Hi guys, I am a prepper who is adding some silver to my preps and just thought i'd say Hi , say thanks for the info and ask a Q Just brought 20 Kooks from http://www.goldbullionaustralia.com.au/ deal went down OK a few hiccups but mostly caused by me being new to the stacking game (yay physical silver in hand). After that I brought 20 X ASE, 20 X Phils and 25 X maples off BB from feebay... still awaiting shipment but all is going well . After that I plan to buy 100 X 1oz something (possibly lunas as I like the airtites). SO thats it so far so on to the Q I brought my Kooks for $38.40 per when spot was $29.50 so premium of $8.90. So my Q is if theoretically spot was $10 could I then get kooks for $10 + $8.90? Oh and If i want capsules for the ASE's, Phils and Maples are they the same as the kooks airtites (size wise) and where can I get them? Oh and Hi again Act 20:33 I haue coueted no mans siluer, nor gold, nor apparell.
If you are buying 20+ coins a time, avoid feebay as the sellers have to add 10% or so to their prices for the high fees. You find its better to use their websites direct. Eg. 20 Kookaburra at Bullion Bourse are $686 or $34.30 a coin. Bullionmark is ok for larger purchases also.
Kooks & Eagles take the same sized capsule - 41mm Maples and Philharmonics are smaller, they fit the 38mm caps. http://www.air-tites.com/coin_size_chart.htm You can source capsules either local here : http://www.renniks.com Or you can import from the US (airtites) here : http://www.air-tites.com/air-tite_coin_supplies.htm If you have the cash, I recommend the air-tites. Just check the shipping costs as they do charge a bit from the US. Cheers
Welcome aboard! All things being equal, The premium isn't a fixed $, it's a %, so the larger the spot price the larger the premium in $'s.
Thanx for the replies very helpful and informative . Oh and another Q. I am going fishing in a very unseaworthy boat... should I take my stack with me? oh and I like this site very interesting www.silverbearcafe.com p.s. Your'e only deceived until you're not
I think instead of going fishing in an unseaworthy boat with your stack, you should try some amateur mining and if there's an unfortunate cave-in then oh well.
First, welcome, thatguy. sammich, AEL Steve researched this for me. He found that gold coins are a % of spot but silver coins are fixed.
I actually beg to differ on this one. When the spot is $30 the premium is around $10 so ( 30%ish ) When the spot moves to $200 the coin that costs you now $40 WILL NOT cost $260 ( 30% on top of spot ). So the higher the spot the lower the premium will be in PERCENTAGE TERMS. and time will tell...
I'm no expert but I believe that premiums, while related to price, is based purely on supply and demand. If there is high demand and low supply (such as is the case now), then premiums will be high. If demand is low and supply is plentiful, then you may find there may be little or no premium. A perfect example of this is when silver prices rise everyone wants to buy and therefore supply is thin and as a result dealers need to pay a higher premium to entice people to part with their stack. However, when prices fall everyone wants to sell (fear based) and therefore they don't need to chase stock, and as a result they don't need to offer as high a premium to purchase silver. But putting this all in perspective is important. For example, if you purchase 1oz Kooks now for $39, which is approx a 30% premium, and in the future silver rises to $100 it doesn't really matter if there's no premium attached to the coins. Even at melt price your 1oz Kooks would still worth $100 each, which is way more than you paid. Could be wrong, but it's my 2 cents worth anyway
I think I should know since I have purchased a lot of gold and silver bullion coins from the Perth Mint. The wholesale premium is fixed on the silver and a % on the gold. If you are talking retail, you can price it at whatever someone will pay for it. Welcome Thatguy
back in 2008 when silver dipped to $10 ish... I could not find anything for 3 months. Or I just wouldn't let myself pay the premium they were asking at the time. They were getting 20 to 30% premium for US 90% coins, Of course they were paying a higher premium if you sold. Nobody was selling! Today it is only 5%... But what I see now is with a slight pull back supplies are low... but the high premiums haven't kicked in. (plenty of "panic" sellers) I just can't see myself pay such a HIGH premium for a silver bullion coin. For me here in the states I can buy @ spot sometimes... but I have never paid more than $2.00 per ounce over spot including shipping. The only time I pay more than spot is when I visit my local dealer, usually when silver has dipped a $1. or more in the past week. I just buy what ever they have at the lowest premium. Last week it was cull SE.
Arrrgh, I am torn between 100 x 2011 silver Kookaburra coin - Perth Min http://bullionbourse.com/index.htm#ecwid:category=584920&mode=product&product=2114657 and 100 x 1oz 99.9% Silver bullion bar http://bullionbourse.com/index.htm#ecwid:category=584922&mode=product&product=2114680 I need my stack to be as liquid as possible Which would you buy to get bang for buck but best liquidity... general public as targets of sale? Anyone know how the bars are packaged or how well the store as i think kook store very nicely (well they just look after themselves in their X 20 rolls
When you say "general public" I read that as being offered for sale via this forum - either would sell in a heartbeat at the right price. I'd give one of the forum advertisers on here a crack at beating those prices though on the Kookaburras.
