Buy a contract on COMEX as 'Silver Stackers' and stand for delivery?

Discussion in 'Silver' started by Ag, May 12, 2011.

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  1. Ag

    Ag Well-Known Member Silver Stacker

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    Right,heres something to get the juices going:)

    Not sure if this has been done before but going to put it out there...

    WHO WANTS TO JOIN IN AND BUY A COMEX CONTRACT AND STAND FOR DELIVERY?

    As stackers we've all take a 'hit' lately...so I'm thinking if if I can get physical (don't care the shape ,size,etc) at the approx current $32 AUS spot I would be pretty happy :) or accept a heafty fiat compensation...

    Sold some Tigers this week for massive percentage premiums over spot yet was still told they were 'cheap'...what percentage over spot is still considered cheap?

    So who want's in? There's 5000 oz up for grab :) Stake your claim :)

    I'll take the first 500oz...
     
    Ag, May 12, 2011
    #1
  2. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    Factor in the margins for double what they currently are :p or were you thinking a 100% cash from the start position?
     
    Smoothcriminal, May 12, 2011
    #2
  3. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Buy a Contract on the Comex and take delivery !

    Great idea,

    Mark me down for 3 oz !!!

    :)
     
    THUCYDIDES79, May 12, 2011
    #3
  4. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    I like the 100 no risk way....

    I'd be up for 250oz just for the experience, if someone else is running it.
     
    Captain Kookaburra, May 12, 2011
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  5. Ag

    Ag Well-Known Member Silver Stacker

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    @ Smoothcriminal NO I'M THINKING 100% BACKED! As Stackers don't buy on margin:) We BUY 100% money on the barrell!

    @ the above 'takers' thanks for some support....so where looking already at 253 oz 'sold' ...
     
    Ag, May 12, 2011
    #5
  6. stellaconcepts

    stellaconcepts New Member

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    i like the idea - something i could even support on the YT channel... but how would we "split" it? Or shall you all just pay me the cash and I keep it at my place :) IM HAPPY WITH THAT! :)
     
    stellaconcepts, May 12, 2011
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  7. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    Anyone know what the silver is when you take ownership? any specific type of bar or is it whatever they can dig up? might be hard giving thucy his 3 Oz if it comes in 100 Oz bars (always the blowtorch option ;) )
     
    Smoothcriminal, May 12, 2011
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  8. jnkmbx

    jnkmbx Well-Known Member

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    There was a thread like this some time ago if my memory is working right @_@

    "Nostalgia isn't what it used to be"
     
    jnkmbx, May 12, 2011
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  9. Ernster

    Ernster New Member

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    No thanks. Unless yous all send me your money and I'll take care of the 5000oz:)
     
    Ernster, May 12, 2011
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  10. Ag

    Ag Well-Known Member Silver Stacker

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    @ Smoothcriminal - Ok details are to be worked out...any suggestions?...but it's a thought right? I don't claim to be the sharpest Crayon in the pack but collectively there's some real pencils amongst us?

    Thanks for the UT support Stella...and agree with MatrixOpals you need a Treasurer...
     
    Ag, May 12, 2011
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  11. Ag

    Ag Well-Known Member Silver Stacker

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    Actually for the fun of it, can any of the admin staff suggest approx total members ob SS? meaning if 75% had interest a 'share' in the contract would cost XXX?
     
    Ag, May 12, 2011
    #11
  12. BullionDollarMan

    BullionDollarMan Member Silver Stacker

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    I'm up for this but what are the T&Cs? Could go 100oz
     
    BullionDollarMan, May 12, 2011
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  13. Ag

    Ag Well-Known Member Silver Stacker

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    BullionDollarMan - shooting this from the hip so feel free to add some...but personally feel safe enough amongst friends of similar mindset...still details to be documented...
     
    Ag, May 12, 2011
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  14. reflection

    reflection New Member

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    Coming Soon: forums.papersilverstackers.com :p
     
    reflection, May 12, 2011
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  15. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Like a bulk buy? A mystery big box? Sounds like it would be a good experiment, not sure I would be able to put much in but if you only need a few ounces to finish I will be in, about whatever you can get for $200
     
    Jislizard, May 12, 2011
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  16. BullionDollarMan

    BullionDollarMan Member Silver Stacker

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    I reckon this awsome foursome can create the T&Cs
     
    BullionDollarMan, May 12, 2011
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  17. lookingaround

    lookingaround New Member

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    I am only a very very small fish here but I found the idea very interesting. Please keep this small fish informed of the details :)
     
    lookingaround, May 12, 2011
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  18. Ag

    Ag Well-Known Member Silver Stacker

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    Ok these are great suggestions BullionDollarMan...thanks for the links MatrixOpals... this is what I mean...this isn't rocket science...it's details to be sorted out right?
     
    Ag, May 12, 2011
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  19. grinners

    grinners Active Member Silver Stacker

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    .
     
    grinners, May 12, 2011
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  20. Ag

    Ag Well-Known Member Silver Stacker

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    agree lookingaround...

    Lets just 'flesh' this idea for the weekend and see if it has legs?

    Nothing else to pass the time other than watching Kitco charts?

    All welcome to post any suggestions,thoughts,support,etc ...even if you have no interest in a claim,then support a fellow stacker with a suggestion?
     
    Ag, May 12, 2011
    #20
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