ABC 500g Minted Bar

Discussion in 'Silver' started by octapotamus, Nov 23, 2011.

  1. octapotamus

    octapotamus Member Silver Stacker

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    "The cost of the ABC 500g Minted Silver bar is the prevailing silver spot price, plus a modest $112 buying premium. Registered investors can invest by placing an order today. The ABC Bullion 500g minted bar represents an excellent addition to your premium precious metals portfolio."

    MODEST? $112 premium on a 500g bar??

    Am I mis-reading this or is that a $6.96 premium PER OUNCE for a BAR???

    People say Kooks at el are pricey because of their premiums, but this blows them away.

    This creeps me out, I mean who is paying that kind of money for a bar? The same money can get some super-nice coins with actual upside-premium potential and about a million times more liquidity..

    I think this might be a sign of imminent phase 3 - ABC clearly have way too many ill-informed customers to consider this type of product feasible. That and/or they're trying to take a leaf out of Pamp's book..

    Wow, I just ranted :rolleyes:
     
    octapotamus, Nov 23, 2011
    #1
  2. Teh silvers

    Teh silvers Member

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    For that premium I'd rather buy numismatics.
     
    Teh silvers, Nov 23, 2011
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  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Which ABC ,Melbourne or Sydney ?
     
    spannermonkey, Nov 23, 2011
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  4. Teh silvers

    Teh silvers Member

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    Teh silvers, Nov 23, 2011
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  5. goldpelican

    goldpelican Administrator Staff Member

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    goldpelican, Nov 23, 2011
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  6. Teh silvers

    Teh silvers Member

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    Oh I never new that.thanks
     
    Teh silvers, Nov 23, 2011
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  7. hiho

    hiho Active Member Silver Stacker

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    but its pwetty
     
    hiho, Nov 23, 2011
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  8. jnkmbx

    jnkmbx Well-Known Member

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    I think I saw one recently.
    Looks alright, but not large enough to consider :/
     
    jnkmbx, Nov 23, 2011
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  9. VRS

    VRS Well-Known Member Silver Stacker

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    Grrrrrr... Don't get me started again (!) ;)
     
    VRS, Nov 23, 2011
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  10. Matthew 26:14

    Matthew 26:14 New Member

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    Misread it first time, thinking it was a $112 premium on a 500oz bar and thought that was ok, but on the re-read, ahhh no thanks!
     
    Matthew 26:14, Nov 23, 2011
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