Hi Stackers, I'll be offering a laybuy/payment plan (LB/PP) option for purchasing silver. Unfortunately I don't have any gold to sell. Basically how it works is this. We agree on a product & price ( inc post if required) and it's locked in. You need to understand that the item may be valued less at the time of completing the payments but it could also be worth more (the price doesn't change for either of us ever). Silver has had a great 12 months, anyone who has bought in the past 12 months should have gains. Silver can drop to the downside quite dramatically so keep this in mind. I won't be selling at spot or even close to spot but the price will be slightly better than a shop. The benefit for you is the payment plan. We agree on a deposit amount (% will depend on value of deal but consider 25% to be a guide), repayment amounts and timeframe. I will store the items securely until all payments are completed then meet F2F in a safe location or post if required. Security of my silver and yours is super important to me and something I take very seriously. I will send pictures of item and pictures of payments made along the way so that everything is honest and open. Can also provide video or dates pics. Initially I will mainly offer kilo bars, a few 10oz's and round 50's (minimum 25 pieces). I do have 100 oz bars and a variety of 1oz coins and bars (minimum purchase 7 items). Something that will need to be discussed is cancellation of your purchase. It will be case by case. It's not something I want to encourage as there will be a cost involved. Buyers responsibilities - stick to the agreed schedule of payments. If a payment is going to be late you need to advise me in advance and catch up as soon as possible. If payments are continually late no future deals will be made. Consider your own goals and if this works for you shoot me a PM......Serious stackers only please. There is a lot of trust involved so you have my word that I will deliver exactly what you are paying for. I have only completed a couple of sales in this group but I know what is expected as a seller. This is strictly a peer to peer trade and agreement. Please note that SS has no affiliation with this. Right now I have several 1kg pamp with certificates, a few 1kg Ainslie stacker bars, 10oz PWB bars and round 50's. PM if interested. Regards Michael (MDMD)
Vouch for @MDMD Genuinely one of the best to do it, I trust him very much. I only really buy my silver from him lol. Good option for us that want to stack, but are restricted with tight money.
To be honest and no disrespect intended, it sounds like a nightmare. The time ticking by as money has partially changed hands. The tracking of payments and the price of silver moving up and down could usher in contention? If only slightly better than a shop's price the only advantage to a buyer is paying it off over time. This might work for some who are light on funds but I would 100% discourage such a practice. Bills come up and the unforeseen happens! Car dies, medical issues etc. If no more payments can be made or not in a timely fashion the buyer is likely to lose his partial payment. The winner is the seller in this situation. I don't own a credit card and have not for a number of years, maybe I'm just a different breed. Much better to save for a bit and buy from a reputable store who can 'guarantee' the safe storage with a reputation to back it up.
@1Tim58 Thanks for your reply. It may be a nightmare for you but not for me. I never said I would keep the payments, that's not how I roll. I'm sure there will be people who think stay away, that's no problem, it's not for them. No disrespect back but this post is for people interested.
I think this is an excellent option for those of us whose income hasn’t kept up with gold and silver prices. It’s basically just a lay-by like you’d do with Target or many other stores. We all play the lottery with purchase prices and I can say with a hearty laugh that they generally go up the day after I sell, and go down the day after I buy. Locking in a price is fine if it works for both parties and no hard feelings if one missies out a bit.
I don’t know the seller but massive risk in this. What if he vanishes, get sick, dies, decides he wants to travel the world with a new gf. Great idea, if it was a company but crazy with an individual. Tbh I thought about doing something similar - offering people the chance to lock in a price for, say a month for $20 or whatever, and the ability to walk away and lose the $20 if spot fell. These are all good ideas but it’s not worth risking your money with a random. No offence intended. I’m sure the seller is amazing
So far so good here in the forum as per record. No one want to get Sling Shot. But will never know. As past few incident. I don't know much about the newbies. I think this proposal is a good idea for member with good rep. Communication is very important so there is no misunderstanding.
Ok, I'm thinking this is a great introduction to the concept of buying on lay-by for anyone that could use that service. Sure the risks associated with that are amplified as the time frames and terms are extended compared to a quick exchange of funds and assets over a few days, but the conditions on offer may better suit both parties at the time. However, there's nothing specifically listed for sale in the OP just an indication of what could be available. So we need to come to some conclusion where we're heading as this is a trading thread and I'd like to wrap it up. My suggestion is to start a separate number of sales threads for individual or various items that specifically indicate that a lay-by option is available. I'm quite happy to sticky this thread as an intro or whatever. What do you reckon @bubblebobble2? Happy for @MDMD to go ahead? Any other thoughts from the members? I'm sensing that while there is some concern amongst some members others can see value in the proposal. Maybe @MDMD needs a smart contract or something on the Eth blockchain? LOL
I’m in favor with this option…yes, there are risks involved, however, we all trade with risks…but spot isn’t going to any correction anytime soon…yes, there will only be a fraction of buyers who are willing to do this option…I personally have started slowing down in purchases due to spot rises… Please do your diligence to all trades before committing to this option. @mmm....shiney! im good with this as a sticky.
My thinking is buy what you can afford. One of the great things about precious metals, particularly silver, is that it comes in sizes that anyone genuinely interested can purchase. Fair enough gold in some of the fractional sizes has become more expensive however 1/10 or 1/20 is still within reach of most. Silver however is readily available in fractions from Threepence, round fifties, florins ….. to match the amount you wish to spend. Start slow and watch your stack grow.
Did some of you guys smack your head on the pavement this morning. A sticky. Wtaf? There is so much wrong with this post i honestly dont know where to start.
Redback cheers for the laugh. The way I see it, SilverStackers has proven time and time again to be a community of trustworthy individuals (for the most part). Most of us here have sent hard earned cash to random strangers based on trust that they'll deliver on their end of the deal....vice versa. 99% of the time it works out just fine. MDMD is adding another layer of complexity, but this might suit someone. Props to the admin team for giving exposure to members with innovative ideas.
I've done a lay-by as a buyer with another member previously. It worked out to be mutually beneficial. DYODD. Stickied.
Aaah bananas The whole concept is wrong. If you can't afford to buy on the day don't. Shit happens and you never know what's around the corner. The path to hell is paved with good intentions.
But now by making it a sticky you are implying it has the approval and support of the group. To hell with all the counter party risk and a multitude of other factors. You have forgotten you are just one member of a group, you rail roaded this important issue without discussion. You have let your emotions and ego get in the way of good decision making. Truly a sad day for SS.
It wasn't a group decision. This is a privately owned forum and it's one of the jobs of an admin to ok stuff or not on behalf of the absent owner. Both @bubblebobble2 and I consented to giving the idea a run. The counterparty risk associated with this concept is with the members engaged in the trade only, it doesn't extend to any one else nor to the forum as a whole. Member's input was welcomed in order to express the pros and cons of the idea - it's then up to individuals whether they engage in a trade or not. This thread has been stickied here for easy reference for members to revisit as required and where all can see your concerns published.
Good morning @bubblebobble2 ,@mmm....shiney! & others who have commented. Appreciate the view from both sides and the support. I'll list some items for sale. I will add a comment if Laybuy is an option. See how it goes. Regards Michael
Hi Stackers, For sale - laybuy not available on this. 1 x 1kg Snake plus 1 x 1oz Snake both 2013 $1830 plus post of your choice and risk. Slight scratches back of 1kg capsule, coin in good condition. Additional 1oz available at $60 when added to above. Individual 2013 Snake available $65 each plus post. Shoot me a PM MDMD
