Bona fides

Discussion in 'Australia & New Zealand (Public)' started by grumpy, Aug 10, 2020.

  1. grumpy

    grumpy Member Silver Stacker

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    I am offering Monster Boxes of PAMP silver at spot price. Anyone wishing to purchase can do so in person or contact me to satisfy themselves as to my bona-fides. I have been operating a business in Perth for over fifty years, I have a well-established profile which is available for all to see on the web.

    As a trustee for the superannuation fund selling this silver, I require either payment prior to dispatch, or an enforceable & accountable document giving me legal recourse in the event of the purchaser reneging on any agreement, particularly the agreement to ship at buyer’s risk.
     
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  2. Boyscout

    Boyscout Well-Known Member Silver Stacker

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    Only if you were in NSW for F2F i would take me my fill:(
     
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  3. grumpy

    grumpy Member Silver Stacker

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    The tyranny of distance. Is it the security risk of trusting the seller or the risks/costs of transport that preclude you from making a purchase?

    Cheers

    Mike
     
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  4. Boyscout

    Boyscout Well-Known Member Silver Stacker

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    As i think most on here could agree i am not one to shy away from doing trades of decent dollar value.

    But to do a trade for close to $20K with a seller with no trade feedback on silverstackers and one that i have not traded with, who is located on the other side of the country presents risks and i have to look at the risk to reward ratio. Yes these are very well priced but there are risks on my end that i am not willing to take for the level of reward

    I would however have jumped on it as a F2F transaction, meeting at a secure location where items could be tested

    Dont get me wrong, I am not saying that there is anything untoward about the offer and hence why i would have been happy for a F2F trade. I have not even considered the transport costs into the equation as i didnt get that far in my thought process

    Good luck with the sale, on a side note. How many PAMP boxes are we talking about?
     
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  5. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Vouch boyscout, especially when he knows there's bargain to snap-up! :p

    He probably cashed-out all his super for metals...

    He'll probably call-in for Brambles to go with him on this deal.
     
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  6. grumpy

    grumpy Member Silver Stacker

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    "How many PAMP boxes are we talking about"

    I don't understand why that question is relevant.
     
  7. grumpy

    grumpy Member Silver Stacker

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    "He probably cashed out all his super for metals"

    What is that meant to imply?

    "He'll probably call-in for Brambles to go with him on this deal."

    Once again. I'm sorry, what do you mean?
     
  8. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    Please do not make unnecessary comments in other peoples trading threads!
     
  9. Jason1

    Jason1 Well-Known Member

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    Hi mate, have you talked to bullion now? They often pay spot price.
    If you have no luck might be worth asking them, they are a reputable dealer so you woukd have no risk
     
  10. grumpy

    grumpy Member Silver Stacker

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    My overall experience of Internet forums is not great, which is why I don't post unless I have a good reason.
    I have monitored this site almost daily for nearly a decade and I know some of the members are are adults and business people - those are my target audience.
    I understand a reluctance to deal with someone one doesn't know and I am fine with that.
    There are mechanisms available to check out the bona-fides of a business and the reputation, reliability and creditworthiness of an individual.
    My offer to sell silver bullion was predicated on the assumption that a prospective purchaser would perform due diligence and request further information.
    Irrelevant comments and snipes are not helpful.
     
  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    If we had an idea of how much metal you're selling, I could gather the funds and make a road trip to Perth and back. PM me if you like.
     
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  12. grumpy

    grumpy Member Silver Stacker

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    How do I send PM?
    Initially I had decided to release 75kg but if you want more that's fine.
    How much do you require?
     
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  13. Boyscout

    Boyscout Well-Known Member Silver Stacker

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    The question of how many PAMP boxes was to work out if it worth my time and effort to engage a third party that i trust in Perth to take collection on my behalf.
    Sammy, All yours mate
     
  14. grumpy

    grumpy Member Silver Stacker

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    Thank you for that :)
     
  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    5 boxes or 75kg is pricey for me. However, I could fly to Perth and come back on the train with the metal if I can get a commitment for 4 or more of the boxes. Cost would be about $3,000 in fares or $40 a kilo or $600 box on top of spot, plus my time at $10 kilo. It's starting to get bigger than Ben Hur but only way to do F2F.
     
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  16. grumpy

    grumpy Member Silver Stacker

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    No worries. Whatever works for you.

    Mike
     
  17. grumpy

    grumpy Member Silver Stacker

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    You'd be better off with a trusted friend in Perth. Remember we are hard-closed borders.
     
  18. Drdoz

    Drdoz Member

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    Certainly wish I could get in on the action but located in Sydney :(
     
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  19. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yes, hadn't thought about the hard borders. I'm out!
     
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  20. grumpy

    grumpy Member Silver Stacker

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    Yes, one does need to think things through.
     

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