An Ozzie monster buy!

Discussion in 'General Precious Metals Discussion' started by Dusty, Aug 2, 2014.

  1. Dusty

    Dusty Active Member Silver Stacker

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    This question is probably more directed to dealers but what's THE cheapest way to buy BULK silver on a very large scale?

    I really only like to buy bulk and with many group buys occurring on this site is the a monetery value that opens things up for a SUPER deal?

    Thanks
     
    Dusty, Aug 2, 2014
    #1
  2. Pirocco

    Pirocco Well-Known Member

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    OMG!
    Dusty won the lottery!
    CONGRATULATIONS! :D
     
    Pirocco, Aug 2, 2014
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  3. Pirocco

    Pirocco Well-Known Member

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    Btw!
    I'm searching for a job!
    I'm good in writing checks!
    * HUMP HUMP :D
     
    Pirocco, Aug 2, 2014
    #3
  4. DanielM

    DanielM Active Member Silver Stacker

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    I think the best we could muster up would probably be the 500+ rates so not much difference unless your buying 50, 100 or200
     
    DanielM, Aug 2, 2014
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  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    How about a SilverStackers group buy to bump up the volume?
     
    SpacePete, Aug 2, 2014
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  6. goldpelican

    goldpelican Administrator Staff Member

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    Define bulk. Dealers regularly do >5,000oz sales to individuals at advertised price breaks.

    A genuine group buy with discounts should require an individual to take care of handling the money and distributing it to the members of the group buy. BUT. An issue with that model as of July 2014 is enhanced KYC requirements from AUSTRAC - "know your customer's customer" - so the supplying dealer would need to confirm with the person doing the group buy that no individual in the group buy is avoiding more than $5k worth, otherwise the dealer is facilitating KYC avoidance. Essentially the person handling the group buy is acting as an agent, and ID would need to be provided for all end buyers in the group buy that are taking over $5,000 worth.

    Otherwise, just wait for a smoking hot sale :D
     
    goldpelican, Aug 3, 2014
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  7. renovator

    renovator Well-Known Member

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    is Bigs still doing his $1.50 over spot deal for rounds ? thats a fair price . If i was in oz & buying i would be all over that like a fat kid on a donut
     
    renovator, Aug 3, 2014
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  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Dusty did say "BULK silver on a very large scale" so maybe go direct to a refiner?
     
    SpacePete, Aug 3, 2014
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  9. BiGs

    BiGs Active Member

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    I'll be releasing my website this month with 10oz minted bars (brand new) at $1 over spot per oz for any quantity. There will be a limited deal on rounds too probably.
     
    BiGs, Aug 3, 2014
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  10. Dusty

    Dusty Active Member Silver Stacker

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    I like to buy either 5k 10k or 20k so your deal sounds very good to me.

    The ease of Perth mint and the quality of there products make it easy for me and of coarse Aurora Et Luna have won my trust.
     
    Dusty, Aug 3, 2014
    #10
  11. moo

    moo Member

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    Do we have an eta on the site yet? Will SS get a heads up in advance. That way I can 'budget' :)
     
    moo, Aug 3, 2014
    #11
  12. alexisio

    alexisio New Member Silver Stacker

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    This sounds like a good idea
     
    alexisio, Aug 4, 2014
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