Guide to buying silver in Australia (resurrected)

Discussion in 'Silver' started by goldpelican, Feb 20, 2010.

  1. bahman64641

    bahman64641 New Member

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    Very good. I actually learnt new stuffs from your writing.
     
  2. Izablenter3

    Izablenter3 New Member

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    Awesome post mate. Very informative and helpful to everyone.
     
  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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  4. Harrison_Barnes

    Harrison_Barnes New Member

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    Hi Everyone, Im a newbie/Noob.

    My friend has advised me to invest into Sure silver and not sports trading cards.

    I have yet to buy anything, I was interested in aquiring a troy ounce bullion.

    Is that where I shold start? or invest into a 10oz bar from perth mint?


    Any advice and help is greatly apprecited!


    H.B.40
     
  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I suggest you start by attending any local Silver Stacker meet ups in your city. You can usually buy amongst the group. The next alternative is to buy from a local bullion dealer to avoid postage and insurance. You are better off starting with a 10oz bar or possibly a roll of 20 or 25 1oz coins as this way you get a price break.
     
  6. Harrison_Barnes

    Harrison_Barnes New Member

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    Thank you very much, Im located in the Shoalhaven NSW, South Coast of Australia, is there anything around me? or mainly capital cities?
     
  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Spend a week reading
    Every question you have ,has been answered here somewhere before
     
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  8. Harrison_Barnes

    Harrison_Barnes New Member

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    Yep already started, this was more just getting my head out in the community. @spannermonkey
     
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  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Yep, A year and bit in and I'm still finding old threads with great info. Hellva treasure of info on this forum.
     
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  11. alor

    alor Well-Known Member Silver Stacker

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  12. Belinda

    Belinda New Member

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    Thank you, This was very informative and easy to understand.
     
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  13. Freaksta

    Freaksta Member

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    Great post! I've started with predecimal mainly because you can get it for spot and I like all the history attached to it!
     
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  14. Slimey

    Slimey Active Member

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    I am pretty flexible when I buy silver. I love a bargain but they are harder to find now. Buying is the easiest part. It is the selling strategy that you need to get comfortable with. Whether you flip or hold long term, I believe that there are lessons to be learnt from the previous silver spike of the 70’s. Identifying a parabolic blow off is the key to maximising returns if you hold long term. If you buy unallocated bars through ABC Bullion, for example, you can off load at any time for a fee. If you buy thousands of pre-decimals and rounds, you can sell at a small premium but you will be dealing with the likes of EBay and cash transactions of significant amounts. This of course will come with risks unless you have access to local dealer that you have built up a relationship with. Stackers is another place to sell keeping in mind that the numbers of members will swell as silver price moves up and some of them will be dodgy as they will smell opportunity.
    Alternatively you can invest in proxy silver via Silver Lakes Resources, for example, on the Stockmarket.
    Just make sure you have a plan.
     
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  15. Davros10

    Davros10 Active Member Silver Stacker

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    If you were to go Unallocated, then Perth Mint is worth a look. Government guarantee and buying and selling fees of 1% ( and reducing with higher transaction amounts), compared to 8+% with others.
     
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  16. SluiceGoose

    SluiceGoose Member

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    just like to say thanks to all that posted in here learned allot even just from this one thread cant wait to dive in more.
    also bought the gold silver book should be a good read
     
  17. macka

    macka New Member

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    Just bought by first bar today! Looking forward to many more. Some good info for noobs on here..
     
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  18. madaw1

    madaw1 Well-Known Member

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    The big journey starts with the first step...
     
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  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Welcome to the slippery slope that is stacking. ;)
     
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  20. SluiceGoose

    SluiceGoose Member

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    Congrats on your first bar mate.
    now ya done for haha
     
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