kind of money. Thanks for posting.
     
    dross, Jun 26, 2017
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  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    20% over spot.

    And wow success fee of 7.9% payable. Presume they already tried dealers.
     
    Ipv6Ready, Jun 26, 2017
    #3
  4. Altima

    Altima Well-Known Member Silver Stacker

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    I thought bulk selling would only get you so much over spot unless you're selling bulk vintage bars.
     
    Altima, Jun 26, 2017
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  5. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I would have thought there was zero market for vintage bars that size.
    Unless you run a dealership with a curio section even than would you need two?

    Plus I'd want to turn up with security lol. So much easier with paper
     
    Ipv6Ready, Jun 26, 2017
    #5
  6. swoydaz

    swoydaz Well-Known Member Silver Stacker

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    New Zealand dollars?
     
    swoydaz, Jun 26, 2017
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  7. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    That sure would make a lot of silver ferns!
     
    barneyrubble, Jun 26, 2017
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  8. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Silverman99, Jun 26, 2017
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  9. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Plus a number of Takus and turtles
     
    Silverman99, Jun 26, 2017
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  10. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    They're JM bars......BUZZ! :D
     
    bubblebobble2, Jun 27, 2017
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  11. boneyard

    boneyard Well-Known Member Silver Stacker

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    Thanks for the pics.
    A bit of a rip off as I can only count 150 kilos.................
    :cool:
     
    boneyard, Jun 27, 2017
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  12. Greg Williams

    Greg Williams Well-Known Member Silver Stacker

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    Wow! Definitely puts my 2 round fifty's & bent threepence to shame that's for sure.
     
    Greg Williams, Jun 27, 2017
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  13. A888L

    A888L Member Silver Stacker

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    I have seen bars of this dimension and weight used by manufacturers of electrical conductive equipment .
    Could be selling off their surplus stock .
    A most interesting post Silverman99
     
    A888L, Jun 27, 2017
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  14. Pirocco

    Pirocco Well-Known Member

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    The auction goes like this:

    "We Have been saving in silver for a long time and now our dream block of land has presented itself. Attractively priced and time for our silver to do it's job.
    Hallmarks and quantities as follows:

    CIMET. (Coleman Industrial Metals/ New Zealand Gold Merchants/ NZ Pure)
    5 X 5Kg.
    1 X 1Kg.
    NZ Pure.
    6 X 5Kg.
    6 X 1Kg.

    Johnson Matthey
    17 X 5Kg.
    AGR
    1 X 5Kg."

    ... so it doesn't read like a manufacturers surplus stock.

    A pity for them that that dream block of land didn't present itself in 2011.
    And a luck for the eventual buyer then. :p
     
    Pirocco, Jun 27, 2017
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  15. Topherclaus

    Topherclaus Active Member

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    I have heard Jim Willie claiming that as you get into larger figures that the premium increases. I'm sure I've heard him say that premiums go to 100% for multi million dollar transactions.

    He talks out his arse a lot I reckon.
     
    Topherclaus, Jun 28, 2017
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  16. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    That shows how suppressed silver is.
     
    Skyrocket, Jun 28, 2017
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  17. SilverSiren

    SilverSiren Active Member

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    That odd weight 5kg CIMET bar is amazing.
     
    SilverSiren, Aug 16, 2017
    #17
  18. Mbell

    Mbell New Member

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    Listen to all his stuff still even tho he repeats himself most of the time.
     
    Mbell, Sep 1, 2017
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